DBT Labs General Director Tristan Handy said he has been a “beautiful beauty” for his data management company, which has reached $ 100 million in ARR.
Laboratories
In 2020, DBT Labs Data Analytical Tool It was a side project in a small Philadelphia -based counseling store with a sticky user base but negligible income. Five years and a pivot later, that tool is at the core of a fast -growing business with over 5,000 paying clients and more than $ 100 million in repeated annual income, said CEO Tristan Handy Forbes.
Handy founded the company, previously known as Fishtown Analytics, nearly a decade ago after his disappointments as a data analyst dealing with software clunky. Cloud -based data tools like Amazon Redshift and Fiveran had become popular, but developers did not know how to benefit as many of them, so he started a consulting business to help.
But while Handy worked with clients, he decided to build a tool that could make the tedious task of cleaning and converting data from one form to another as software engineer – with data engineers writing code and running tests instead of the “channel that touches things together.” It would make internal systems, which were often prone to disrupt any change, more reliable and more efficient. This, in turn, can help businesses be listed through disorganized data brains faster and find data patterns and points to help make decisions. It was “the best secret weapon of consulting,” Handy said.
Then Open with source with DBT Core (short for the “Built Data Tool”) in the premise that may be free publicity for its counseling service. But she was caught and continued to see sustainable adoption; Fishtown headed in 2020 and was reprinted as DBT laboratories to become a software company.
Its enterprise data management tool, DBT Cloud, is now used by about 50,000 teams, with income growing about 80% in the last two years. Companies like Conde Nast, Nasdaq and Siemens use DBT Labs products to simplify and form their data and collect new information from it.
“They have grown from a startup to a scale,” said Matt Miller, a partner in Sequoia who led Serie B $ 30 million in 2020. The company has built over 400m dollars in funds from years Other high -level investors along with Sequoia, including Altimeter, Amplify Partners and Andreessen Horowitz, earning a $ 4.2 billion rating in 2022.
As the companies moved to the Cloud and digitized their data between the global pandemic, the company received an initial incentive. Now another trend is the promotion of company growth: artificial intelligence. Enterprise executives are building new applications with generating and finding ways to use it to make more efficient. The essence of these efforts is good, clean data, giving DBT a new opening to provide tools that help make data easier for models to swallow. “He’s certainly a nice tail for us,” Handy said.
Miller said he first learned about the company through a behemoth data on his portfolio: $ 2.8 billion (2024 income) Snowflake. Part of the DBT scaling strategy is to act as a layer on top of different data depots such as databricks and snowflakes, where massive amounts of data are stored and processed, and “be the brain that works through them,” said Miller. In January, the company won SDF Labs, which develops software that analyzes how data is moving from one platform to another.
DBT Labs has recently added skills for its product that help people use natural language incentives to ask questions about their data and automate parts of a data engineering, such as quality testing of data and rotation of the documentation. The nine -year -old company plans to continue to focus on its warm energy users, adding more features to data practitioners, who have been very “undeserved” in terms of tools, said CEO Handy.
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