Fivetran

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]

Fivetran
TypePrivate
IndustryData warehousing,
Founded2012 (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

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initially funded through Y Combinator in 2013.[5] The founders pivoted when they identified an opportunity to modernize outdated data storage and analytics processes, in the area of extract, transform and load (ETL).[2] The company brought on its first customer in 2015.[5]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. "Data integration giant Fivetran raises $565M and acquires HVR". VentureBeat. September 20, 2021. Retrieved November 14, 2021.
  2. "Silicon Valley startups look to plug gaps in data value chain". Computer Weekly. April 9, 2019. Retrieved November 14, 2020.
  3. "Fivetran acquires Teleport Data to address database replication challenges". VentureBeat. June 24, 2021. Retrieved November 14, 2021.
  4. "Fivetran snares $100M Series C on $1.2B valuation for data connectivity solution". Techcrunch. June 30, 2020. Retrieved November 14, 2021.
  5. "Fivetran Is The Cloud's Newest Unicorn With $1.2 Billion Valuation". Forbes. June 30, 2020. Retrieved November 14, 2021.
  6. "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. "Andreessen-Backed Fivetran Valued at $5.6 Billion". Bloomberg. September 20, 2021. Retrieved November 15, 2021.
  9. "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.
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