Announced
Completed
Financials
Sources
Tags
Acquisition
Friendly
Data Centers and Hosting
data transformation tool
United States
Completed
Private Equity
Minority
Venture Capital
Private
Single Bidder
Cross Border
Synopsis
Altimeter, a technology focused investment firm, led a $222m Series D round in dbt Labs, a company which develops an analytics engineering tool that prepares raw data in the warehouse for analysis, with participation from Databricks, Snowflake, Amplify Partners, Andreessen Horowitz, Sequoia, Coatue, Tiger Global, ICONIQ Growth, GV, and GIC. "The data industry is converging around unified cloud data architectures supporting machine learning, data science, and business intelligence use cases. Dbt is uniquely well-positioned for this future. dbt provides a transformation framework suited for the needs of data engineers, data scientists, and business analysts–multiple users with multiple use cases working from a single knowledge layer," Jamin Ball, Altimeter Partner.
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