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dbt Labs

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We're the makers of dbt (www.getdbt.com) and we’re on a mission to empower data practitioners to create and disseminate organizational knowledge.

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Insider experiences

What’s your favorite thing about working at dbt Labs?

The people! Proud to be a part of such a collaborative, thoughtful and talented group of humans.

Tristan Handy
Founder & CEO
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Connor Mcarthur
Co-Founder & CTO
Erin Vaughan (she/her)
VP, Customer Success
Nicholas Erdenberger
VP, Sales, Solutions and Partnerships
Janessa Lantz
VP of Marketing
Margaret Francis
Chief Product Officer
Sierra Fontaine
Chief of Staff
Anna Filippova
Director of Community and Data

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Funding announcement

dbt Labs raises $222M in Series D funding at $4.2B valuation led by Altimeter with participation from Databricks and Snowflake

dbt Labs raises $222M in Series D funding at $4.2B valuation led by Altimeter with participation from Databricks and Snowflake

dbt Labs, the pioneer in analytics engineering, today announced that it has raised $222 million in Series D financing at a $4.2 billion valuation. The round was led by existing investor, Altimeter, with participation from existing investors Amplify Partners, Andreessen Horowitz, and Sequoia. New investors participating in the Series D include Coatue, Tiger Global, ICONIQ Growth, GV, and GIC. Three strategic investors representing leaders in the shift to the cloud – Databricks, Salesforce Ventures, and Snowflake – also participated. No new board members are joining the team. Demand for dbt is driven by the industry-wide shift to cloud-based data platforms like Snowflake, Google Bigquery, and Databricks. Over the past two years, dbt has emerged as the industry standard for data transformation in the cloud. dbt enables data teams to transform data in-warehouse, and deploy analytics code following software engineering best practices. This new way of working, known as analytics engineering, has been pioneered by dbt Labs alongside the global dbt Community of more than 25,000 data professionals. The new round of funding will allow dbt Labs to build the next layer in the modern data stack. "As dbt has become accepted as the industry standard for data transformation, our most forward-thinking community members have begun musing publicly about the future of the modern data stack and about dbt's role in it," said Tristan Handy, Founder and CEO of dbt Labs. "As a data practitioner, I could not be more excited about our product roadmap: an open layer to define an organization's single source of truth, accessible via every BI and analytics tool." Investment from the leading cloud data platforms is the latest milestone solidifying dbt's position as the accepted industry standard. Notable milestones from the past year include: Community growth: The dbt Community now includes 25,000 data professionals, 12 dbt Meetups in 8 countries, and more than 9,000 companies using dbt. Customer growth: dbt Labs increased annual recurring revenue by 6x in 2021, growing to a customer base of 1,800 accounts including JetBlue, Nasdaq, Lendlease, Dunelm, and Canva. User conference growth: dbt Labs hosted the largest global conference dedicated to analytics engineering with more than 7,000 attendees. Coalesce 2022 is scheduled for October 17-21. Deepened partnerships: The number of partner products supporting data transformation workloads with dbt increased by 2x in 2021. dbt Labs added integrations with partners including Firebolt, Materialize, Microsoft, Rockset, Starburst, and Teradata, in addition to existing integrations with AWS, Databricks, Google Cloud, and Snowflake products. New use cases: dbt Cloud APIs now powers more than 25 enterprise applications delivering solutions across categories of business intelligence, operational analytics, data discovery, data quality, and data governance. "The data industry is converging around unified cloud data architectures supporting machine learning, data science, and business intelligence use cases," said Jamin Ball, Partner at Altimeter. "dbt is uniquely well-positioned for this future. dbt provides a transformation framework suited for the needs of data engineers, data scientists, and business analysts–multiple users with multiple use cases working from a single knowledge layer." "Like the dbt Labs team, we believe that all data users should have access to the same powerful tools and workflows used by engineers," said Ali Ghodsi, CEO of Databricks. "With Databricks SQL, we're now enabling data warehouse workloads. And with dbt, analysts are able to access Databricks machine learning and data science capabilities. We're looking forward to deepening our partnership with dbt Labs over the coming years as, together, we expand what's possible in the modern data stack." "The work the dbt Labs team does to help analysts create and disseminate organizational knowledge aligns with our mission to help our customers easily find insights, make better decisions and thrive in this new data-driven world," said Francois Ajenstat, Chief Product Officer of Tableau. "We are excited to see dbt Labs innovate the ways in which data is accessed, transformed and analyzed." "Snowflake and dbt Labs share a common vision of data democratization. We see organizations unlock the power of their data when more people are able to participate in analytics processes," said Christian Kleinerman, SVP of Product at Snowflake. "By deepening our partnership with dbt Labs, we offer joint customers the ability to solve their business problems in a simple, scalable, and secure environment using the power of the Snowflake Data Cloud." "We are looking forward to enhancing our data strategy with dbt," said Summer Collins, Head of Data and Growth Capability at Vodafone New Zealand. "We are undertaking a large digital transformation project in New Zealand to migrate to a modern platform and framework. Working with dbt greatly helps our speed of development, collaboration standards, and data quality."

