Based mid-2020 firm redefines the brand new normal of transferring and consolidating information from completely different sources
SAN FRANCISCO, December 17, 2021–(BUSINESS WIRE)–Airbyte, creators of the fastest-growing open supply information integration platform, at the moment introduced that it has raised greater than $150 million in Sequence B funding led by Altimeter Capital and Coatue Administration, additionally together with Thrive Capital, Salesforce Ventures, Benchmark, Accel, and SV Angel.
The spherical follows dramatic development because the series-A spherical in Could 2021 led by Benchmark. It brings the entire funding to $181.2 million with a valuation of $1.5 billion for Airbyte, since its inception in mid 2020.
“We’re excited to companion with Airbyte on their Sequence B,” mentioned Caryn Marooney, basic companion at Coatue. “We’ve spent a whole lot of time through the years specializing in the assorted information stack gamers and have been very impressed by the standard of Airbyte’s staff and developer traction.”
With its rising group of 4,500 information practitioners and 200 contributors, Airbyte is redefining the brand new normal of transferring and consolidating information from completely different sources to information warehouses, information lakes, or databases in a course of known as extract, load, and, when desired, remodel (ELT). Within the final yr, greater than 9,000 firms have synced information utilizing Airbyte from sources corresponding to PostgreSQL, MySQL, Fb Advertisements, Salesforce, Stripe, and hook up with locations that embrace Redshift, Snowflake, Databricks and BigQuery.
Airbyte’s open-source information integration solves two issues: First, firms at all times should construct and preserve information connectors on their very own as a result of most much less common “lengthy tail” information connectors aren’t supported by closed-source ELT applied sciences. Second, information groups typically should do customized work round pre-built connectors to make them work inside their distinctive information infrastructure.
Inside 17 months, Airbyte caught up with the ETL incumbents with 150 connectors, most of that are maintained actively or constructed by the group. These connectors run in Docker containers, and may be in-built any programming language and may be deployed in minutes on any platform.
“Airbyte has already made a huge effect in a really brief time period and has greater than 1,000 firms lined as much as benefit from its Airbyte Cloud information service that’s beginning to roll out,” mentioned Jamin Ball, companion at Altimeter Capital. “There may be super market momentum on high of Airbyte’s disruptive mannequin to contain its customers in constructing the ecosystem round its information integration platform.”
Final quarter, Airbyte introduced its community-based participative mannequin the place the corporate plans to share revenues with contributors of high-quality connectors. Airbyte expects 500 high-quality connectors by the top of 2022.
“With the rise of the trendy information warehouses, our mission is to energy all of the organizations’ information motion and doesn’t finish at ELT,” mentioned co-founder and CEO, Michel Tricot. “By the top of 2022, we’ll cowl extra kinds of information motion, together with reverse-ETL and streaming ingestion.”
Airbyte is the open-source information integration different operating within the security of your cloud and syncing information from purposes, APIs, and databases to information warehouses, lakes, and different locations. Airbyte was co-founded by Michel Tricot (former director of engineering and head of integrations at Liveramp and RideOS) and John Lafleur (serial entrepreneur of dev instruments and B2B). The corporate is headquartered in San Francisco with distant workers around the globe. To study extra, go to airbyte.io.
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Joe Eckert for Airbyte