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Fishtown Analytics Secures USD 12.9 Million in Series A Round of Financing

By CIOReview | Monday, April 27, 2020

Over the past four years, dbt has become the leading tool used by analysts and engineers to transform, test, and document data in-warehouse

Fremont, CA: Analytics engineering firm Fishtown Analytics raised USD 12.9 million in a Series A financing round led by Andreessen Horowitz. As part of the deal, a16z general partner Martin Casado will join Fishtown Analytics' board. As cloud data warehouses have become more powerful, data infrastructure has shifted from ETL to ELT. dbt was created in the early days of this shift as products like Snowflake and Google's BigQuery were taking off.

"We call this workflow analytics engineering," said Tristan Handy, Founder, and CEO of Fishtown Analytics. "Technology shifts often require practitioners to adopt new methodologies, like the shift to agile software development within modern software engineering. Analytics engineering is that shift for the modern data practitioner. With dbt as part of a modern data stack, a talented analyst today can match the productivity of a 10-person data team of 10 years ago."

Over the past four years, dbt has become the leading tool used by analysts and engineers to transform, test, and document data in-warehouse. "dbt is built to leverage the full capability of Snowflake's powerful cloud data platform," said Tarik Dwiek, Director of Technology Alliances at Snowflake. "With dbt, data teams can focus on building better data models, instead of spending time on data administration. We're excited to see dbt adoption grow among Snowflake customers."

The dbt community today includes 1,700 companies using dbt, 5,000 members of the dbt Slack community, and regular Meetups in New York, San Francisco, and London. dbt users include GitLab, Canva, Monzo, Fivetran, Los Angeles Times, and JetBlue. This fundraise allows Fishtown Analytics to grow its engineering bench.

"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," said Martin Casado, general partner at Andreessen Horowitz. "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."

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