The Israeli DataOps platform Rivery has raised $ 16 million in a new financing round led by Entree Capital and the existing investor State Of Mind Ventures (SOMV), the company announced on Tuesday.
Rivery is a SaaS data management platform that enables companies to control their organizational data through the ingestion, transformation and orchestration of data processes. Founded in 2019, the company has grown rapidly and has won hundreds of customers. Major growth companies such as Bayer, American Cancer Society and WalkMe can be seen.
The new round of funding will be used to accelerate growth in business and R&D teams. The company plans to triple its size worldwide. There are currently 60 vacancies to be filled in 2021.
Rivery’s innovative approach to DataOps and data management integrates automation and actionable logic into the traditional data ETL / ELT (extract, transform and load) processes. Rivery’s rapid deployment and centralized data management, as well as features such as the ability to create and replicate data models instantly using pre-built kits. Rivery also allows organizations to create custom data connections that run alongside standard standard data pipelines. This saves significant time and money in both deployment and ongoing use.
“This new round of funding is an exciting milestone for Rivery and a confirmation that the massive cloud data industry is looking for a centralized DataOps platform. With the Rivery DataOps platform, companies can centralize, control, automate and orchestrate all of their data flows – in the cloud, ”said Itamar Ben Hemo, Co-Founder and CEO of Rivery.
“Rivery brings a new approach to an old problem – moving and transforming data. The team built a platform that companies not only love but trust to be a core part of their technology stack. We are excited to work with Rivery to help the company achieve its vision, ”added Avi Eyal, Co-Founder and Managing Partner of Entrée Capital.