dbt Labs

About dbt Labs

Financials

Dated, source-cited figures. Estimates are marked.

Products by dbt Labs

All products by dbt Labs reviewed by our AI panel of experts.

DbtAI Analytics

SQL-based data transformation tool for analytics engineering workflows

From $100/mo8.4/10

Competitive Landscape

Who dbt Labs competes with, and how they differ.

C

Coalesce

Coalesce sells a GUI-driven, column-aware transformation platform top-down to enterprise warehouse teams (originally Snowflake-centric), versus dbt's code-first, open-source workflow adopted bottom-up by analytics engineers.

Databricks8.4/10

Databricks builds transformation natively into its lakehouse via Lakeflow Declarative Pipelines (formerly Delta Live Tables), competing for the pipeline layer dbt occupies — though dbt also runs on Databricks, making it part rival, part platform partner.

1 product reviewed on TopReviewed

Google Cloud7.9/10

Google Cloud's Dataform (acquired 2020) offers dbt-style SQL pipeline development bundled at no extra cost inside BigQuery — a single-warehouse alternative to dbt's cross-platform, vendor-neutral transformation layer.

2 products reviewed on TopReviewed

M

Matillion

Matillion sells low-code ELT with visual pipeline design and credit-based pricing, bundling ingestion and transformation in one managed product for enterprise data teams, where dbt focuses purely on in-warehouse SQL transformation.

Company Timeline

Key milestones in dbt Labs's history, with sources.

1. Jun 1, 2026Acquisition

   Fivetran–dbt Labs merger completed

   The all-stock merger closed on June 1, 2026. George Fraser serves as CEO and Tristan Handy as President; dbt Core v2.0 was open-sourced under Apache 2.0.

   fivetran.com
2. Oct 13, 2025Acquisition

   All-stock merger with Fivetran announced

   Definitive agreement for a combined company approaching $600M ARR, with Fivetran's George Fraser as CEO and Tristan Handy as President; dbt Core to remain open source under its current license.

   fivetran.com
3. May 28, 2025Launch

   Launched the dbt Fusion engine

   Rust-based engine with native SQL comprehension built on the SDF Labs acquisition, parsing projects up to 30x faster than dbt Core.

   prnewswire.com
4. Feb 5, 2025Milestone

   Surpassed $100M in annual recurring revenue

   Company-announced milestone, scaling from $2M ARR in four years, with 5,000+ dbt Cloud customers and 50,000 teams using dbt weekly.

   prnewswire.com
5. Jan 14, 2025Acquisition

   Acquired SDF Labs for high-speed SQL comprehension

   Seattle-based SDF Labs built a multi-dialect SQL compiler and static-analysis engine; its team, including CEO Lukas Schulte, joined dbt Labs. Terms were not disclosed.

   finance.yahoo.com
6. Feb 8, 2023Acquisition

   Acquired Transform to power the dbt Semantic Layer

   Transform's MetricFlow semantic-layer technology and most of its 30-person team joined dbt Labs. dbt then counted 19,000 companies using it and 3,000+ paid dbt Cloud customers.

   techcrunch.com
7. Feb 24, 2022Funding

   Series D — $222M led by Altimeter at a $4.2B valuation

   Participants included Databricks, Snowflake, Salesforce Ventures, Coatue, GIC, Iconiq and Tiger Global. Forbes reported the target valuation was trimmed from $6.2B amid the early-2022 tech selloff.

   forbes.com
8. Jun 30, 2021Funding

   Series C — $150M led by Altimeter, Sequoia and Andreessen Horowitz

   Closed alongside the rebrand to dbt Labs, with participation from Amplify Partners, seven months after the Series B.

   prnewswire.com
9. Jun 30, 2021Milestone

   Fishtown Analytics rebrands as dbt Labs

   The company renamed itself after its flagship open-source product, announced alongside its Series C. dbt was then used by 5,500 companies with 1,000 dbt Cloud customers.

   prnewswire.com
10. Nov 11, 2020Funding

    Series B — $29.5M led by Sequoia Capital

    Sequoia led the round seven months after the Series A, with prior investors Andreessen Horowitz and Amplify Partners participating.

    techcrunch.com
11. Apr 22, 2020Funding

    Series A — $12.9M led by Andreessen Horowitz

    a16z general partner Martin Casado joined the board. At the time more than 1,700 companies used dbt and dbt Cloud had 250+ customers.

    techcrunch.com
12. 2016Founded

    Founded in Philadelphia as Fishtown Analytics

    dbt was created in 2016 at RJMetrics as an open-source data transformation tool; the team behind it, led by Tristan Handy, operated as Philadelphia-based Fishtown Analytics to commercialize analytics engineering.

    en.wikipedia.org