Orchest, Rotterdam, Netherlands-based open-source, cloud-native, development environment built for data science, raised $3.5 million in a Seed funding round to provide a simpler way to build data pipelines.
The round was led by Gradient Ventures and Basis Set Ventures, joined by Seedcamp and Data Council founder Pete Soderling.
Company: Orchest Software Inc.
Raised: $3.5M
Round: Seed round
Funding Month: October 2021
Lead Investors: Gradient Ventures and Basis Set Ventures
Additional Investors: Seedcamp and Pete Soderling
Company Website: https://www.orchest.io/
Software Category: Data Pipelines
About the Company: Orchest is an open-source, cloud-native, development environment built for data science. The company, founded in 2020, started as an open-source project on GitHub before running a private beta of clouding hosting. Today is also the debut of the company’s first public version. It has a SaaS business model and offers a version where Orchest takes care of all of the operational hosting and an enterprise version with additional features. Orchest already has over 1,300 stars, and over 150 companies signed up for the private beta. It saw over 2,500 unique installs of the open-source software, including from organizations like Accenture and Georgetown University.
Source: https://techcrunch.com/2021/10/01/orchest-raises-3-5m-to-provide-a-simpler-way-to-build-data-pipelines/