Airbyte announces $26M Series A for open-source data connector platform
One of the major issues facing companies these days isn’t finding relevant data so much as moving it to where it’s needed. Enter Airbyte, an early-stage startup that is building an open-source data integration platform to help solve that problem. Today the company announced a $26 million Series A, just a couple of months after announcing its $5.2 million seed round.
Benchmark led the investment with help from 8VC, Accel, SV Angel, Y Combinator and multiple tech industry luminaries. The company has raised more than $31 million, all of it coming this year.
“What we’re building is an open-source data integration platform to bring data wherever it is, whether it’s a database, a file or an API into the destination of your choice, whether it is a data warehouse or a data lake,” company co-founder and CEO Michel Tricot told TechCrunch. This involves building connectors to various data types. The company is providing the open-source platform and an SDK to build connectors, and inviting the community to add their own connectors, while building some too.
Things are moving quickly for the startup. In addition to the funding, it released its Connected Development Kit or CDK earlier this month. “It’s a local framework that enables you to build a custom connector within two hours instead of two or three days,” company co-founder John Lafleur explained. To this point, the community has contributed approximately 20% of the platform’s 70 connectors, but the two founders expect that percentage to increase as the CDK has time to spread in the community.
