PHILADELPHIA , June 30, 2021 /PRNewswire/ -- dbt Labs (previously Fishtown Analytics) announced that it raised $150M in Series C financing. With th

Fishtown Analytics Rebrands as dbt Labs; Closes $150M to Develop Open-Source Analytics Engineering Software

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2021-06-30 14:00:12

PHILADELPHIA , June 30, 2021 /PRNewswire/ -- dbt Labs (previously Fishtown Analytics) announced that it raised $150M in Series C financing. With this raise, the team will speed the development of dbt, its open-source analytics engineering tool. The round was co-led by Altimeter, Sequoia Capital, and Andreessen Horowitz with participation from Amplify Partners. Sequoia Capital, Andreessen Horowitz, and Amplify Partners are all existing investors. No new board members are joining the team.

"I worked as a data analyst for decades and was always slowed down by terrible workflows," said dbt Labs' CEO, Tristan Handy . "The shift to powerful, cloud-based data platforms presented an opportunity to finally rethink those workflows. We believed that combining software engineering best practices with the preferred language of data analysts—SQL—would unlock collaboration and speed for data teams. We called this the analytics engineering workflow."

Today, there are 15,000 data professionals in the dbt Community Slack; 5,500 companies using dbt; and 1,000 dbt Cloud customers. dbt Cloud is the fastest and most reliable way to develop and deploy dbt projects. dbt Cloud provides a centralized development experience for anyone who writes dbt code to safely deploy, monitor, and investigate that code--all in one web-based UI.