# Dremio Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/dremio

- Industry: Software
- Headquarters: Santa Clara, US
- Website: www.dremio.com
- Total disclosed funding: $402M
- Latest round: Series E (Jan 25, 2022)
- Investors on record: 9

## About

Founded in 2015 and based in California, US, Dremio Corporation operates as a developer of open-source business intelligence software. The company was founded by its CPO Tomer Shiran and Jacques Nadeau. In March 2020, Dremio Corporation raised USD 70 million in Series C funding led by new investor Insight Partners, and in January 2021, it raised USD 135 million in Series D funding led by new investor Sapphire Ventures, with participation from Cisco Investments, and Insight Partners. As of 2021, the company’s CEO is Billy Bosworth.

The company operates a SQL lakehouse software called Dremio and another fully-managed variant of the same software for accessing cloud data lakes called Dremio Cloud, which has limited availability as of 2021. Dremio software allows its users to perform high-performing business intelligence dashboards and interactive analytics on the data lake storage without having to copy the data into data warehouses. Data lake storage is a type of low-cost storage repository that can store a vast amount of raw data in both structured and unstructured formats. Also, the company’s Dremio Cloud and its multi-engine architecture make it possible for enterprises to directly analyze their high volumes of data stored on the cloud data lake storage and extract valuable insights to improve the operations of their business. The company’s client base includes InCrowd, Henkel, NewDay, and Ap Intego.

The company plans to expand its engineering team, grow its customer-facing organization, contribute to open-source initiatives, and create a growing community of data lake practitioners.

## Funding rounds

- Series E, Jan 25, 2022, $160M — Adams Street Partners, Lightspeed Venture Partners, Norwest Venture Partners, Insight Partners, DTCP, Sapphire Ventures, StepStone, Cisco Investments
- Series D, Jan 6, 2021, $135M — Lightspeed Venture Partners, Redpoint Ventures, Norwest Venture Partners, Insight Partners, Sapphire Ventures, Cisco Investments
- Series C, Mar 26, 2020, $70M — Lightspeed Venture Partners, Redpoint Ventures, Norwest Venture Partners, Insight Partners, Cisco Investments
- Series B, Jan 8, 2018, $25M — Lightspeed Venture Partners, Redpoint Ventures, Norwest Venture Partners
- Series A, Jul 16, 2015, $12M — Lightspeed Venture Partners, Redpoint Ventures

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Series A, Series B, Series C, Series D, Series E
- Redpoint Ventures (https://capitalatlas.ai/funds/redpoint-ventures) — Series A, Series B, Series C, Series D
- Norwest Venture Partners (https://capitalatlas.ai/funds/norwest-venture-partners) — Series B, Series C, Series D, Series E
- Insight Partners (https://capitalatlas.ai/funds/insight-partners) — Series C, Series D, Series E
- Cisco Investments (https://capitalatlas.ai/funds/cisco-investments) — Series C, Series D, Series E
- Sapphire Ventures (https://capitalatlas.ai/funds/sapphire-ventures) — Series D, Series E
- Adams Street Partners (https://capitalatlas.ai/funds/adams-street-partners) — Series E
- DTCP — Series E
- StepStone (https://capitalatlas.ai/funds/stepstone) — Series E