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Dremio Expands Funding to $45M With Additional Funding From Cisco Investments

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Creators of Apache Arrow Disrupt Data Analytics Market with
Data-as-a-Service Platform

Dremio,
the Data-as-a-Service Platform company, announced today an investment
from Cisco Investments, extending the company's Series B financing to
$30 million. The company previously closed their Series B round in
January 2018, led by Norwest Venture Partners with participation from
existing investors Lightspeed Venture Partners and Redpoint Ventures.
This brings the total amount of funding raised to $45 million.

This investment comes on the heels of continued growth and momentum for
Dremio. The company now has more than 70 employees after more than
tripling employee count in 2017. Over the last year, Dremio has added
customers in more than 80 countries, spanning over a dozen industries
from financial services and healthcare to retail and technology. Leading
organizations
including Daimler, Fred Hutch, Idio, Intel, OVH, Royal
Caribbean, TransUnion, and UBS are using Dremio's Data-as-a-Service
Platform to get more value from their data, faster.

"Dremio's product vision and technology continue to be validated by the
market and are underscored by our rapid growth and the relationship with
Cisco Investments," said Tomer Shiran, co-founder and CEO, Dremio. "We
are proud that Cisco Investments has recognized Dremio's disruptive
technology, and we look forward to working together and bringing
Dremio's unique approach to Cisco's customers."

Dremio transparently enables unprecedented time-to-insight and unlike
traditional approaches, which require building a data warehouse, data
marts, or proprietary extracts, Dremio connects any analytical process
to any data source and scales from one to 1,000 plus servers, running in
the cloud, in Kubernetes, or in a Hadoop cluster. Dremio's open source
Data-as-a-Service Platform, helps analysts and data scientists work
together to discover, curate and collaborate for diverse analytical use
cases. It builds on Apache Arrow to dramatically accelerate queries on a
range of data sources, from S3, ADLS, and HDFS to NoSQL and relational
databases.

"Data has become the most valuable asset for most companies, but putting
data into the hands of analysts and data scientists remains a challenge,
particularly as data has increased in volume and become trapped in many
different systems and technologies," said Rob Salvagno, vice president
of Corporate Development and Cisco Investments. "Dremio has helped
address this challenge with its unique approach to make data
self-service, for business analysts and data scientists, without
burdening IT. Our investment in Dremio reflects our mission to create
more value for our customers, specifically in software for data
analytics – a key area of focus."

As the creators of Apache
Arrow
, Dremio recently launched a new Apache-licensed open source
technology, The
Gandiva Initiative for Apache Arrow
. Apache Arrow was created by
Dremio to provide the core data building block for heterogeneous data
infrastructures and tools, including Spark, Python, R, BI, RDBMS, NoSQL,
and file systems. Arrow is now the de-facto standard for in-memory
analytics, with more than 150,000 downloads a month and adoption across
a diverse range of projects.

About Dremio

Dremio is the Data-as-a-Service Platform company. Created by veterans of
open source and big data technologies, and the creators of Apache Arrow,
Dremio is a fundamentally new approach to data analytics that helps
companies get more value from their data, faster. Dremio makes data
engineering teams more productive, and data consumers more
self-sufficient. For more information, visit www.dremio.com.

Founded in 2015, Dremio is headquartered in Mountain View, CA. Investors
include Lightspeed Venture Partners, Redpoint, and Norwest Venture
Partners. Connect with Dremio on GitHub,
LinkedIn,
Twitter,
and Facebook.

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