Dremio Announces Record Revenue Growth, Global Expansion and Increased Customer Acquisition to Become the Data-as-a-Service Platform Company
SANTA CLARA, Calif.–(BUSINESS WIRE)–Dremio,
the Data-as-a-Service Platform company, today announced strong revenue
growth and global expansion to close out 2018. The company grew its
annual recurring revenue by 10X since 2017, with growth in enterprise
customer acquisition up 500 percent. Dremio expanded its global
footprint with the addition of engineering, support, and sales teams in
Canada, India, and Austin, and launched a new Professional Services
Group as well as an on-demand virtual education platform, Dremio
“Dremio experienced explosive growth across all business metrics in
2018,” said Tomer Shiran, co-founder and CEO, Dremio. “The adoption of
Data-as-a-Service from the industry and customers played a significant
role in our record growth in revenue and increased customer base. Our
platform provides a fundamentally different approach that allows data to
be managed in whichever persistence technology is most appropriate for a
given use case while providing the functionality, performance, and
security controls required for integrating with the traditional tools
deployed on millions of desktops.”
2018 Business Highlights:
Announced an investment from Cisco
B round, led by new investor Norwest Venture Partners with
participation from existing investors Lightspeed Venture Partners and
Added new customers globally and expanded footprint with existing
customers, including Diageo, Microsoft, PayPal, Standard Chartered,
TransUnion, UBS, and VirginOrbit.
Launched a new Apache-licensed open source technology, The
Gandiva Initiative for Apache Arrow; Arrow is now the de-facto
standard for in-memory analytics, with more than 1m+ downloads per
Launched new Professional Services Group, led by Robert
Maybin, Principal Consulting Architect at Dremio.
- Expanded office locations to Vancouver, Canada and Hyderabad, India.
Launched Dremio 3.0 — bridging the gap between data engineers and
data consumers with advanced security and multi-tenant workload
controls; integrated data catalog for self-directed data analysis;
integration with Kubernetes and Helm charts; support for popular cloud
platforms like AWS and Azure.
Introduced the Dremio Learning Engine, and added support for Looker,
to help business analysts and data scientists to discover, curate,
share, and analyze data from data lakes, NoSQL, and relational sources
using their favorite tools at unprecedented speed.
Insights named Dremio to the third annual AI 100 ranking,
showcasing the 100 most promising private artificial intelligence
companies in the world.
Dremio was among 50 innovative companies listed in InsideBig
Data’s IMPACT 50 List of the most important movers and shakers in
Named the winner of two Silver Stevie® Awards in the Tech Startup of
the Year- Software category and Technical Innovation of the Year
category, in The 16th Annual American Business Awards®.
Tweet this: [email protected] Announces Record Revenue and Customer Success in
Dremio is the Data-as-a-Service Platform company. Created by veterans of
open source and big data technologies, and the co-creators of Apache
Arrow, Dremio is a fundamentally new approach to data analytics that
helps companies get more value from their data, faster. Dremio makes
data engineering teams more productive, and data consumers more
self-sufficient. For more information, visit www.dremio.com.
Founded in 2015, Dremio is headquartered in Santa Clara, CA. Investors
include Lightspeed Venture Partners, Redpoint, Norwest Venture Partners,
and Cisco Investments. Connect with Dremio on GitHub,
Winkowski Public Relations