Announced
Completed
Financials
Sources
Tags
Private Equity
Friendly
Single Bidder
Digital Services
data transformation
Completed
Acquisition
Venture Capital
Cross Border
Private
Minority
United States
Synopsis
Adams Street Partners, a global private markets investment manager, led a $160m Series E round in Dremio, a data lake transformation company, with participation from Sapphire Ventures, Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, and Cisco Investments. "The market momentum towards cloud data lakes is now irrefutable. The only question left is how quickly customers can take advantage of these modern open data architectures. Our solutions allow you to run lightning fast queries directly on your data lake. They work whether you have data sources in multiple clouds, on-prem, and/or in other SQL databases, and that is what customers find so compelling – we meet them wherever they are in their journey," Billy Bosworth, Dremio CEO.
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