Astronomer, the company behind the Astro platform powered by Apache Airflow, has raised $93 million in a Series D funding round led by Bain Capital Ventures. The investment also saw participation from Salesforce Ventures, Insight Partners, Meritech Capital, Venrock, and Bosch Ventures.
The funding will accelerate Astronomer’s research and development efforts and support its global expansion, particularly in Europe, Australia, and New Zealand. The company aims to enhance its Astro platform, which enables organizations to orchestrate complex data workflows essential for scaling AI and machine learning initiatives.
“For us, this is just a step along the way,” said Andy Byron, CEO of Astronomer. “We want to build something awesome here. I couldn’t be more excited about our venture partners, our customers, our product vision, which I think is super strong in going after collapsing the data ops market.”
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Astronomer’s Astro platform has experienced significant growth, with a reported 150% year-over-year increase in annual recurring revenue and a 130% net revenue retention rate. The platform’s adoption underscores the critical role of data orchestration in operationalizing AI across enterprises.
The recent release of Apache Airflow 3.0, described as the most significant in the project’s history, introduces capabilities tailored for AI workloads, including the ability to run tasks across various environments and support for multiple programming languages beyond Python.
Astronomer’s strategic partnerships, such as achieving the Google Cloud Ready – BigQuery designation and a collaboration with IBM, further position the company to meet the growing demand for scalable and reliable data infrastructure in the AI era.
With this latest funding, Astronomer is poised to unify the DataOps stack, integrating observability, quality management, and governance into a single platform, thereby addressing the complexities of modern enterprise data ecosystems.