Data lake-focused Dremio raises $135M series D funding round
Summary
Dremio, founded by MapR alumni Tomer Shiran and Jaques Nadeau, is announcing today that it has raised $135 million in Series D funding. Dremio says the investment will help it expand its engineering centers of excellence around the globe, grow its customer-facing organization, contribute to open-source initiatives, and invest in education and enablement of data lake practitioners. Dremio is the key commercial entity behind Apache Arrow, an open source technology that enables an in-memory serialization format for columnar data. Arrow allows software platforms compatible with it to share such data with needing to decode and re-encode it in their own proprietary formats. Arrow has contributors and adopters from a number of players in the analytics and AI arenas.
