Fivetran, an automated data integration provider, has announced that it has signed an agreement to acquire HVR. This acquisition coincides with its Series D fundraise of $565M, led by Andreesen Horowitz with participation from existing investors including General Catalyst, Matrix Partners, and CEAS, along with new investors D1 Capital Partners, Iconiq, and YC Continuity.
The company said in a statement, “HVR has spent decades putting together the team and technology to solve the hardest data pipeline problem there is: replicating mission-critical database management systems for the world’s largest enterprises. These systems contain the most valuable business data, but they’re the hardest to interact with precisely because they are so mission-critical. HVR’s technology can achieve a combination of light footprint, low latency, and high throughput that can’t be found anywhere else.”
It added, “Fivetran brings to the table a complementary set of expertise. Fivetran has spent years learning the intricacies of hundreds of SaaS tools used by modern businesses. We operate a managed service that hides the complexities of these tools from the user, and presents analysts with a simple, ready-to-query schema. As Fivetran has grown, we’ve learned the key requirements of operating a managed service that’s used by large enterprises with rigorous security requirements. These learnings are embodied in our Business Critical product, which will be the key platform for offering HVR’s technology as a managed service.”
Arya has been a part of the Content & Research Team at Hrnxt.com. She is a keen observer of economic developments, emerging businesses, people in business and keeps a tab on latest happenings in the business environment.