SaaS startup Rivery has completed a new $30 million funding round of venture capital led by Tiger Global Ventures alongside existing investors State Of Mind Ventures and Entrée Capital, the company announced Tuesday.
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Rivery provides a single end-to-end ELT solution that covers key processes to create the optimal data stack: Ingestion, Transformation, Orchestration and Reverse ETL.
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.
This financing follows from last year's A round, bringing the total venture capital raised to date to $48 million. 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.
Rivery CEO Itamar Ben Hemo said, "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 is a great milestone that will help us grow our global presence, making Rivery a de-facto tool that empowers businesses to unlock the unlimited power of their data."
