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Astronomer nabs $93M for its data pipeline platform

  • Astronomer Inc., a startup specializing in data pipeline management, has secured a $93 million funding in a Series D round led by Bain Capital Ventures and participation from Salesforce Ventures, Insight, and others.
  • The company offers a paid cloud version of Apache Airflow, a popular open-source platform for creating data pipelines, enabling organizations to move data between applications efficiently.
  • Astronomer's commercial version, Astro, provides high-availability features, automation tools, and a 'scale to zero' feature that allows hibernating the Airflow environment when not in use, reducing unnecessary infrastructure costs.
  • The funding will be used to enhance Astro, expand international presence, and pursue profitability goals within two years, as the company reported a 140% growth in annual recurring revenue from Astro.

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