Tech Company Financing Transactions
Ascend Funding Round
Ascend closed a $31 million Series B funding round on 4/6/2022. Investors included Tiger Global Management, Accel Partners and Shasta Ventures.
Transaction Overview
Company Name
Announced On
4/6/2022
Transaction Type
Venture Equity
Amount
$31,000,000
Round
Series B
Investors
Proceeds Purpose
The additional capital will be used by Ascend.io to scale go-to-market efforts and expansion into new geographies, as well as extend Ascend's Data Automation Cloud to support full multi-cloud data mesh automation.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
541 Cowper St.
Palo Alto, CA 94301
USA
Palo Alto, CA 94301
USA
Phone
Undisclosed
Website
Email Address
Overview
Ascend developed the world's first Autonomous Dataflow Service, where you can build, scale, and operate continuously optimized, Apache Spark-based pipelines, with less code and fewer breakages. Powered by Ascend's Dataflow Control Plane, you combine declarative configurations and automation to manage cloud infrastructure, optimize pipelines and eliminate maintenance.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Sean Knapp
Chief Technical Officer
Steven Parkes
Browse more venture capital transactions:
Prev: 4/6/2022: IntelyCare venture capital transaction
Next: 4/6/2022: Finkargo venture capital transaction
Share this article
Where The Data Comes From
We do our best to report on every notable VC transaction. VC investment data records reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs