5 Cool Tech Companies That Raised Funding In March 2020

April 08, 2020, 03:35 PM EDT

Big data and cloud automation innovators were among the companies that hauled in funding rounds in March.

Dremio

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."

Learn More: Cloud Software | SMB-Midmarket Opportunities

Kyle Alspach

Kyle Alspach is a Senior Editor at CRN focused on cybersecurity. His coverage spans news, analysis and deep dives on the cybersecurity industry, with a focus on fast-growing segments such as cloud security, application security and identity security. He can be reached at kalspach@thechannelcompany.com.