Treeverse raises $23M to bring Git-like version control to data lakes

“The Git-like operations exposed by LakeFS can solve these problems, similar to the way Git allows many developers to collaborate over a large codebase without causing code quality issues.” Founded out of Tel Aviv in 2020, Treeverse has largely flown under the radar before now, but today the Israeli company revealed that it has raised $23 million in a series A round of funding from Dell Technologies Capital, Norwest Venture Partners, and Zeev Ventures. The funding will be used to expedite both the development and adoption of LakeFS in enterprise data teams, while already laying claim to users at companies such as Volvo, Intuit, and Similarweb. It also works out-of-the-box with most of the modern data frameworks, including Kafka, Apache Spark, Amazon Athena, Delta Lake, Databricks, Presto, and Hadoop. “Integrating ELT technologies with LakeFS enables writing new data to a designated branch, and testing it to ensure quality before exposing to consumers,” Orr explained. “Once we achieve our targets there, we’ll shift focus to providing an enterprise version of LakeFS that offers common premium features like managed-hosting and predefined workflows that bring best practices and ensure high quality data and resilient pipelines.”