Hevo raises $30 million in Series B funding led by Sequoia Capital

Bangalore : Software-as-a-Service Startup, hevo dataon Friday said it has raised $30 million in a Series B round led by Sequoia Capital India.

The round also saw participation from Qualgro, Lachey Groom, Chirata Ventures and several marquee angel investors.

According to the company, it will use the funds raised to increase sales and marketing efforts, focusing on building new products, as well as building teams in the US and Europe.

Four-year-old startup Hevo provides an automated self-service platform that quickly and reliably loads data from any source into popular cloud data-warehouses like Snowflake, Google BigQuery, Amazon Redshift, and others.

Hevo helps companies combine data from many different sources and applications, including sales customer relationship management (CRM), advertising channels, marketing techniques, financial system software and customer support products, to provide companies with up-to-date, To be able to obtain analysis-ready data. Create a 360-degree view of their warehouse and their business and customers.

“Our mission is to enable each company and every individual to unlock their true potential by leveraging data-driven decision making. Traditionally, companies needed to build a large engineering team to solve this problem. Our no-code approach provides easy-to-use solutions that eliminate technical complexities, eliminating data silos within companies”, said Manish Jethani, Co-Founder and Chief Executive Officer (CEO), Hevo Data.

Currently, Hevo supports over 100 pre-built integrations across databases, SaaS applications, cloud storage, software development kits (SDKs), and streaming services.

The startup currently has customers in over 40 countries in the United States, Europe and the Asia-Pacific regions.

“Hevo is building out the basic infrastructure to enable bi-directional mobility of data. The more mobile data there is within organizations, the more useful it will be. We are impressed by the company’s product DNA – a widely preferred The mystery behind the product we make combines the duality of technical sophistication and consumer grade experience,” said Tejashwi Sharma, Managing Director, Sequoia India.

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