Airbyte Raises a $150M Series-B to Power the Movement of Data

Airbyte has raised $150 million in a Series B funding round led by Altimeter Capital and Coatue Management, alongside Thrive Capital, Salesforce Ventures, Benchmark, Accel, and SV Angel. The company aims to address the growing problem of data integration with its community-powered solution. Airbyte focuses on the first pillar of the new world of data: data movement (ETL/ELT). Its North Star is to provide the most reliable and ubiquitous platform for moving data, focusing on connectivity, location, and new types of data movement. The company plans to double its team size by the end of 2022 while maintaining a diverse and motivating work environment.