Overview

Dremio provides a platform for data analytics and management that enables businesses to access and analyze their data without needing to move or copy it. This is especially beneficial for companies with large data lakes or relational databases. The platform is user-friendly and integrates with popular cloud services like AWS and Azure, allowing for quick deployment and configuration. Dremio also connects with various business intelligence and data science tools, facilitating easier data work for analysts and scientists. Targeting medium to large enterprises across industries such as finance, healthcare, retail, and technology, Dremio operates in the growing data analytics and cloud computing market. Its business model combines subscription and usage-based pricing, allowing clients to pay based on their data operations and features needed. Dremio aims to provide a flexible and scalable solution for businesses to leverage their data for strategic decision-making.

Simplify's Take

What believers are saying

• Dremio's general availability on Azure expands market reach and cloud deployment flexibility.
• Partnership with Octopus Group enhances PR efforts, increasing brand visibility and client attraction.
• New features in Apache Iceberg improve data lakehouse performance, resonating with AI-focused organizations.

What critics are saying

• Competition from Databricks and Snowflake could impact Dremio's market share.
• Rapid AI advancements may outpace Dremio's integration capabilities, risking competitive edge loss.
• Reliance on AWS and Azure pricing changes could affect Dremio's cost structure and pricing.

What makes Dremio Corporation unique

• Dremio integrates generative AI features like text-to-SQL for intuitive data interaction.
• The platform supports AWS Graviton, enhancing cost savings and performance for AWS users.
• Dremio's Autonomous Semantic Layer and Vector Lakehouse support advanced machine learning applications.

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Funding

Total Funding

$410M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:

Insight PartnersLightspeed Venture Partners

Notable Investors:

Insight PartnersLightspeed Venture Partners

$160,000,000

Series E

Jan 2022

Series E funding typically includes additional rounds after Series D if the company needs more capital. The business is usually stable, and these rounds are typically used for further expansion or to address market challenges.

Series E Funding Comparison

Above Average

Industry standards

Ind Avg. $100M

$30M

$160M

$245M

$250M

$1250M

$1500M

View all funding stages