Rivery raises $16 million series A to expand SaaS DataOps platform
The Israeli startup is the latest company to ride the shift to the cloud and plans to use the money to scale its solution, including data ingestion, orchestration, and transformation capabilities
Israeli startup Rivery, which has developed a DataOps platform, is the latest company to ride the shift to the cloud, announcing on Tuesday that it has raised $16 million in a series A financing round led by Entrée Capital and existing investor State Of Mind Ventures (SOMV).
Rivery has built a SaaS DataOps platform that gives companies control over their organizational data through the ingestion, transformation, and orchestration of data processes. Since launching in 2019, Rivery has added hundreds of customers and seen 500% growth with enterprise companies, including Bayer, American Cancer Society, WalkMe, Entravision and Preqin.
Rivery staff. Photo: Shlomi Pinto
"This new round of funding is an exciting milestone for Rivery, and validation that the massive cloud data industry is looking for a centralized DataOps platform," said Itamar Ben Hemo, co-founder and CEO of Rivery. "DataOps platform is empowering companies to centralize, control, automate, and orchestrate all of their data flows - in the cloud.”
The new funding round will be used to accelerate growth across business and R&D teams. The company plans to triple in size globally, and currently there are 60 open positions to be filled in 2021.
Rivery’s approach to DataOps and data management incorporates automation and actionable logic into the traditional data ETL/ELT (extract, transform, and load) processes.
Rivery is a Premier Technology Partners with Snowflake, and also has partnerships with Microsoft Azure, Amazon’s AWS, Google Cloud, Looker Analytics, and Tableau.
“Rivery is bringing a fresh approach to an old problem - how to move and transform data," said Avi Eyal, co-founder and Managing Partner at Entrée Capital. "The team has built a platform that companies not only love, but also trust to make a core part of their technology stack.”