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.
