dbt Labs raises $222M in Series D funding at $4.2B valuation led by Altimeter with participation from Databricks and Snowflake
Summary
"As a data practitioner, I could not be more excited about our product roadmap: an open layer to define an organizations single source of truth, accessible via every BI and analytics tool." Investment from the leading cloud data platforms is the latest milestone solidifying dbts position as the accepted industry standard. • Deepened partnerships: The number of partner products supporting data transformation workloads with dbt increased by 2x in 2021. dbt Labs added integrations with partners including Firebolt, Materialize, Microsoft, Rockset, Starburst, and Teradata, in addition to existing integrations with AWS, Databricks, Google Cloud, and Snowflake products. "Like the dbt Labs team, we believe that all data users should have access to the same powerful tools and workflows used by engineers," said Ali Ghodsi, CEO of Databricks. "By deepening our partnership with dbt Labs, we offer joint customers the ability to solve their business problems in a simple, scalable, and secure environment using the power of the Snowflake Data Cloud."
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