Fivetran

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Fivetran
TypePrivate
IndustryData warehousing,
Founded2012; 10 years ago (2012)[1]
FoundersGeorge Fraser
Taylor Brown[2]
HeadquartersOakland, California
Key people
George Fraser (CEO)
Taylor Brown (COO)
ProductsAutomated data integration software for extract, transform, load (ETL)
Number of employees
600 (June 2021)[3]
Websitefivetran.com

Fivetran is an Oakland, California-based technology company that develops a SaaS data integration service for companies to extract, transform and load (ETL) data from different sources into data warehouses.[4][1]

History[]

Fivetran was founded in Oakland, California in 2012 by George Fraser and Taylor Brown.[2] The name Fivetran is a play on the Fortran computing language, but has no hidden meaning.[2]

The company was launched as a business intelligence company that analyzed data and provided visualizations.[5] The company was initially funded through Y Combinator in 2013.[5] The founders pivoted when they identified an opportunity to modernize outdated data storage and analytics processes, in the area of extract, transform and load (ETL).[2] The company brought on its first customer in 2015.[5]

In January 2018, the company opened an EMEA office in Dublin, Ireland.[2] In December, it raised $15 million with a Series A funding round.[6]

In September 2019, it raised $44 million in a Series B.[6]

In June 2020, the company announced a $100 million Series C funding round, valuing it at $1.2 billion.[4]

In June 2021, the company acquired data replication company Teleport Data.[3] In August, the company was ranked at #31 on Forbes' Cloud 100 list of the world's top private cloud companies.[7] In September, Fivetran announced a $565 million investment that reportedly valued the company at $5.6 billion.[1] The round was led by investment firm Andreessen Horowitz.[8] Also in September, Fivetran announced it had acquired data integration competitor HVR for $700 million in stock and cash.[9]

Products[]

Fivetran develops software that allows companies to extract data from multiple sources, called data silos, and store them for easier access in data warehouses on the computing cloud.[9] Data integration tasks are automated using pre-built data connectors and transformation capabilities which provide connectivity between Software-as-a-Service applications.[10] The company's software allows data to be shared by different applications such as Salesforce, Box or Airtable; databases like PostgreSQL; or data repositories like Snowflake or Databricks.[9]

Operations[]

Fivetran is headquartered in Oakland, California, with offices worldwide.[11] As of June 2021, it had 600 employees, and reported over 2,000 customers, including Square, Inc., DocuSign, Conagra and Forever 21.[3][8] George Fraser is the company's CEO.[2]

References[]

  1. ^ a b c "Data integration giant Fivetran raises $565M and acquires HVR". VentureBeat. September 20, 2021. Retrieved November 14, 2021.
  2. ^ a b c d e f "Silicon Valley startups look to plug gaps in data value chain". Computer Weekly. April 9, 2019. Retrieved November 14, 2020.
  3. ^ a b c "Fivetran acquires Teleport Data to address database replication challenges". VentureBeat. June 24, 2021. Retrieved November 14, 2021.
  4. ^ a b "Fivetran snares $100M Series C on $1.2B valuation for data connectivity solution". Techcrunch. June 30, 2020. Retrieved November 14, 2021.
  5. ^ a b c "Fivetran Is The Cloud's Newest Unicorn With $1.2 Billion Valuation". Forbes. June 30, 2020. Retrieved November 14, 2021.
  6. ^ a b "Fivetran will expand EMEA footprint from Dublin after $44m raise". Silicon Republic. April 9, 2019. Retrieved November 14, 2020.
  7. ^ "The Cloud 100". Forbes. Retrieved November 15, 2021.
  8. ^ a b "Andreessen-Backed Fivetran Valued at $5.6 Billion". Bloomberg. September 20, 2021. Retrieved November 15, 2021.
  9. ^ a b c "Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M". Techcrunch. September 20, 2021. Retrieved November 15, 2021.
  10. ^ "Fivetran Expands Data Integration Tech Capabilities With HVR Acquisition". CRN. September 21, 2021. Retrieved November 15, 2021.
  11. ^ "Fivetran plans new jobs for Dublin after $100m funding and unicorn status". Silicon Republic. June 30, 2020. Retrieved November 15, 2021.

External links[]

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