dbt Labs announced they raised $222 million in Series D funding, reaching a $4.2 billion valuation.
The funding round was led by existing investor Altimeter with participation from Databricks, Salesforce Ventures, and Snowflake, among others.
The capital will fuel development of a new layer in the modern data stack and expand dbt's role as the industry standard for data transformation in the cloud.
dbt Labs experienced significant growth with a 6x increase in annual recurring revenue in 2021 and hosted a large conference, Coalesce, with more than 7,000 attendees.
The company aims to enhance data transformation work in collaboration with industry leaders, aiming at data democratization and strengthening data strategies for customers like Vodafone New Zealand.

dbt Labs offers a cloud-based infrastructure for data analytics, enabling professionals to improve their data workflow efficiencies, enforce data quality controls, and efficiently manage data at scale. The platform promotes the adoption of best practices for modern data management and supports complex, large-scale systems through features like dbt Cloud and dbt Mesh. Their solution accelerates analytics code development while providing tools for governance and version control. dbt Labs supports integration with major data warehouses and boasts a community of over 30,000 companies. They offer resources, live demos, and workshops to facilitate users' understanding and usage of dbt products.

dbt Labs

dbt Labs offers cloud-based data transformation and analytics engineering platform.

dbt Labs Secures $222M Series D Funding at $4.2B Valuation

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