Salesforce Ventures was among the investors in an Insight Partners-led round which helped fund the data orchestration platform developer's purchase of data flow software developer Datakin.
US-based data analytics software provider Astronomer secured $213m in series C funding yesterday from investors including Salesforce Ventures, the corporate venture capital subsidiary of enterprise software provider Salesforce.
Growth equity firm Insight Partners led the round, which also featured investment banking firm JP Morgan, Meritech Capital, K5 Global, Sutter Hill Ventures, Sierra Ventures and Venrock.
Astronomer has developed data orchestration tools powered by open-source workflow software platform Apache Airflow, in essence acting as connective tissue enabling multiple data services to create a cohesive pipeline.
The funding will help the company acquire Datakin, a US-based data lineage and management software provider that helps organise data flows. It also plans to grow its engineering and customer-facing teams, along with its platform and scale its go-to-market activities.
Venrock had previously led Astronomer’s $13.6m series A round, in mid-2020, which also featured Bain Capital Ventures, Refinery Ventures, Grand Ventures, Sierra Ventures and Frontline Ventures.…
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
