Fivetran, the analytics data firm based out of Oakland, California has picked a $15 million in Series A investment. The round was led by Matrix Partners. Prior to this, the firm which attended the class of Y Combinator had raised $4 million in seed investment from Y Combinator and ACE & Company.
The company said that it will use the fresh capital to scale their operations and increase the features and data sources. The company was started in 2012 by George Fraser, Taylor Brown as a platform that can help move data from various sources to data warehouses. For example, if you want to move your data repositories from Salesforce and NetSuite to a warehouse, like Snowflake or analytics tools like Looker, Fivetran will do that for you.
Talking on how the firm is different from the competitors like Informatica and SnapLogic, Fraser said, “What makes Fivetran different is that it’s an automated data pipeline to basically connect all your sources. You can access your data warehouse, and all of the data just appears and gets kept updated automatically."
Ilya Sukhar, a general partner at Matrix Partners will be joining the board of the company as part of the deal. Sukhar through a statement said that “We’ve gone from companies talking about the move to the cloud to preparing to execute their plans, and the most sophisticated are making Fivetran, along with cloud data warehouses and modern analysis tools, the backbone of their analytical infrastructure."
The company counts some top names like Square, WeWork, Vice Media, Taylor & Francis Group, LendInvest, Babyshop Group, Brandwatch, and Monzo Bank as their customers whom they serve from their offices across the globe.
Image Courtesy : fivetran