Elementl is pleased to announce our Series B financing, raising a total of 33 million dollars led by Georgian and joined by new investors 8VC, Human C

Dagster and the Decade of Data Engineering

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2023-05-25 18:30:02

Elementl is pleased to announce our Series B financing, raising a total of 33 million dollars led by Georgian and joined by new investors 8VC, Human Capital, and Hanover, along with existing investors Amplify Partners, Index Ventures, Slow Ventures, and Sequoia Capital. You can read the official announcement on our blog.

Georgian believes in the power of data and criticality of data orchestration, demonstrated by how they have built an extensive data platform and practice to work with their portfolio. Beyond that, they have deep conviction on Dagster, as they are enthusiastic users of the product. Given their deep domain expertise, we are thrilled to add them as partners.

In November 2021, we published a blog post which laid out our belief that we were in the “Decade of Data” and that “Big Complexity” is the challenge problem of this decade. Those words have stood the test of time. Data is transforming the way organizations operate. Data assets drive human decision and automated decision-making at organizations of all sizes through analytics, machine learning, and AI. As a result, building and maintaining trusted data assets is an imperative at every organization of any size.

The last five to ten years have seen an explosion of tools and point solutions—often called the Modern Data Stack—emerge to support this imperative, and there has been enormous progress. But most organizations are still drowning in the complexity of managing their production data assets. Many targeted tools and point solutions lead to early wins and better localized productivity, but contribute to more organization-wide chaos, as practitioners across the organization create huge numbers of assets with disparate processes and tools.

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