Fivetran is now worth $1.2 billion thanks to new funding

Fivetran reaches coveted “unicorn” status after receiving Series C financing

Unicorn in a field

Data storage start-up Fivetran has announced that it has received $100 million in Series C financing co-led by General Catalyst and Andreessen Horowitz.

In a recent blog post, the company said it plans to use this money to “accelerate global expansion and drive adoption in the enterprise market.”

The Oakland-based tech startup helps businesses streamline the moving of data storage into the cloud. 

The added funding pushes the company into “unicorn” status, that is, a startup that reaches the $1 billion mark in value.

Fivetran was started in 2013 by George Fraser and Taylor Brown when they realized that businesses did not have any great options for transferring their data storage to the cloud. Their product boasts: "After a five-minute setup, Fivetran replicates all your applications, databases, events and files into a high-performance data warehouse.”

Despite unicorn status being hard to achieve, there are over 475 in existence today. The U.S. and China are the top two unicorn producing countries, but the US is gaining steam with nearly one new tech unicorn per month.

Companies can also reach "decacorn" or "hectocorn" status by reaching $10 billion and $100 billion valuations respectively.

Featured Resources

BIOS security: The next frontier for endpoint protection

Today’s threats upend traditional security measures

Download now

The role of modern storage in a multi-cloud future

Research exploring the impact of modern storage in defining cloud success

Download now

Enterprise data protection: A four-step plan

An interactive buyers’ guide and checklist

Download now

The total economic impact of Adobe Sign

Cost savings and business benefits enabled by Adobe Sign

Download now

Recommended

VMware and Nvidia working to enable next-gen hybrid cloud architecture
VMware

VMware and Nvidia working to enable next-gen hybrid cloud architecture

29 Sep 2020
What is Gaia-X? A guide to the EU’s unified cloud ecosystem
public cloud

What is Gaia-X? A guide to the EU’s unified cloud ecosystem

21 Sep 2020
NordLocker encryption heads to the cloud
encryption

NordLocker encryption heads to the cloud

21 Aug 2020
Best NAS drives 2020
network attached storage (NAS)

Best NAS drives 2020

19 Feb 2020

Most Popular

16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

16 Sep 2020
16 ways to speed up your laptop
Laptops

16 ways to speed up your laptop

16 Sep 2020
Nokia will replace Huawei as BT's largest 5G equipment provider
5G

Nokia will replace Huawei as BT's largest 5G equipment provider

29 Sep 2020