dbt Labs raises $222M in Collection D funding at $4.2B valuation

DBT Labs

DBT LabsA Philadelphia, PA-based analytics engineering firm, raised $222m in Collection D financing at a $4.2 billion valuation.

The spherical was led by present investor Altimeter, which included present traders Amplify Companions, Andreessen Horowitz and Sequoia, new traders Kotyu, Tiger World, ICONIQ Development, GV, and GIC, in addition to strategic backers Databricks, Salesforce Ventures and Snowflake. ,

The demand for DBT is pushed by an industry-wide shift to cloud-based knowledge platforms similar to Snowflake, Google BigQuery and Databricks. Over the previous two years, DBT has emerged because the {industry} customary for knowledge transformation within the cloud. DBT permits knowledge groups to transform knowledge in-warehouse, and deploy analytics code following software program engineering finest practices. This new approach of working, referred to as analytics engineering, is pioneered by DBT Labs with a world DBT neighborhood of over 25,000 knowledge professionals.

Led by Tristan Useful, Founder and CEO, DBT Labs pioneers the observe of analytics engineering, serving to analysts construct and disseminate organizational data. In the present day, 9,000 corporations are utilizing DBT each week, 25,000 companies within the DBT neighborhood Slack, and 1,800 corporations are paying for DBT Cloud.

The corporate intends to make use of this cash to develop operations and its enterprise attain.



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