dbt Labs has raised a total of $414.4 million in funding across multiple rounds, with a significant $222 million Series D round in February 2022 led by Altimeter Capital. Founded in 2016 and based in Philadelphia, dbt Labs develops data transformation tools like dbt Cloud and dbt Core, enabling teams to manage and model data within cloud warehouses. Backed by investors including Salesforce Ventures, Andreessen Horowitz, Sequoia Capital, and GIC, the company currently holds a valuation of $4.2 billion.