logo
logo

Ascend.Io Lands $35M To Automate Data Pipeline Orchestration

Apr 06, 2022•over 3 years ago

Amount Raised

$35 Million

Description

Ascend.io, a company developing data automation products for enterprise customers, has raised $31 million in a Series B round led by Tiger Global with participation from Shasta Ventures and existing investor Accel, it announced today. CEO Sean Knapp says that the new capital — which brings Ascend’s total to $50 million — will be used to expand the startup’s engineering, sales and marketing teams while extending Ascend’s platform to support greater automation.

Company Information

Company

Ascend.Io

About

From that experience, it was clear that every company was rapidly becoming a data company, and that there was a tremendous shortage of talent available to assist companies on their journey,” Knapp told TechCrunch in an email interview. Despite competition from startups like Matillion and Astronomer, Ascend’s user count expanded across customers including News Corp., Afresh and Harry’s as the platform began automating more than 10 million data processing jobs each month, Knapp says.

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech