George Fraser and Taylor Brown founded the company in 2012 and participated in the YC W13 cohort of Y Combinator. It raised an estimated $120,000.
George Fraser is the CEO and Co-founder of Fivetran. The company builds automated data pipelines that centralize data from various sources like Netsuite and Salesforce into cloud-based data warehouses like Snowflake, Amazon Redshift, Microsoft Azure and Google BigQuery.
Fivetran data pipelines replicate business data from different sources into cloud data warehouses and automatically update changes. Customers can then use business intelligence tools to build dashboards for live analytics. Hence, Fivetran can be used to integrate data sources to generate key performance indicators (KPIs) and other insights into an organization’s performance. Fivetran data pipelines represent a modern approach to data engineering known as ELT (extract, load, transform), as opposed to the more traditional method of ETL (extract, transform, load).
Fivetran has raised $15.1 million from Matrix Partners, Y Combinator, Otter Consulting and Tim Draper. Ilya Sukhar, the general partner at Matrix Partners, joined the Fivetran board under the terms of the deal.
Fivetran raises a $100 million Series C round of financing led by Andreessen Horowitz and General Catalyst, giving the company a valuation of $1.2 billion.