Fivetran has expanded its presence in Australia as part of a bid to extend operations in the APAC region and worldwide.
The company, which specialises in automated data integration, has opened a new office in Sydney, with the launch taking place via video conference due to COVID-19 lockdowns.
T.J. Chandler, Fivetran managing director for the region, hosted the online event and introduced the Sydney-based team. The new office will be focused on increasing customer support for APAC, according to the company.
In addition, Fivetran has announced the availability of its first data center located in Australia, the first for the region.
The data center will address on-shore data residency requirements, as well as offer local performance benefits for Fivetran customers, the company states.
As of today, Fivetran customer base includes Australian brands such as Afterpay, Boral, SWEAT and Oneflare, along with companies across the globe including ClassPass, Conagra Brands, Jumeirah International, Kiva, Lime, Monzo Bank, Optimizely, Talkdesk, Urban Outfitters and Square.
Chandler says the company expects Fivetran's customer roster to continue to grow in the APAC region following the investments in the area.
He says, “Fivetran is growing and investing in areas that are most important to our customer's success. In this instance, that means timely, substantive, in-region support and a product that just works for customers in Australia, New Zealand and beyond.
Fivetran CEO and cofounder George Fraser says, “Centralising data is a problem all companies face and we're proud to help customers across the globe implement solutions.
“Establishing an office in Sydney is an exciting step for us as we look to expand our footprint in the Asia-Pacific region and continue to scale our global business to meet rapidly growing demand.
This announcement follows previous moves made by Fivetran to better establish itself in the area. For example, in March Fivetran announced a new office in India and continues to report growth in the country.
Serving global customers, Fivetran technology is designed to enable widespread adoption of data analytics programs by offering centralisation of data into cloud warehouses and data lakes.
Working with all major cloud providers, including Google, AWS, Microsoft Azure, Snowflake and Databricks, Fivetran enables customers to build and maintain data connectors to each individual data source.
Fivetrans pre-built connectors automate the entire process, enabling teams to focus on business intelligence, process enhancement, machine learning and other business-critical activities, the company states.
Over the past year Fivetran states it has grown its customer base by 75%, recently surpassing the 1,000-customer milestone, increased revenue by more than 150% and more than doubled its global team, which now stands at approximately 350 employees.
In September 2019, Fivetran announced it received $44 million in Series B funding, bringing its total funding to approximately $60 million. Fivetran is backed by Andreessen Horowitz (a16z), Matrix Partners and CEAS Investments.