Prefect Technologies Raises $11.5 Million In Funding

Prefect Technologies Raises $11.5 Million In Funding

by NeoTech Post

Prefect Technologies, a provider of dataflow automation solutions, raised $11.5 million in Series A funding to fuel continued innovation and growth in both its open-source and commercial offerings.

Led by Patrick O’Shaughnessy, Partner at Positive Sum, the round includes; Sam Teller, Partner at Valor Equity Partners; Gavin Baker, Chief Investment Officer of Atreides; Nat Friedman, CEO of GitHub, Anthony Goldbloom, CEO of Kaggle; Daniel Gross, Founder of Pioneer, and many others. 

“Prefect is the best way for data engineers and data scientists to orchestrate and automate their dataflows, and we’re excited about what this will enable engineering teams to do,” said Patrick O’Shaughnessy, Partner, Positive Sum. 

“Positive Sum is thrilled to lead this round of financing, and share everything we can to help Prefect enable more people to discover the product and build better workflows.”

The company’s dual products Prefect Core, the fastest-growing data workflow engine, and Prefect Cloud, a complete workflow orchestration platform, have become key drivers for effectively doubling the productivity of data scientists and data engineers. 

After an initial public launch last year, Prefect Cloud recently processed its 100-millionth task, while Prefect Core became the top trending repo on GitHub with the help of more than 130 open-source contributors. 

Prefect is now used by thousands of companies to build and orchestrate data workflows. The Series A financing will accelerate this dual growth while continuing to deliver easy-to-deploy solutions to companies of every size and across every industry, the company said in a statement.

“We have an incredible and unique opportunity to simultaneously develop a global open-source standard while producing an innovative commercial product, fulfilling our vision to eliminate data engineering,” said Jeremiah Lowin, Prefect’s Founder & CEO. “Our latest financing and the support of our strategic investors and advisors allows us to accelerate programs, partnerships and products that further deliver value to our open-source community and customers.”

Image by Goumbik from Pixabay