Fishtown Analytics secured $12.9 Million in Series A Funding round
April 28, 2020
Fishtown Analytics, a Philadelphia based provider of an open-source data engineering platform, has recently secured $12.9 million in the Series A round of funding.
The funding round was backed by Andreessen Horowitz. Post funding, Martin Casado, the General Partner at Andreessen Horowitz, will join as the Fishtown Analytics Board of Directors.
Fishtown Analytics is founded by Tristan Handy. It offers an open-source data engineering data build tool, which enables data analysts and engineers to organize, filter, cleanse, denormalize, rename, and pre-aggregate data so that it is ready for the purpose of analytics.
Executive Opinion
Martin Casado, a general partner at Andreessen Horowitz, said, "We believe we're experiencing one of the biggest shifts in the history of compute right now—the modern data stack is at least a $100B opportunity. dbt has the opportunity to become the connective tissue that maps the data flows through this entire stack, and we're incredibly excited to be a part of its story."
Fishtown Analytics' Latest Funding
The newly raised funding will be leveraged for the product development of dbt, an open-source analytics engineering tool. Analysts and engineers use the dbt tool to transform, test, and document data in the warehouse.Fishtown Analytics has its team located in Austin, Raleigh, and San Francisco.
PC: Pablo, Pixabay
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Udit Agarwal
Opinions expressed by techsutram contributors are their own. More details
Udit Agarwal is a Digital Marketer and a Content Marketing Specialist, He enjoys technical as well as non-technical writing. His passion and urge for gaining new insights on gadgets, smartphones and technology has led him to Techsutram. He quenches his thirst for technology through his action oriented writing skills and a profound ability to stay up to date with latest industry trends.
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