Dremio Raises $5M from Cisco Investments; Brings Series B Funding to $30M

Dremio, a Mountain View, CA-based Data-as-a-Service platform company, received a $5m investment from Cisco Investments.

This extends its Series B financing to $30m having previously announced a $25m Series B round in January 2018, led by Norwest Venture Partners with participation from existing investors Lightspeed Venture Partners and Redpoint Ventures.
This brings the total amount of funding raised to date to $45m.

Founded in 2015 by Tomer Shiran, CEO, Dremio provides a SaaS based platform that enables companies to get more value from their data by connecting any analytical process to any data source and scaling from one to 1,000 plus servers, running in the cloud, in Kubernetes, or in a Hadoop cluster. Its open source Data-as-a-Service Platform allows analysts and data scientists to work together to discover, curate and collaborate for diverse analytical use cases. It builds on Apache Arrow to accelerate queries on a range of data sources, from S3, ADLS, and HDFS to NoSQL and relational databases.
Dremio recently launched a new Apache-licensed open source technology, The Gandiva Initiative for Apache Arrow.
Apache Arrow was created by Dremio to provide the core data building block for heterogeneous data infrastructures and tools, including Spark, Python, R, BI, RDBMS, NoSQL, and file systems.

Dremio now has more than 70 employees and customers in more than 80 countries, spanning over a dozen industries from financial services and healthcare to retail and technology. Organizations including Daimler, Fred Hutch, Idio, Intel, OVH, Royal Caribbean, TransUnion, and UBS are using Dremio’s Data-as-a-Service Platform.



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