Total amount raised
$1.5 Billion
Latest funding date
December, 2021
Location
Airbyte has successfully raised significant funding through multiple rounds, with its latest being a Series B round. The company is backed by a diverse group of 25 investors, including notable names like Altimeter Capital and Thrive Capital.
Keep reading to explore the intricacies of Airbyte's fundraising journey and the investors backing this innovative platform.
What Is Airbyte?
Airbyte, founded in 2020 by John Lafleur and Michel Tricot, is an open-source data integration engine based in San Francisco, California. The company specializes in syncing data from applications, APIs, and databases to warehouses, automating data pipelines with pre-built or custom connectors.
With a workforce of 101-250 employees, Airbyte aims to democratize data access and optimize data operations. Their platform is designed to support AI innovation and ensure data security and governance.
Airbyte's solutions are utilized by over 25,000 data and AI professionals, making it a significant player in the data integration landscape.
How Much Funding Has Airbyte Raised?
- Seed Round
- Amount Raised: $5.2M
- Date: March 2, 2021
- Lead Investors: Accel
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and build the team.
- Series A
- Amount Raised: $26M
- Date: May 25, 2021
- Lead Investors: Benchmark
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the team and develop Airbyte Cloud.
- Series B
- Amount Raised: $150M
- Date: December 17, 2021
- Lead Investors: Altimeter Capital, Coatue
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product offerings and accelerate growth.
Total amount raised: $181.2M. Current valuation: Not publicly disclosed.
Key Investors
- Altimeter Capital
- Details: Altimeter Capital is a technology-focused investment firm based in Menlo Park, California. They specialize in both public and private markets.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Snowflake, Unity, Roblox.
- Coatue
- Details: Coatue is a global technology investment firm with offices in New York, Menlo Park, and Hong Kong. They manage both public and private equity funds.
- Investment Focus Areas: Technology, media, telecommunications.
- Notable Investments: ByteDance, DoorDash, Snap.
- Benchmark
- Details: Benchmark is a venture capital firm based in San Francisco, known for its early-stage investments in technology companies. They have a hands-on approach to helping startups grow.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Uber, Twitter, Snapchat.
- Accel
- Details: Accel is a global venture capital firm that invests in companies from seed to growth-stage. They have a strong presence in Silicon Valley and other major tech hubs.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Facebook, Slack, Dropbox.
- SV Angel
- Details: SV Angel is an angel investment firm that provides capital to early-stage companies. They are based in San Francisco and have a strong network in the tech industry.
- Investment Focus Areas: Early-stage technology startups.
- Notable Investments: Twitter, Airbnb, Dropbox.
What's Next for Airbyte?
Airbyte is poised to capitalize on the burgeoning demand for data integration solutions. With the launch of Airbyte Cloud, the company aims to cater to a broader market segment that prefers hosted solutions. The rapid growth of its user base and the expansion of supported connectors highlight the significant market opportunity available.
Future fundraising efforts are likely as Airbyte continues to scale its operations and develop new features. However, challenges such as maintaining platform reliability and competing with established players in the data integration market could pose hurdles. The company's ability to navigate these challenges will be crucial for its sustained growth and success.
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