Funding accelerates development of go-to-market plans in response to
growing demands of the cloud market
SAN FRANCISCO–(BUSINESS WIRE)–HVR,
the leading independent provider of real-time cloud data integration
technology, announced today that it has raised $51 million in
institutional funding from Level Equity. The funding round will be used
to further accelerate the company’s impressive year-over-year growth and
ensure HVR is able to support the exploding demand as customers continue
to adopt cloud and hybrid cloud strategies.
“Moving data at scale is a key requirement for customers leveraging
modern cloud-based technologies,” said Anthony Brooks-Williams, CEO at
HVR. “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.”
Today’s announcement follows impressive year-over-year growth, during
which the company has established itself as a market leader in hybrid
cloud data integration solutions. This accelerating growth is fueled by
HVR’s ability to drive implementation of the latest cloud technologies
provided by their partners, including AWS, Azure, Snowflake, and more.
HVR’s unique features and functionality address common concerns with
cloud computing including security, data accuracy, and latency,
providing customers with the confidence that they are making informed
business decisions based on the freshest data possible.
“We are very excited about partnering with Anthony and the entire HVR
team,” said Sarah Sommer, Co-Founder and Partner at Level Equity. “HVR
has a modern solution that is the perfect fit for the growing trend of
cloud computing. They have been able to complement their best-in-class
product with a world class execution capability, assembling a deeply
experienced and highly knowledgeable team of industry experts with
decades of collective data integration experience.”
HVR plans to use the capital infusion to scale its go-to-market strategy
as increasingly more customers choose their product to leverage the
latest hybrid cloud technologies to move large amounts of data securely,
accurately, and efficiently.
HVR provides a real-time data integration solution that enables
organizations to adopt a hybrid cloud approach to storing and analyzing
data. The HVR platform is a reliable, secure, and scalable way to
quickly and efficiently move large data volumes within cloud and
on-premise environments, enabling real-time data updates, access, and
analysis. Global market leaders in a variety of industries trust HVR to
address their real-time data integration challenges and revolutionize
their businesses. HVR is a privately-held company based in San
Francisco, with offices across North America, Europe, and Asia.
About Level Equity
Based in New York, NY, Level Equity is a growth equity firm focused on
providing capital to rapidly growing software and internet companies.
The firm manages over $1.7 billion across a series of long term
committed investment partnerships. For more information about Level
Equity, visit levelequity.com.
Kristi Lee-John, 919-270-8054