Rivery Raises $30M Series-B Funding, Led by Tiger Global
Today, we’re very excited to share that we raised a new $30 million round of funding led by Tiger Global Management. This is an important milestone that will help us scale faster and continue delivering the best-in-class SaaS ELT solution to our customers.
The new funds will help expedite the growth of the company across all teams in New York and Tel Aviv HQ including R&D, Product, and Sales, as well as expanding on EMEA where a London office has been launched to focus on the regional market.
With data needs growing and data talent scarcity, there is huge demand for Rivery’s 100% SaaS solution to create an efficient scalable data stack. In fact, Rivery’s product-led growth has significantly accelerated since the launch of the Pay As You Go program in December 2021, which is growing at a rate of 50% month over month. This new pricing model complements the existing Self-Service experience plan, which opens the door to any type of company that would like to immediately get started with Rivery.
Used by over 300 customers globally, Rivery’s approach to data management is a generational technology leap that incorporates automation and actionable logic into the traditional data ETL/ELT (extract, transform, and load) processes. We will continue expanding our product capabilities with new features and solutions – if you’re attending Snowflake’s Summit in Las Vegas come and see some of the new amazing product launches next month!
Companies have to scale faster than ever before, which means data teams need to achieve more with less. By offering a fully SaaS end-to-end solution as the core to their data stack, Rivery plays a pivotal role to provide unlimited scalability. This funding will help us grow our global presence, making Rivery a de-facto tool that empowers businesses to unlock the unlimited power of their data.
You can read the full press announcement here.
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