Sequoia leads $30m round of data pipeline startup

Hevo Data, a no-code data pipeline startup, has raised US$30 million in a series B round led by Sequoia Capital India. Other participating investors included Qualgro, Lachy Groom, and Chiratae Ventures.

Hevo Data co-founders Manish Jethani (left) and Sourabh Agarwal / Photo credit: Hevo Data

Founded by Manish Jethani and Sourabh Agarwal in 2017, Hevo is an automated self-serve platform that loads data from any source into cloud warehouses such as Snowflake, Google BigQuery, and Amazon Redshift.

Hevo helps companies get analysis-ready information and build a 360-degree view of their business and customers. The startup does this by combining data from disparate sources and applications, such as customer relationship management, advertising channels, marketing tech, financial system software, and customer support products.

The company plans to use the funds to scale its sales and marketing efforts, ramp up product development, and build teams in the US and Europe.

“Traditionally, companies needed to build a large engineering team to solve this problem. Our no-code approach provides an easy to use solution which eliminates technical complexities, eliminating data silos within the companies,” said Jethani, who serves as Hevo’s CEO.

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Hevo currently has customers across 40 countries in the Asia Pacific, US, and Europe. The company said that its customer base grew by 5x in the past year.

The startup also plans to launch its second product in early 2022. Called Reverse ETL, it enables companies to leverage their data to make real-time decisions in their day-to-day operations.