Team announcement

Former Salesforce Executive Margaret Francis Joins dbt Labs as Chief Product Officer

Former Salesforce Executive Margaret Francis Joins dbt Labs as Chief Product Officer

dbt Labs, a pioneer in analytics engineering, today announced that Margaret Francis has joined as its chief product officer. A data and engineering industry veteran with more than 20 years of experience, Francis has led product strategy for both startups and enterprise organizations. In her new role at dbt Labs, Francis will execute on an ambitious product roadmap that serves data teams at startups and the Fortune 100, supporting users across open source and commercial product lines. “Over the past six years, dbt has grown from a tiny open source project into the standard for data transformation in the modern data stack,” said Tristan Handy, founder and CEO of dbt Labs. “We’re thrilled to have Margaret onboard to help us execute on our ambitious vision for the future.” Francis was previously President, COO and member of the Armory Board of Directors. Prior to Armory, she ran the data products portfolio for Salesforce Platform and was senior vice president of product and GM of Heroku. Francis joined Salesforce through the acquisition of ExactTarget, where she was vice president of product, managing the social products portfolio. She also co-founded two venture-backed startups and serves on the board of Sumo Logic. “I’ve been a dbt user and customer in prior roles and have experienced first-hand the real problems that dbt is solving for thousands of data practitioners,” said Francis. “dbt has grown into an essential part of the modern data stack and is supported by a vibrant and engaged community. dbt Labs is playing a vital role in the shift to the cloud, and I am delighted to be joining them during this pivotal time." dbt Labs cofounder Drew Banin, who previously served as chief product officer, will be moving into a new role in product management. Banin is responsible for architecting the dbt experience used by tens of thousands of data professionals today. In his new role, he’ll be heading up efforts around the metrics layer and new CLI experiences, while continuing to play an integral role in both the product roadmap and the dbt Community. At the time of its $150 million Series C funding in June 2021, dbt Labs also welcomed Allison Pickens as its newest board member. In September 2021, Daniel Le joined the team in the role of chief financial officer. Le most recently led finance and finance operations for Zoom and prior to that helped scale financial planning and analysis for Okta. Pickens is considered a leading expert on how to build customer-focused recurring revenue businesses, was chief operating officer at Gainsight, and recently founded a venture firm–The New Normal–at which she is sole general partner.

