Security News > 2021 > January > Dremio secures $135M to invest in educating a growing community of data lake practitioners

The investment will help Dremio expand its engineering centers of excellence around the globe, grow its customer-facing organization, contribute to open-source initiatives, and invest heavily in educating and enabling a growing community of data lake practitioners.

Due to its infinite scalability, low cost, and simplicity of management, cloud data lake storage has become the destination of choice for storing high volumes of data.

Dremio is an engine that sits between data lake storage and end users who want to directly query that data for high-performing dashboards and interactive analytics, without the need for copying data into data warehouses.

"There is a challenging story before the story when it comes to data warehouses, and that is the process of copying, moving and synchronizing data," said Billy Bosworth, CEO of Dremio.

Dremio's product was built with performance, security, governance and scalability features for the modern enterprise software ecosystem, allowing its growing list of customers across industries - including brands like UBS, NCR and Henkel - to see how data was queried, transformed and connected across sources.

"We believe that Dremio is well on its way to becoming a category-defining company, and we couldn't be more excited to partner with Billy and the Dremio team on their mission to reimagine the cloud data lake and eliminate the need for data warehouses."

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