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.