dbt Labs Raises $222M in Series D
dbt Labs has successfully raised $222M in a Series D at a $4.2B valuation led by Altimeter Capital, Andreessen Horowitz, Sequoia Capital, GIC, Databricks Ventures.
Company Overview
dbt Labs is a Data/Analytics company headquartered in 3401 Walnut Street, Philadelphia, PA 19104, founded in 2016 with 500+ employees.
Data transformation tool
Fundraising Details
- Amount Raised: $222M
- Round Type: Series D
- Valuation: $4.2B
- Date: 2024-02-09
- Investors: Altimeter Capital, Andreessen Horowitz, Sequoia Capital, GIC, Databricks Ventures
About dbt Labs
Data transformation tool The company is positioned in the Data/Analytics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 3401 Walnut Street, Philadelphia, PA 19104
- Founded: 2016
- Team Size: 500+
- Industry: Data/Analytics
What This Means
This funding round demonstrates strong investor confidence in dbt Labs's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Data/Analytics sector continues to attract significant investment as companies innovate to meet evolving market demands. dbt Labs's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $4.2B valuation marks an important milestone for dbt Labs, positioning the company among notable players in the Data/Analytics industry.
Looking Ahead
With this new capital, dbt Labs is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data/Analytics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-02-09. For more information about dbt Labs, visit their headquarters at 3401 Walnut Street, Philadelphia, PA 19104.
