Fivetran Extends Record Growth Globally, Bolsters Executive Team
Former Snowflake CEO Bob Muglia Joins Board of Directors
Fivetran, an automated data integration provider, announced enterprise software veteran Bob Muglia will join its board of directors just as the company continues its explosive growth trend. Fivetran provides the most accurate and reliable way to automate data integration, a critical solution as companies across industries race to become data-driven. Within the past year, Fivetran has grown its customer base by 75 percent, now standing at just over 1,000 companies with 7,786 users worldwide. In the same period, Fivetran increased revenue by more than 150 percent and more than doubled its global team, which is now at approximately 300 employees, and expanded its footprint across the globe with a new office in Bengaluru.
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The growing Fivetran customer roster includes global companies including Everlane, ClassPass, Conagra Brands, DocuSign, Jumeirah International, Kiva, Lime, Monzo Bank, Optimizely, Talkdesk, Urban Outfitters, and Square.
“Our company’s sustained strong growth reflects the critical need companies have to become data-driven in order to effectively compete in today’s digital economy,” said George Fraser, CEO of Fivetran. “We enable our customers to conduct data analytics programs by ensuring they have all their data in one place, in real-time and reliably – without complex engineering. Our pre-built connectors replace the need to waste time building connectors to each individual data source, automating the process within minutes. Our customers tell us they love Fivetran because ‘it just works.’”
The leadership of Fivetran in automated data integration stems from its ability to remove the final barrier to widespread adoption of data analytics programs centralization into data warehouses and data lakes. Working with all major cloud providers, including Google Cloud, AWS, Microsoft Azure, Snowflake and Databricks, Fivetran makes the resource-intensive struggle to build and maintain data connectors to each individual data source a thing of the past. Fivetran pre-built connectors automate the entire process enabling teams to focus on business intelligence, process enhancement, machine-learning and other business-critical activities instead.
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Muglia will advise Fivetran through its next phases of its global expansion. Most recently, Muglia served as CEO of cloud-based data-warehousing startup Snowflake for five years and played a pivotal role in the company’s exponential growth and fundraising.
“Fast, accurate, and reliable access to business data are more important than ever. In today’s world, every SaaS and internal application contains critical data that is needed for optimal decision making. Fivetran makes it easy and cost effective to connect all of these data sources to a modern cloud data warehouse,” said Muglia. “The team at Fivetran have created a truly unique product that, while complex to engineer, is as simple to operate as it is reliable. It’s no surprise they’re now the fastest growing data integration provider and I expect that position to grow as they are poised to become a pivotal player in the cloud ecosystem.”
Fivetran is backed by Andreessen Horowitz (a16z), Matrix Partners and CEAS Investments. In September, Fivetran announced it received $44 million in Series B funding, bringing its total funding to approximately $60 million.
Over the past year, the company has also been the recipient of numerous awards, including the Deloitte Fast 500, Gartner Insights Customer Choice, Y Combinator Top Companies and as a Great Place to Work. Fivetran was recently named to the Enterprise Tech 30 for 2020.