Fivetran Achieves “Unicorn” Status With $100 Million Series C Financing

Fivetran, an automated data integration company, has achieved "Unicorn" status with a $100 million Series C financing led by General Catalyst and Andreessen Horowitz. The funding will be used to accelerate global expansion and drive adoption in the enterprise market. Despite recent economic uncertainty, Fivetran has continued to grow rapidly as customers see the opportunity to reduce their total cost of ownership by adopting its product instead of highly customized, in-house ETL pipelines that require constant maintenance. The company's core architecture is designed from the ground up to automatically normalize complex data sources, recover from failures without human intervention, and leverage the capabilities of analytical databases such as Snowflake, Redshift, BigQuery, and Databricks. Fivetran aims to make access to data as simple and reliable as electricity.