Astronomer firm raised $100M before CEO Andy – Business News
New York-based software program firm Astronomer raised almost $100 million from main traders in May — simply a couple months before its CEO, Andy Byron, was caught on the “kiss cam” at a Coldplay live performance snuggling with the firm’s head of human assets.
Astronomer — a privately held software program firm that helps purchasers streamline and manage their knowledge — introduced in May that it had “secured $93 million in Series D funding” from backers that included Bain Capital, Salesforce, Venrock and Meritech.
“While this is just one step in Astronomer’s journey to build a durable, lasting software company, we’re thrilled to have one of our earliest investors, Bain, leading the round,” Byron mentioned in a assertion on the time.
Astronomer CEO Andy Byron joined the firm in 2023. LinkedIn/Andy Byron
“All of our investors are committed to Astronomer’s long-term vision because of our recent momentum, the massive market demand for the platform we’re building, and the macro tailwinds that support our vision.”
So far, none of these traders have commented on the uproar over the viral video exhibiting Byron and Astronomer’s HR chief Kristin Cabot scrambling to get off digicam — which prompted Coldplay frontman Chris Martin to joke, “Either they’re having an affair or they’re just very shy.”
Other companies listed as traders on Astronomer’s web site embody JP Morgan Chase, Insight Partners, Sierra Ventures, Sutter Hill Ventures and KS Global.
To date, the company has raised more than $350 million from outdoors traders because it was based in 2015, in keeping with knowledge from Crunchbase and different funding trackers.
Astronomer’s board of administrators consists of Byron in addition to Venrock’s Ethan Batraski, investor John McMahon, Sutter Hill Ventures’ Scott Yara, Sierra Ventures’ Tim Guleri and Bain Capital Venture’s Enrique Salem.
The Post has reached out to the board members for touch upon the video however has but to listen to back. Astronomer has additionally not returned requests for remark.
Astronomer moved into an workplace in Chelsea final yr. Astronomer
Astronomer boasted that its new workplace had a view of the Empire State Building. Astronomer
Some tech insiders joked that the incident, which has spawned numerous memes and jokes on social media, supplied Astronomer with a visibility increase.
“Board should give him a raise,” quipped Flexport CEO Ryan Peterson. “Without this viral moment, I’d never know that Astronomer is used by enterprise clients to manage apache airflow and achieve 70% higher uptime than self-managed airflow.”
Astronomer is a mid-sized firm with 369 staff, in keeping with its profile on Pitchbook.
The company relocated to an workplace on West twenty third Street in Chelsea in February 2024 after beforehand being headquartered in Cincinnati, in keeping with a weblog post.
Andy Byron was caught on digicam embracing Astronomer’s head of HR Kristin Cabot. Grace Springer by way of Storyful
Astronomer bragged that the new workplace’s “spacious layout helps facilitate collaboration and features a great view of the Empire State Building,” in addition to a roof deck for internet hosting occasions.
“Cincinnati was an incredible place for us to start our company and we will continue to have a presence in Cincinnati,” Byron mentioned in a assertion on the time. “Now, we’re excited to build a bigger presence in the NYC area.”
As The Post reported, one former colleague of Byron’s alleged that he was a “toxic” boss.
“The text groups and chains of former employees are like … everybody’s laughing their ass off and enjoying the hell out of what happened and him getting exposed,” mentioned the source, who reported on to Byron.
Byron joined Astronomer as its CEO in July 2023, in keeping with his now-deleted LinkedIn profile.
Prior to that, he had stints as president of California-based firm Lacework, chief income officer at Cybereason and president and COO of Fuze.
