62m iconiq growthsawersventurebeat code#
62m iconiq growthsawersventurebeat series#

Many customers even said they could not live without the solution.вЂќДЄlthough it only launched to the public this year, Hightouch now claims hundreds of B2C and B2B customers including NandoвЂ™s, Plaid, Kong, and Survey Monkey, and has gone from just 4 employees at the start of 2021 to 40 today.ДЇor its series B round, the San Francisco-based company - which now has a post-money valuation of $450 million - attracted a slew of institutional and angel investors, including Amplify, Bain, Y Combinator (YC), Afore, and Apache Airflow creator Maxime Beauchemin.ICONIQ Growth is a tech focused direct investment effort that is affiliated with ICONIQ Capital. вЂњOn the business side, the customer feedback was that reverse ETL is here to stay, and that there is willingness to pay for the solution. вЂњInvestors conducted interviews to learn more about the reverse ETL space and competitive landscape - many investors began these interviews even before speaking to us, because they wanted to better understand why data startups are experience such rapid growth,вЂќ Gupta said. Its latest cash injection apparently came about after its investors conducted a round of interviews with Hightouch customers and found a net promoter score ( NPS) of 9.5/10. Elsewhere, GitLab spun out a new open source ELT (extract, load, transform) platform called Meltano as an independent company.ДЇounded in 2018, Hightouch had previously raised around $14 million, the bulk of which arrived via a series A round announced just a few months ago. Matillion recently closed a $150 million round of funding at a $1.5 billion valuation, while Dbt Labs secured $150 million in funding, also at a $1.5 billion valuation. ItвЂ™s a been a busy year in the broader data integration space.

62m iconiq growthsawersventurebeat code#

вЂњHightouch gives everyone access to data in their tools without having to rely on any code or engineers.вЂќДЄbove: Hightouch: Getting data from the warehouse to business apps Data integration landscape вЂњEveryone needs access to data, but to get that valuable data you have to rely on your engineering team,вЂќ Gupta said. The user can then set a synchronization frequency so that the destination is automatically kept up-to-date.

Hightouch counts dozens of integrations out-the-box, spanning most of the common warehouse sources such as BigQuery, Snowflake, and Databricks, and common enterprise applications including Anaplan, HubSpot, Mixpanel, Salesforce, Stripe, and Jira. вЂњWarehouses have also gotten much faster, so it is practical to use them to power timely business workflows.вЂќ вЂњThere has been a key technology shift with the adoption of data warehouses - modern cloud data warehouses like Snowflake have very cheap storage, and you donвЂ™t need to pay for computing resources unless youвЂ™re actually running a query,вЂќ Gupta explained. So if a company wants to shift data from Zendesk into Salesforce to figure out how much support specific customers are requesting through Zendesk, they would use an ETL tools such as Fivetran to move the data into the warehouse, and then use Hightouch to get that data into Salesforce. Reverse ETL, essentially, involves вЂњcopy and pastingвЂќ data between tables. Hightouch does the opposite of this - it helps companies get their data out of the warehouse and into an application in a process it refers to as вЂњ reverse ETL.вЂќ Other notable players in the space include Census, which recently closed a $16 million investment. Join us at the leading event on applied AI for enterprise business and technology decision makers in-person July 19 and virtually from July 20-28.