5 Cool Tech Companies That Raised Funding In March 2020
Big data and cloud automation innovators were among the companies that hauled in funding rounds in March.
Headquarters: Santa Clara, Calif.
CEO: Billy Bosworth
Funding: $70 million, Series C
Investors: Insight Partners (led the round), Cisco Investments, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures
What it does: Offers a "data lake engine" that provides speedy queries along with a semantic layer (for indexing and searching metadata) that is self-service
CEO Quote: "Data is an integral part of every business, and in today’s market, cost-efficient approaches to data analytics are critical. Dremio’s Data Lake Engine makes analytics directly on data lake storage fast, efficient, and secure, which drives down cloud infrastructure costs while giving data consumers what they need, when they need it."