Israeli DataOps platform Rivery raised $16 million in a new financing round led by Entrée Capital and existing investor State Of Mind Ventures (SOMV), the company announced on Tuesday.
Rivery is a SaaS data management platform that gives companies control over their organizational data through the ingestion, transformation, and orchestration of data processes. Launched in 2019, the company has grown rapidly and added hundreds of customers, seeing significant growth enterprise companies like Bayer, American Cancer Society, and WalkMe.
The new funding round will be used to accelerate growth across business and R&D teams. The company said it plans to triple in size globally and hopes to fill 60 open positions in 2021.
Rivery’s innovative approach to DataOps and data management incorporates automation and actionable logic into the traditional data ETL/ELT (extract, transform, and load) processes, the company says. Rivery’s quick deployment and centralized data management, coupled with its features such as the ability to instantly create and replicate data models via ready-built kits. It also empowers companies to create custom data connections that run alongside standard out-of-the-box data pipelines saving significant time and cost for both deployment and ongoing use.
“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 co-founder and CEO Itamar Ben Hemo. The Rivery DataOps platform is empowering companies to centralize, control, automate, and orchestrate all of their data flows – in the cloud,”
“Rivery is bringing a fresh approach to an old problem – how to move and transform data. The team has built a platform that companies not only love, but also trust to make a core part of their technology stack. We are excited to partner with Rivery and help the company achieve its vision,” added Avi Eyal, co-founder and managing partner at Entrée Capital.