Announced
Completed
Financials
Sources
Tags
data transformation tool
Venture Capital
Data Centers and Hosting
United States
Acquisition
Private Equity
Minority
Domestic
Completed
Single Bidder
Private
Friendly
Synopsis
Altimeter, Sequoia Capital, and Andreessen Horowitz led a $150m Series C funding round in dbt Labs, a company focus on data transformation tool. Additional investor include Amplify Partners. "I worked as a data analyst for decades and was always slowed down by terrible workflows. The shift to powerful, cloud-based data platforms presented an opportunity to finally rethink those workflows. We believed that combining software engineering best practices with the preferred language of data analysts—SQL—would unlock collaboration and speed for data teams. We called this the analytics engineering workflow," Tristan Handy, dbt Labs CEO.
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