Funding announcement

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

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

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. dbt adoption has grown 200% every year since its launch in early 2016. In Q1 of 2021, dbt Labs doubled revenue in the enterprise segment. This consistent growth is being driven by companies of all sizes shifting to cloud-based data platforms like Snowflake, Google BigQuery, Databricks, and Amazon Redshift. "The growth in cloud data platforms over the last few years is unprecedented. These platforms free data teams from the old ETL approach, and unlock a new wave of tools in the modern data stack built for ELT," said Altimeter Capital Partner, Jamin Ball. "dbt has established itself as the go-to platform for data transformation in this new way of working." dbt Labs is expanding relationships with every major cloud platform. dbt has been validated through the AWS Redshift Ready, Works with BigQuery, and Snowflake Ready programs. dbt Cloud is available on the AWS Marketplace and will be available on Snowflake Partner Connect later this year. dbt Labs is recognized as an Amazon Select Technology Partner, a Google Build Partner, and served as a launch partner for Databricks SQL and Databricks-on-GCP. "We have always believed that solving for the analyst is the secret to unlocking greater productivity on data teams," said Handy. "We're seeing increasing investment in companies and products built on this same thesis. Databricks' Delta Lake and Databricks SQL are huge bets on SQL, Census and Hightouch have raised venture rounds to solve operational analytics use cases, and Mode's dbt integration is now making data freshness available to data consumers. We absolutely believe that this is just the beginning of this trend." The Series C gives dbt Labs further runway to make aggressive investments in building analytics engineering tooling for the data analyst. "Our mission is to empower analysts to create and disseminate organizational knowledge," said Handy. "This investment will allow us to further ramp hiring on product and engineering in order to build the future we've believed in for half a decade." dbt Labs will be hosting the second-annual analytics engineering conference, Coalesce, December 6-10, 2021.

Funding announcement

Fishtown Analytics raises $29.5M to build the future of analytics engineering with its open source product, dbt

Fishtown Analytics announced that it raised $29.5M in Series B financing. With this raise, the team will continue building dbt, its open source analytics engineering tool, and the community around it. The round was led by Sequoia Capital, with participation from existing investors Andreessen Horowitz and Amplify Partners. Sequoia partner, Matt Miller, will join Fishtown Analytics’ board. "Every company is becoming data driven, but the actual process of squeezing insights out of data is incredibly frustrating for most companies—and antiquated data engineering processes are to blame,” said Miller. “The Fishtown Analytics team is capitalizing on a market opening created by the cloud data warehouses and dared to imagine a new way to transform data with the elegance of code, which they call analytics engineering. We were taken aback by the strength of the community and the effusive user evangelism—across more than a dozen user interviews, the average net promoter score was greater than 10 out of 10, which is unheard of." Analytics engineering applies software development best practices to the production and maintenance of analytics code. The analytics engineering workflow cleans and transforms raw data into consumable information and business logic. This new approach to data transformation, built for the modern era of cloud warehousing, has found advocates among both startups and the Fortune 500. Benjamin Singleton, Director of Data Science & Analytics at JetBlue Airways, said, “The new workflow with dbt and Snowflake isn’t a small improvement. It’s a complete redesign of our entire approach to data that will establish a new strategic foundation for analysts at JetBlue to build on.” Today there are 3,000 companies using dbt as a core part of their analytics engineering workflow every week; 8,000 analytics engineering professionals in the dbt Slack community; and 490 paying customers orchestrating this workflow with dbt Cloud. This strong user adoption is matched by support from the broader ecosystem. Fishtown Analytics is now an Amazon Select Technology Partner and a Google Cloud Partner, Snowflake has qualified dbt as a Validated Technology, and Fivetran and Census data have recently released major integrations with dbt. The short timeframe between Fishtown Analytics’ Series A and its Series B is another signal that investors everywhere are bullish on the “modern data stack.” Snowflake’s recent IPO, Databricks’ rapid growth, and recent multi-billion-dollar acquisitions from Google (Looker) and Salesforce (Tableau) are all indicative of how big of a market opportunity exists in the space. “Organizations large and small continue to face tremendous challenges organizing data and making it available to decision-makers,” said Fishtown Analytics CEO, Tristan Handy. “The modern data stack—with dbt at its core—is resulting in more collaborative, productive, and impactful data teams.” The Series B gives Fishtown Analytics further runway to continue making aggressive investments in building the future of analytics engineering. “Our mission is to empower analysts to create and disseminate organizational knowledge,” said Handy. “When I look at the moment in time that we currently occupy, I see an opportunity to truly improve the lives of data analysts everywhere. We’re going to continue building higher-leverage analytics engineering tooling, better career paths, and a community of practice with deep social capital.” Fishtown Analytics is hosting the first analytics engineering conference, Coalesce, December 7th-11th.