Astronomer intends to ease the pain around information analytics. Collecting data is just part of the operation. After the information has been collected, it should be constructed and organized and occasionally thats the most time-consuming area of the procedure. Astronomer claims its solution helps for this procedure, freeing up engineering tools to actually analyze the information.
The Cincinnati-based company has been around since 2015 and recently announced it raised $3.5M in capital directed by Wireframe Ventures in San Francisco and CincyTech in Cincinnati. Other investors include Frontline Ventures (UK), Grand Ventures, Drummond Road, Core Network, M25 Group, with debt funding involvement from Silicon Valley Bank. This is on top of the $1.9 million raised in seed financing from AngelPad, 500 Startups, Social Starts, and First Ascent in addition to some midwestern funds.
The new capital will be employed to enlarge Astronomers engineer and sales operations.
Information engineering, which includes preparing and accessing information for analysis, constitutes the vast majority of a company analysts time. We constantly hear the exact same complaintnot only is this incredibly inefficient, but the opportunity cost is enormous. If organizations employ a focused, iterative data engineering campaign, theyd free up their people to extract insights which affect the bottom line, stated Ry Walker, Co-founder and CEO of Astronomer, in a released statement.
As we wrote when covering the companys exit from AnglePad, based on its founders, information scientists spend 90 percent of their time seeking to capture and manage information, a major time sink. Meanwhile, Astronomer makes it so they need just do some light configuring to acquire the information they need on demand.
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