dbt Labs builds dbt, an open-source data transformation tool and cloud platform used to model, test, and document analytics data pipelines. It is used by thousands of teams to make data transformation more reliable and faster for analytics workflows.
UpMarket does not offer dbt Labs shares. This page covers dbt Labs's history before the acquisition.
Status
Acquired
By Fivetran, Jun 2026
Last Private Valuation
Not confirmed
Not confirmed by two independent reputable sources
How to Review dbt Labs's Funding History on UpMarket
dbt Labs was acquired by Fivetran in June 2026 and no longer has shares of its own. UpMarket does not offer dbt Labs shares. This page covers dbt Labs's valuation and funding history before the acquisition.
Step 01
Check the acquisition details
dbt Labs was acquired by Fivetran in June 2026.
Step 02
Review the valuation history
See how dbt Labs's private-market valuation changed across funding rounds before the acquisition.
Step 03
Review funding and revenue data
See reported funding rounds and revenue figures on this page, with their sources.
Step 04
Explore private companies
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Valuation Growth Over Time
Post-money valuation by round
Previous roundsMost recent
Date
Round
PPS (split-adj.)
Valuation
dbt Labs Revenue and Growth
Annual revenue
Why Investors Are Watching dbt Labs
Growth Signal
dbt Labs passed $100M ARR and 5,000 Cloud customers
dbt Labs said it surpassed $100 million in annual recurring revenue in February 2025, up from $2 million ARR four years earlier. The company also said dbt Cloud had more than 5,000 customers, with 30% year-over-year growth.
Competitive Moat
dbt powers 50,000+ teams with a standardized SQL layer
First Round Review said dbt Labs’ platform is used by more than 50,000 teams every week, reflecting broad workflow embedding. Contrary Research describes dbt as modular SQL plus software engineering best practices for reliable, automated data transformation.
Market Opportunity
dbt is moving from open source tool to data stack hub
A 2025 growth analysis says dbt Labs evolved from an open-source SQL tool into the orchestration center of the modern data stack. It now sells enterprise features and AI-integrated workflows to mid-market and enterprise data teams.
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No. dbt Labs was acquired by Fivetran in June 2026 and no longer has shares of its own. UpMarket does not offer dbt Labs shares.
dbt Labs has no stock price of its own since its acquisition by Fivetran. The prices shown on this page are historical private-market prices from before the acquisition.
No. dbt Labs was acquired by Fivetran and UpMarket does not offer dbt Labs shares. Accredited investors interested in companies that have not yet gone public can review UpMarket's current pre-IPO offerings.
dbt Labs is no longer an independent company, so its shares are not available to buy. This page is kept for its historical funding and valuation data. UpMarket does not offer dbt Labs shares.
In a pre-IPO transaction, accredited investors purchase shares from existing shareholders (such as employees, early investors, or other holders) through secondary market platforms. The company itself does not issue new shares in these transactions. UpMarket facilitates these trades as a FINRA-registered broker-dealer, handling compliance, documentation, and settlement on behalf of both parties.
dbt Labs was acquired by Fivetran in June 2026. What former shareholders received, cash or shares of the buyer, was set by the terms of the acquisition.
UpMarket does not offer dbt Labs shares. The minimum for most pre-IPO offerings on UpMarket is $50,000.
dbt Labs's last valuation was set by its acquisition by Fivetran. The figures on this page show its valuation history before the acquisition.
dbt Labs builds dbt, an open-source data transformation tool and cloud platform used to model, test, and document analytics data pipelines. It was acquired by Fivetran in Jun 2026. UpMarket does not offer its shares.
