Total amount raised
$282.9 Millions
Latest funding date
3/1/2022
Location
Astronomer has successfully raised significant funding over multiple rounds, achieving a valuation of over $1 billion. The platform specializes in running Apache Airflow®, offering robust data orchestration solutions.
Keep reading to explore the intricacies of Astronomer's fundraising journey and the investors backing this innovative platform.
What Is Astronomer?
Astronomer, founded in 2018, is headquartered in New York, New York. The company was established by Greg Neiheisel, Ry Walker, and Tim Brunk.
Specializing in data orchestration, Astronomer offers a platform that simplifies the deployment, management, and scaling of Apache Airflow services. Their flagship product, Astro, enables data teams to build, run, and observe data pipelines efficiently.
With a workforce of 251-500 employees, Astronomer continues to innovate in the field of data operations, providing robust solutions for modern data challenges.
How Much Funding Has Astronomer Raised?
- Seed Round
- Amount Raised: $3.5M
- Date: June 2017
- Lead Investors: Frontline Ventures, Wireframe Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the company's initial operations and develop its data orchestration platform.
- Seed Round
- Amount Raised: $3.5M
- Date: November 2018
- Lead Investors: CincyTech
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the team.
- Seed Round
- Amount Raised: $5.7M
- Date: September 2019
- Lead Investors: Sierra Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and enhance product features.
- Series A
- Amount Raised: $13.6M
- Date: May 2020
- Lead Investors: Venrock
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and expand market reach.
- Series B
- Amount Raised: $43.6M
- Date: January 2021
- Lead Investors: Sierra Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product capabilities and support customer acquisition.
- Series C
- Amount Raised: $213M
- Date: March 2022
- Lead Investors: Insight Partners
- Valuation at Round: Over $1 billion
- Motivation Behind the Round: To acquire Datakin, scale operations, and accelerate platform growth.
Total Amount Raised: $282.9M. Current Valuation: Over $1 billion.
Key Investors
- Insight Partners
- Details: Insight Partners is a global growth equity and venture capital firm. They focus on investing in high-growth technology and software companies.
- Investment Focus Areas: Technology, software, growth-stage companies.
- Notable Investments: Shopify, Twitter, Qualtrics.
- Sierra Ventures
- Details: Sierra Ventures is a venture capital firm that invests in early-stage technology companies. They have a strong track record of supporting innovative startups.
- Investment Focus Areas: Technology, early-stage companies, enterprise software.
- Notable Investments: Sourcefire, Intuit, Treasure Data.
- Venrock
- Details: Venrock is a venture capital firm with a long history of investing in technology and healthcare companies. They were originally established as the venture arm of the Rockefeller family.
- Investment Focus Areas: Technology, healthcare, early-stage companies.
- Notable Investments: Apple, Intel, Illumina.
- CincyTech
- Details: CincyTech is a seed-stage investor that focuses on startups in the Midwest. They provide both capital and strategic support to help companies grow.
- Investment Focus Areas: Technology, healthcare, life sciences.
- Notable Investments: Include local startups and innovative companies in the Midwest.
- Frontline Ventures
- Details: Frontline Ventures is a venture capital firm that invests in early-stage technology companies across Europe. They aim to support companies in scaling globally.
- Investment Focus Areas: Technology, SaaS, enterprise software.
- Notable Investments: Include various European tech startups.
What's Next for Astronomer?
With the acquisition of Datakin and a substantial $213 million Series C funding, Astronomer is poised to capitalize on the booming demand for data orchestration. The integration of Datakin's data lineage features will enhance their platform, opening doors to new markets and industries. This growth is supported by a significant increase in their global customer base, including Fortune 10 companies and major Wall Street banks.
Future fundraising opportunities seem promising as Astronomer continues to scale its operations and expand its market reach. However, challenges such as maintaining rapid growth, integrating new features without disruption, and staying ahead of competitors in a fast-evolving market will require strategic focus and robust execution.
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