Fivetran, a data integration platform major enterprises can use to "extract, transform, and load" (ETL) data from myriad sources into their data warehouse, has raised $565 million in a series D round of funding at a $5.6 billion valuation. The Oakland, California-based company also announced plans to acquire HVR, which specializes in data replication for enterprises.
Data replication is the concept of storing duplicates of the same data in different locations, serving to improve data availability, accessibility, and resilience. By bringing HVR under its wing, Fivetran said it will be well-positioned to provide "modern analytics for the world's most business-critical data without compromising security, performance, or ease of use," according to a press release.
Founded in 2012, Fivetran had previously raised around $165 million, and its fresh cash injection could help fund its HVR acquisition -- the deal amounts to around $700 million, constituting a mixture of cash and stock. It also comes just a few months after Fivetran announced its first acquisition, when it bought database replication platform Teleport Data.
When the HVR deal closes, Fivetran said its customers will gain access to HVR's various data replication products, including its "change data capture" (CDC) offering that allows businesses to replicate data in real time. This includes automatically identifying changes to the source data and synchronizing these changes across systems.
Fivetran's series D round was led by Andreessen Horowitz, with participation from General Catalyst, CEAS Investments, Matrix Partners, Iconiq Capital, D1 Capital Partners, and YC Continuity.