SERIES A Accel leads $11M round, total funding ~$19.4M OPEN SOURCE 5,000+ data teams run Lightdash on dbt AI Scoped agents answer questions in Slack, grounded in the semantic layer CUSTOMERS Workday - Hypebeast - Beauty Pie - Morning Brew GROWTH Revenue up ~7x year over year ORIGIN Started as Hubble in Y Combinator S20 SERIES A Accel leads $11M round, total funding ~$19.4M OPEN SOURCE 5,000+ data teams run Lightdash on dbt AI Scoped agents answer questions in Slack, grounded in the semantic layer CUSTOMERS Workday - Hypebeast - Beauty Pie - Morning Brew GROWTH Revenue up ~7x year over year ORIGIN Started as Hubble in Y Combinator S20
Company Profile · Business Intelligence

Lightdash.

The open-source BI tool that turns your dbt models into answers - for humans, and now for AI.

Open Source dbt-native San Francisco Founded 2020 Backed by Accel
Lightdash logo
THE MARK. A lightning bolt for a company that promises analytics at the speed of code. Behind it: two engineers who got tired of BI tools that were never built for the way data teams actually work.
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The Story

A BI tool for people who don't trust their BI tool

Every data team keeps a small, embarrassing secret: somewhere in the company, the same number appears in three dashboards and none of them agree. Lightdash is a business intelligence platform built around a simple, slightly stubborn idea - that the fix is not another dashboard, but a single place where each metric is defined once, in code, and everyone else reads from it.

The company started in 2020 as Hubble, a project in Y Combinator's Summer 2020 batch, before rebranding to Lightdash in 2021. Its founders, Hamzah Chaudhary and Oliver Laslett, had worked together on a data team at a UK insurtech and noticed something that sounds obvious once you say it out loud: the metrics they produced only became useful when they landed inside a BI tool - and no BI tool on the market had actually been designed for the modern data stack they were using.

The modern data stack, in this telling, has a center of gravity called dbt - the tool data teams use to transform raw warehouse tables into clean, tested models. dbt is where the business logic lives. Yet most BI tools treat dbt as an afterthought, re-defining metrics in a separate, proprietary layer that promptly drifts out of sync. Lightdash's answer was to build on top of dbt rather than beside it. Connect a dbt project and Lightdash reads the models, the descriptions, the tags. Define a metric in YAML next to the model that produces it, and that definition becomes the one everyone queries.

This is a modest-sounding technical decision with a large strategic consequence. It puts your metrics in version control. That means you can review them in a pull request, test them in CI, and - the part incumbents quietly dislike - move them somewhere else if you want to. Lightdash likes to describe this as an open semantic layer, and the emphasis on "open" is doing real work. Looker, the tool it is most often compared to, keeps its semantic layer in a proprietary language inside Google's walls. Lightdash keeps yours in your repo.

None of this would matter if only SQL wizards could use it, so Lightdash spends its other half of effort on the people who can't write SQL: the marketer, the operations lead, the founder who just wants to know whether Tuesday was good. They get charts, dashboards, and self-serve exploration without touching a query. The company's own framing is that the product should be "configurable for the SQL experts and intuitive for the rest." That is harder than it looks, and it is roughly the whole game.

"Good data tools are rare. Good data teams are rarer. We're building both." - Lightdash, on what it's actually building
By The Numbers

The receipts

$19.4M
Total raised
5,000+
Teams on open source
~7x
Revenue growth YoY
2020
Founded (YC S20)
What You Can Do With It

Four things, one source of truth

Semantic Layer

Define metrics as code

Declare metrics in YAML alongside your dbt models. Lightdash auto-generates dimensions and syncs descriptions and tags, so business logic sits right next to the transformations that produce it.

Self-Serve

Explore without SQL

Non-technical users click through governed data to build charts and dashboards. Same definitions, same numbers - no ticket to the data team, no query editor required.

BI as Code

Ship dashboards through git

Review, test and merge BI changes with version control, CLI tools, preview environments and CI/CD - so a critical metric never silently breaks in production.

Agentic BI

Ask AI agents in Slack

Create scoped agents - a marketing agent, a sales agent - that answer natural-language questions grounded in the semantic layer. An MCP server lets tools like Claude and Cursor query the same governed metrics.

Every query runs through your governed semantic layer. That means reliable, consistent results - the AI answers from your defined metrics, not from raw tables it might misread. - The design principle behind Lightdash AI
Follow The Money

Three rounds, one thesis

Investors keep backing the same bet: that an open, developer-first BI tool can grow bottom-up through 5,000+ open-source installs and convert into an enterprise business. The October 2024 Series A, led by Accel, brought total funding to roughly $19.4M.

Seed · 2021 · Moonfire, Y Combinator$2.4M
Seed · Oct 2022 · Moonfire, Y Combinator$8.4M
Series A · Oct 2024 · Accel, Shopify Ventures, Operator Partners$11M

Angels include Shuo Wang (co-founder, Deel) and Michael Grinich (CEO, WorkOS).

The Timeline

Hubble to agentic BI

2020

Founded as Hubble in YC S20

Hamzah Chaudhary and Oliver Laslett start the company and join Y Combinator's Summer 2020 batch.

2021

Open source launch and rebrand

First GitHub commit in April, an open-source BI launch on Hacker News in June, and a rebrand from Hubble to Lightdash.

2022

$8.4M seed and Lightdash Cloud

Raises $8.4M and launches a hosted cloud service with security and governance features.

2024

$11M Series A and first AI analyst

Accel leads an $11M round with Shopify Ventures and Operator Partners; Lightdash ships its first AI data analyst.

2025

Doubling down on the open semantic layer

Presents at the Databricks Data + AI Summit, positioning the open semantic layer as the foundation for AI-first analytics.

The Field

Who else is in the room

Lightdash competes with the establishment - Looker, Tableau, Power BI - and with the newer wave of modern-data-stack tools like Metabase, Cube, Sigma and Mode. Its wedge is deliberately narrow: open source, dbt-native, code-first. When you're a small distributed team taking on billion-dollar incumbents, owning one wedge completely beats competing on breadth.

LookerTableauPower BIMetabaseCubeSigmaMode
Questions

The obvious ones

What is Lightdash?

An open-source business intelligence platform built on dbt. It turns your dbt models into a governed semantic layer so teams can explore data, build dashboards and ask AI agents questions - without writing SQL.

How is it different from Looker?

Lightdash is open source and dbt-native. Metrics are defined as code alongside dbt models and live in version control, making them portable and reviewable, rather than locked inside a proprietary modeling language.

Who founded Lightdash, and when?

It was founded in 2020 by Hamzah Chaudhary (CEO) and Oliver Laslett (CTO), originally under the name Hubble as part of Y Combinator's S20 batch.

How much has it raised?

Roughly $19.4M total, including an $8.4M seed in 2022 and an $11M Series A led by Accel in October 2024, with Shopify Ventures, Operator Partners and Y Combinator participating.

Do the AI agents make up numbers?

They're designed not to. Agents are grounded in the governed semantic layer, so they answer from defined metrics in your dbt models rather than querying raw tables - reducing hallucinated or inconsistent results.