Dbt Labs Raises $222M In Series D Funding At $4.2B Valuation Led By Altimeter With Participation From Databricks And Snowflake
Dbt Labs Raises $222M In Series D Funding At $4.2B Valuation Led By Altimeter With Participation From Databricks And Snowflake
02/24/22, 9:15 AM
Location
philadelphiaMoney raised
$222 million
Round Type
series d
dbt Labs, the pioneer in analytics engineering, today announced that it has raised $222 million in Series D financing at a $4.2 billion valuation. The round was led by existing investor, Altimeter, with participation from existing investors Amplify Partners, Andreeson Horowitz, and Sequoia. New investors participating in the Series D include Coatue, Tiger Global, ICONIQ Growth, GV, and GIC. Three strategic investors representing leaders in the shift to the cloud – Databricks, Salesforce Ventures, and Snowflake – also participated
Company Info
Location
philadelphia, pennsylvania, united states
Additional Info
Since 2016, dbt Labs has been on a mission to help analysts create and disseminate organizational knowledge. dbt Labs pioneered the practice of analytics engineering, built the primary tool in the analytics engineering toolbox, and has been fortunate enough to see a fantastic community coalesce to help push the boundaries of the analytics engineering workflow. Today there are 9,000 companies using dbt every week, 25,000 practitioners in the dbt Community Slack, and 1,800 companies paying for dbt Cloud.
SOURCE dbt Labs