Dremio Announces Record Revenue Growth, Global Expansion and Increased Customer Acquisition to Become the Data-as-a-Service Platform Company

4 Mar by Vitaliy Dadalyan

Dremio Announces Record Revenue Growth, Global Expansion and Increased Customer Acquisition to Become the Data-as-a-Service Platform Company

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
  • Closed Series
    B round
    , led by new investor Norwest Venture Partners with
    participation from existing investors Lightspeed Venture Partners and
    Redpoint Ventures.
  • 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
    , Principal Consulting Architect at Dremio.
  • Expanded office locations to Vancouver, Canada and Hyderabad, India.

Product Innovation:

  • 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.

Industry Recognition:

  • CB
    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
    the industry.
  • 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®.

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About Dremio

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,
and Facebook.


Media Contact:
Kim Pegnato
Winkowski Public Relations
[email protected]