Company Research Report: Hevo Data

Company Overview

Name:
Hevo Data

Mission of the Company:
To enable businesses to make better use of their data by providing a platform for easy integration and management of data from various sources in real time.

Founded:
2017

Founders:
Manish Jethani and Sourabh Agarwal

Key People:

• Manish Jethani, Co-founder and CEO

Headquarters:
San Francisco, USA and Bengaluru, India

Number of Employees:
No information is available.

Revenue:
No information is available.

Company Known For:
Hevo Data is known for offering an automated data pipeline platform that enables companies to load data from various sources into cloud data warehouses such as Snowflake, Google BigQuery, and Amazon Redshift. It is recognized for its no-code approach that allows organizations to achieve a unified view of their data across disparate sources.

Products

Products Offered:

1. Hevo Pipeline:
High-Level Description:
A no-code data pipeline platform that automates and controls end-to-end data integration from multiple sources into data warehouses.

Key Features:

• 150+ plug-and-play connectors for data integration.

• Supports real-time data sync and transformation.

• Ensures automated schema mapping and control of pipeline schedules.

• Integration-ready with major destinations like SaaS apps and databases.

2. Reverse ETL (Upcoming Product):
High-Level Description:
A tool designed to leverage data for use cases beyond analytics by enabling bi-directional data mobility.

Key Features:

• Allows businesses to use their data in day-to-day operations for real-time decision-making.

• Facilitates broader application of collected data.

Recent Developments

Recent Developments:

• In December 2021, Hevo Data raised $30 million in a Series B funding round led by Sequoia Capital India, with participation from Qualgro, Lachy Groom, Chiratae Ventures, and several angel investors.

• The company has observed a growth rate of 500% over the past year and plans to use the funds to scale sales and marketing efforts, develop new products, and expand its team in the US and Europe.

• Hevo has more than 1,000 customers across 40 countries and has significantly grown its customer base five-fold over the past year.

New Products Launched:

• No new product launches have been mentioned apart from the upcoming "Reverse ETL" tool.

New Features Added to Existing Products:

• New features aimed at enhancing the user experience and managing data integration efforts more efficiently have been added to the existing platform.

New Partnerships:

• No specific new partnerships have been mentioned apart from ongoing collaborations with corporate investors and clients.

This report provides a comprehensive overview of Hevo Data's market position, its products, and recent strategic developments, encapsulating its vision to facilitate seamless data integration and mobility.