Fivetran, which has turned traditional ETL inside out (to ELT) by moving transformation deep into cloud storage, has just added a complementary piece, and bulked up its finding to pump its valuation to $5.6 billion.
The acquisition is for HVR, which bulks Fivetran’s data replication technology with change data capture from a wide range of cloud and legacy on-premises databases. It’s a piece that complements Fivetran’s ELT cloud service by providing the change data capture that extracts upstream – and from on-premises databases. The HVR change-data-capture gets the data upstream, while Fivetran’s transformation technology massages the data downstream to feed it to the cloud analytics platform, whether it is called a data warehouse, data lake, or data lakehouse.
The new funding – which accounts for the HVR acquisition, multiplies Fivetran’s valuation almost fivefold. After a June 2020 funding round of $100 million, the company’s valuation just made it to unicorn territory at $1.2 billion.
Note: We have since updated this story after speaking with Fivetran CEO George Fraser. Click here for our take on where Fivetran will take the business now with HVR under its belt.
Source: https://www.zdnet.com/article/fivetran-buys-hvr-adds-565-funding/#ftag=RSSbaffb68
