On January 25, 2022, Dremio Corporation closed the transaction. The company received $159,999,914.356 in a round of funding led by new investor Adams Street Partners, LLC. The transaction included participation from returning investors Sapphire Ventures, LLC, Insight Venture Management, LLC, Lightspeed Ventures, LLC, NVP Associates, LLC, Cisco Investments, new investors StepStone Group Inc. and Deutsche Telekom Capital Partners Management GmbH.