💰The Funding Letter #1662: May 2

Astronomer, AssetWatch, indiGO Tech, and more...

May 02, 2025

Happy Friday! This exclusive edition of The Funding Letter comes to you from our headquarters in New York City. Have a nice weekend!

Hit the Gong 🎉

Source: @techicorn_startup

Daily Deals 💸

🌎 Americas

Astronomer has developed a data orchestration platform that offers a suite of products and services to deploy, manage, and scale distributed airflow assistance, allowing data engineers, data scientists, and data analysts to build, run, and observe pipelines-as-code. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $93M, Series D

Round Investors: Bain Capital Ventures (lead), Meritech Capital Partners, Salesforce Ventures, Venrock

🚀Growth Focus: Expedite research and development, and strategically expand its international presence.

HQ: New York, NY

Industry: Software Development

Employee Count: 359 (⚡14% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring (tons of sales roles!)

AssetWatch is a monitoring system for proactive maintenance, enabling industrial organizations to swiftly detect equipment issues, prevent downtime, optimize maintenance strategies, and enhance productivity. View on: LinkedIn.com | Sales Navigator.

New Funding Raised: $75M, Series C

Round Investors: Viking Global Investors (lead), Triangle Peak Partners, G2 Venture Partners, Osage University Partners

🚀Growth Focus: Expand its AI-powered platform capabilities, accelerate go-to-market initiatives to broaden internationally and in new markets, and strengthen its position as the trusted partner for manufacturers.

HQ: Columbus, OH

Industry: Automation Machinery Manufacturing

Employee Count: 228 (⚡20% increase in last 6 months)

🔥Open Sales Gigs: Currently Hiring

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