Automated data integration platform, Fivetran, has raised $565 million in a Series D round, consisting of new and existing investors. Andreessen Horowitz led the round with participation from existing investors General Catalyst, CEAS Investments, Matrix Partners, and others, along with new investors ICONIQ Capital, D1 Capital Partners and YC Continuity.
Additionally, Fivertan has entered into a definitive agreement to acquire HVR, one of the leading providers of enterprise data replication technology. The acquisition will allow Fivetran to provide breakthrough database replication performance along with enterprise-grade security to address the massive market for modernizing analytics for operational data associated with ERP systems, Oracle databases, and more.
“HVR is a recognized leader for enterprise database replication and shares our same vision – to make access to data as simple and reliable as electricity. Their product is the perfect complement to our automated data integration technology and will be instrumental for us to help enterprise organizations that want to improve their analytics with a modern data stack. The funding gives Fivetran the resources to expand our capabilities across all functions of the business and continue to accelerate our growth globally.” said George Fraser, CEO of Fivetran.
The combination of Fivetran and HVR complementary technologies will accelerate Fivetran’s mission. Anthony Brooks-Williams, CEO of HVR, said, “Combining HVR and Fivetran will enable a next-generation solution that will better inform business decisions by providing the freshest data available. We’re thrilled to be joining forces with Fivetran and look forward to what this incredible opportunity will provide for our growing team, partners and customers.”
Fivetran has raised $730 million to date. The company is now valued at $5.6 billion.
Fivetran customers will gain access to a broader range of high-performance data replication solutions, including HVR’s change data capture connectors and a secure, on-premise option for companies with legacy databases. HVR’s customers will have access to Fivetran’s broad range of pre-built, fully managed data connectors and transformation capabilities. The combined capabilities of Fivetran and HVR will enable modern analytics for the world’s most business-critical data without compromising security, performance or ease of use.
The Fivetran customer roster includes thousands of global companies such as ASICS, Autodesk, BJ’s Restaurants, Conagra Brands, DocuSign, Forever 21, Lionsgate, Square and Ziff Davis. HVR’s customers include dozens of Fortune 500 brands.
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Victor is an aspiring Data Scientist & is a Master of Science in Data Science & Big Data Analytics. He is a Researcher, a Data Science Influencer and also an Ex-University Football Player. A keen learner of new developments in Data Science and Artificial Intelligence, he is committed to growing the Data Science community.