Company:Fivetran
 | |
| Type | Private |
|---|---|
| Industry | Data warehousing, |
| Founded | 2012[1] |
| Founders | George Fraser Taylor Brown[2] |
| Headquarters | Oakland, California |
Key people | George Fraser (CEO) Taylor Brown (COO) |
| Products | Automated data integration software for extract, transform, load (ETL) |
Number of employees | 839 (January 2022)[3] |
| Website | fivetran |
Fivetran is an Oakland, California-based technology company that develops a SaaS data integration service for companies to extract, load and transform (ELT) 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initially funded through Y Combinator in 2013.[5] The founders pivoted when they identified an opportunity to modernize outdated data storage and analytics processes, in the area of extract, transform and load (ETL).[2] The company brought on its first customer in 2015.[5]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.[7] In August, the company was ranked at #31 on Forbes Cloud 100 list of the world's top private cloud companies.[8] 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.[9] Also in September, Fivetran announced it had acquired data integration competitor HVR for $700 million in stock and cash.[10]
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.[10] Data integration tasks are automated using pre-built data connectors and transformation capabilities which provide connectivity between Software-as-a-Service applications.[11] 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.[10]
Operations
Fivetran is headquartered in Oakland, California, with offices worldwide.[12] As of June 2021, it had 600 employees, and reported some 2,000 customers, including Square, Inc., DocuSign, and other firms.[7][9] George Fraser is the company's CEO.[2]
References
- ↑ 1.0 1.1 1.2 "Data integration giant Fivetran raises $565M and acquires HVR". VentureBeat. September 20, 2021. https://venturebeat.com/2021/09/20/data-integration-giant-fivetran-raises-565m-and-acquires-hvr/. Retrieved November 14, 2021.
- ↑ 2.0 2.1 2.2 2.3 2.4 2.5 "Silicon Valley startups look to plug gaps in data value chain". Computer Weekly. April 9, 2019. https://www.computerweekly.com/feature/Silicon-Valley-startups-look-to-plug-gaps-in-data-value-chain. Retrieved November 14, 2020.
- ↑ "100 Best Medium Workplaces: Fivetran". https://fortune.com/best-medium-workplaces/2022/fivetran/.
- ↑ 4.0 4.1 "Fivetran snares $100M Series C on $1.2B valuation for data connectivity solution". Techcrunch. June 30, 2020. https://techcrunch.com/2020/06/30/fivetran-snares-100m-series-c-on-1-2b-valuation-for-data-connectivity-solution/. Retrieved November 14, 2021.
- ↑ 5.0 5.1 5.2 "Fivetran Is The Cloud’s Newest Unicorn With $1.2 Billion Valuation". Forbes. June 30, 2020. https://www.forbes.com/sites/davidjeans/2020/06/29/fivetran-cloud-andreessen-horowitz-general-catalyst/. Retrieved November 14, 2021.
- ↑ 6.0 6.1 "Fivetran will expand EMEA footprint from Dublin after $44m raise". Silicon Republic. April 9, 2019. https://www.siliconrepublic.com/start-ups/fivetran-dublin-expansion-emea. Retrieved November 14, 2020.
- ↑ 7.0 7.1 "Fivetran acquires Teleport Data to address database replication challenges". VentureBeat. June 24, 2021. https://venturebeat.com/2021/06/24/fivetran-acquires-teleport-data-to-address-database-replication-challenges/. Retrieved November 14, 2021.
- ↑ "The Cloud 100". Forbes. https://www.forbes.com/cloud100/#2ec2c28c5f94. Retrieved November 15, 2021.
- ↑ 9.0 9.1 "Andreessen-Backed Fivetran Valued at $5.6 Billion". Bloomberg. September 20, 2021. https://www.bloomberg.com/news/articles/2021-09-20/andreessen-backed-fivetran-valued-at-5-6-billion-following-deal. Retrieved November 15, 2021.
- ↑ 10.0 10.1 10.2 "Fivetran hauls in $565M on $5.6B valuation, acquires competitor HVR for $700M". Techcrunch. September 20, 2021. https://techcrunch.com/2021/09/20/fivetran-hauls-in-565m-on-5-6b-valuation-acquires-competitor-hvr-for-700m/. Retrieved November 15, 2021.
- ↑ "Fivetran Expands Data Integration Tech Capabilities With HVR Acquisition". CRN. September 21, 2021. https://www.crn.com/news/applications-os/fivetran-expands-data-integration-tech-capabilities-with-hvr-acquisition. Retrieved November 15, 2021.
- ↑ "Fivetran plans new jobs for Dublin after $100m funding and unicorn status". Silicon Republic. June 30, 2020. https://www.siliconrepublic.com/jobs-news/fivetran-jobs-dublin. Retrieved November 15, 2021.
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