California-based data integration provider HVR has raised $51 million in institutional funding from Level Equity. HVR will use the round to expand its presence in the hybrid integration space as organizations increasingly move to the cloud. The company will also begin to more aggressively scale its go-to-market strategy as a result. Solutions Review named the company one of 4 Data Integration Tools Vendors to Watch in 2019 back in December.
HVR offers a variety of integration types, including cloud, data lake and real-time integration, database and file replication, and database migration. The company allows organizations to move data bi-directionally between on-prem solutions and the cloud. Real-time data movement continuously analyzes changes in data generated by transactional systems, machines, sensors, mobile devices and websites.
Hybrid cloud data integration products are seeing increased adoption among enterprise organizations as business processes change and evolve. HVR’s core strength lies in its partner network, which features AWS, Azure and Snowflake. These partnerships allow HVR to drive implementation of the latest technology in cloud computing. HVR is unique because it also features security, data accuracy and latency capabilities.
In a statement to the media, the company’s CEO Anthony Brooks-Williams spoke to the news: “As the cloud computing trend continues on its explosive trajectory, we have experienced significant interest in our solution from the market as well as from investors and the timing to bring on Level Equity as our leading institutional investor was perfect. Their investment speaks to our large market opportunity and validates our solution and the exciting journey we are on.”