hvr
Fivetran Raises $565 Million, Buys CDC Vendor HVR
Fivetran took a big step into the world of enterprise data integration today when it announced an Andreessen Horowitz-led $565 million round of financing and plans to acquire change data capture (CDC) vendor HVR for $700 million. The move positions the up-and-coming ETL company to further access exabytes of data stored in on-prem databases and ERP systems on behalf of its customers. The Series C round and acquisition position Fivetran to be at the forefront of the next generation of data integration and extract, transform, and load (ETL) capabilities. The nine-year-old, Oakland, California company has made its mark by simplifying the process of setting up pipelines that extract data from source systems–primarily SaaS applications running on clouds–and load it into cloud-based data warehouses. Today's news will help to expand Fivetran's footprint with on-prem systems, including the ERP applications at the heart of established enterprises.
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