Fivetran, an Oakland, Calif.-based provider of an automated data integration technology platform for analysts to centralize data into cloud warehouses, raised $44m in Series B financing.
The round was led by Andreessen Horowitz, with participation from existing investors Matrix Partners and CEAS Investments. In conjunction with the funding, Martin Casado, general partner at Andreessen Horowitz, will join Fivetran’s board of directors.
The company intends to use the funds to advance its automated services to more sources and destinations, and scale operations, with plans to hire across all locations: Oakland, Denver, Dublin (Ireland) and Bangalore (India).
Led by George Fraser, co-founder and CEO, Fivetran provides a platform to continuously load data into a cloud warehouse. Prebuilt, zero-maintenance connectors deploy in minutes and completely replicate applications, databases, events and files — powering comprehensive business insights.
The solution protects the continuity of data projects with automatic schema migrations and micro-batch updates.
The company, which now serves more than 750 companies, including DocuSign, Lime, Optimizely and Urban Outfitters, recently launched Fivetran Transformations, a new tool that enables data teams to orchestrate in-warehouse SQL transformations with an automated and integrated tool.
FinSMEs
24/09/2019