The automated data integration company Fivetran has recently announced that it raised $100 million Series C in a funding round. Andreessen Horowitz and General Catalyst led the financing, in association with old investors, CEAS Investments, and Matrix Partners.
With this funding, the company will focus on its global expansion amid the ongoing economic downturn. Besides, it will boost enterprise adoption and widen the library of data connectors. Trevor Oelschig, MD at General Catalyst, mentioned in a statement, “We are in the midst of an enormous shift of data warehousing to the cloud.”