Airbyte, a San Francisco, CA-based creator of an open source data integration platform, raised more than $150m in Series B funding.
The round, which brought total funding to $181.2m with a valuation of $1.5 billion, was led by Altimeter Capital and Coatue Management, with participation from Thrive Capital, Salesforce Ventures, Benchmark, Accel, and SV Angel.
The company intends to use the funds to expand operations and its business reach.
Co-founded by Michel Tricot (former director of engineering and head of integrations at Liveramp and RideOS) and John Lafleur (serial entrepreneur of dev tools and B2B), Airbyte is an open-source data integration platform running in the cloud and syncing data from applications, APIs, and databases to data warehouses, lakes, and other destinations.
In the last year, more than 9,000 companies have synced data using Airbyte from sources such as PostgreSQL, MySQL, Facebook Ads, Salesforce, Stripe, and connect to destinations that include Redshift, Snowflake, Databricks and BigQuery.