Elementl Raises $33 Million in Series B Funding to Accelerate Data Orchestration and Unleash Advanced Data Use Cases

Elementl, a company behind the open-source data orchestrator Dagster, has raised $33 million in Series B funding led by Georgian, with participation from new investors 8VC, Human Capital, Hanover, and existing investors Sequoia, Index, Amplify, and Slow. The new capital will accelerate Elementl's development and adoption of Dagster, which is gaining traction across various industries due to its ability to simplify data orchestration and support modern engineering standards. Despite the challenging macroeconomic environment, the data category remains strong, with global businesses such as Doordash, Flexport, and Aritzia adopting Dagster for their data pipeline needs. Elementl's unique abstractions and asset-first approach are resonating with data practitioners, leading to rapid adoption and growth of the open-source community. The new funding will enable Elementl to scale its go-to-market activities and continue product evolution, further solidifying Dagster's position as a critical enabler for data teams looking to build robust and high-performing data pipelines.