Fivetran (company)
Data-movement vendor behind Fivetran, now merged with dbt Labs.
Facts
- Founded 2012 by George Fraser and Taylor Brown; Y Combinator 2013; HQ Oakland, California.
- 2021-09-20: HVR acquisition announced (about USD 700M, cash and stock) alongside a USD 565M Series D led by Andreessen Horowitz at a USD 5.6B valuation; USD 730M raised to date (press release). A previous “Teleport Data (2021)” acquisition line could not be sourced and was removed.
- 2023-05-18: USD 125M financing from Vista Credit Partners. 2024-09-27: surpassed USD 300M ARR (press releases).
- 2025-05-01: agreement to acquire Census (reverse ETL, now Fivetran Activations); 2025-09-03: acquired Tobiko Data (SQLMesh, SQLGlot).
- 2025-10-13: merger with dbt Labs announced; 2026-06-01: completion announced; the deal is all-stock (Fivetran press releases of 2025-10-13 and 2026-06-01). Leadership: George Fraser (CEO), Tristan Handy (President, dbt Labs co-founder). HQ stated as Oakland.
- 2026-05-13: steward of the Great Expectations open-source community and GX Core (not described as an acquisition; see great-expectations).
- 2026-09-16: joint dbt Summit 2026 launches (dbt v2 GA, Fivetran Context Layer private beta).
Related
dbt (no dbt Labs company note exists yet), snowflake, databricks, data-pipelines-for-ai.
Sources (fetched 2026-10-07)
- https://www.fivetran.com/about
- https://www.fivetran.com/press
- https://www.fivetran.com/press/fivetran-dbt-labs-complete-merger-to-create-the-data-infrastructure-for-trusted-ai-agents
- https://www.getdbt.com/blog/dbt-labs-and-fivetran-merge-announcement
- Second pass (2026-10-08): https://www.fivetran.com/press/fivetran-to-acquire-hvr-announces-565-million-in-series-d-funding ; https://www.fivetran.com/press/fivetran-signs-agreement-to-acquire-census-delivering-the-first-end-to-end-data-movement-platform-for-the-ai-era ; https://www.fivetran.com/blog/why-fivetran-and-census-are-joining-forces ; https://www.fivetran.com/press/fivetran-acquires-tobiko-data-to-power-the-next-generation-of-advanced-ai-ready-data-transformation ; https://www.fivetran.com/press/fivetran-to-become-steward-of-the-great-expectations-open-source-community-and-gx-core-project ; https://www.fivetran.com/press/fivetran-and-dbt-labs-unite-to-set-the-standard-for-open-data-infrastructure-2025 ; https://www.fivetran.com/press/fivetran-surpasses-300m-arr-driven-by-growing-ai-and-data-movement-demand ; https://www.fivetran.com/press/fivetran-announces-125-million-in-new-financing-from-vista-credit-partners ; https://www.fivetran.com/blog/announcing-fivetran-context-layer ; https://fivetran.com/docs/context-layer.md ; https://fivetran.com/docs/context-layer/agent-context-mcp.md ; https://www.fivetran.com/blog/integrate-data-faster-using-natural-language-fivetran-and-mcp ; https://fivetran.com/llms.txt ; https://www.fivetran.com/sitemap.xml
Open items
- Total funding after the 2021 Series D and Vista financing, current ARR and customer counts not sourced (the 2025 and 2026 releases quote different metrics). Teleport Data acquisition unverified.