Georgian has led a $33m Series B funding round for Elementl that is building a data platform on Dagster. Georgian's tagline is "We are investors who build software to help our companies scale faster". Toronto, Canada-based Justin Lafayette co-founded Georgian in 2008 and has previously invested in range of firms including 41st Parameter (fraud detection software acquired by Experian in 2013) and Shopify (that allows businesses to create and manage online stores). He was previously Vice President of Strategy at IBM Software.
Existing investors Sequoia, Index, Amplify, Hanover and Slow also participated in the Series B bringing Elementl's total investment to $48.8m.
Ex Facebook Pete Hunt, who is now the company's CEO, remarked on Elementl's wide addressable market: "Once you get to a certain size, every company is a data company, and every company has a data platform". The extension to this premise is that every company has to manage data pipelines.
Apache Airflow is a popular tool for data pipelines and Dagster's major competitor.
Dagster founder Nick Schrock and co-founder and CTO of Elementl stated that his motivation to create a new model for data orchestration was to invent a more modern system aligned to the realities of Cloud and DevOps.
