Five Minute Briefing - Information Management
January 7, 2021
Five Minute Briefing - Information Management: January 7, 2021. A concise weekly report with key product news, market research and insight for data management professionals and IT executives.
News Flashes
Dremio, a provider of data lake transformation, has raised $135 million in Series D funding, enabling the company to expand its engineering centers around the globe, grow its customer-facing organization, contribute to open-source initiatives, and invest heavily in educating and enabling a growing community of data lake practitioners.
Lacework, provider of a security platform for the cloud generation, has closed a $525 million growth round, bringing it to a valuation of more than $1 billion. The funding round was led by Sutter Hill Ventures and Altimeter Capital, and joined by D1, Coatue, Dragoneer Investment Group, Liberty Global Ventures, Snowflake Ventures, and Tiger Capital. "Building on cloud is the biggest shift the IT industry has ever witnessed. Constant cloud changes require a new approach to security critical for our customers adapting and scaling as fast as clouds innovate," said Dan Hubbard, CEO, Lacework.