Hevo Raises $ 30 Million in Series B Funding Led by Sequoia Capital
BENGALURU : Software-as-a-service startup Hevo Data said on Friday it had raised $ 30 million in a Series B funding round led by Sequoia Capital India.
The cycle also saw the participation of Qualgro, Lachy Groom, Chiratae Ventures and several high profile angel investors.
According to the company, she will use the funds raised to ramp up sales and marketing efforts, double the focus on creating new products, as well as building teams in the United States and Europe.
Four-year-old startup Hevo provides a self-service automated platform that loads data quickly and reliably from any source into popular cloud data warehouses like Snowflake, Google BigQuery, Amazon Redshift and others.
Hevo helps businesses combine data from multiple disparate sources and applications including customer relationship management (CRM), advertising channels, marketing technologies, financial system software, and customer support products to empower businesses get up-to-date data ready for analysis in their warehouse; and build a 360-degree view of their business and customers.
“Our mission is to empower every business and individual to unlock their true potential by leveraging data-driven decision making. Traditionally, companies had to build a large team of engineers to solve this problem. Our code-less approach provides an easy-to-use solution that eliminates technical complexities, eliminating data silos within organizations, ”Manish Jethani, Co-Founder and CEO of Hevo Data.
Currently, Hevo supports over 100 prebuilt integrations in databases, SaaS applications, cloud storage, SDKs, and streaming services.
The startup currently has clients in more than 40 countries in the United States, Europe and the Asia-Pacific regions.
“Hevo Data is building a basic infrastructure to enable two-way data mobility. The more mobile data becomes within organizations, the more useful it will be. We are impressed with the company’s product DNA – the secret behind this highly regarded product combines the duality of technical sophistication and the consumer grade experience, ”said Tejeshwi Sharma, Managing Director of Sequoia India.
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