Dremio raises $125M

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Santa Clara, Calif.-based data lake analytics company Dremio has raised $135 million in Series D funding. This value’s Dremio’s valuation to $1 billion, the company said in a statement.

The investment is led by Sapphire Ventures, with participation from existing Insight Partners, Lightspeed Venture Partners, Norwest Venture Partners, Redpoint Ventures, and Cisco Investments.

[Image courtesy: Dremio]