Meltano Spins Out of GitLab, Raises $4.2 Million In Seed Funding

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  • Meltano also closed $4.2 million funding led by GV and a number of angel investors, including Ram Shriram, WordPress founder Matt Mullenweg, and Max Beauchemin
  • Data integration (ETL) solutions in particular are hard to extend and troubleshoot, and their limited connector libraries force organizations to supplement them with custom solutions

GitLab Inc. has , announced the spin-out of Meltano, an open source ELT (Extract, Load, Transform) platform built for the DataOps era. It has also closed $4.2M in seed funding led by GV and a number of angel investors, including Ram Shriram, WordPress founder Matt Mullenweg, and Max Beauchemin, creator of Apache Airflow and Superset.
GitLab Inc., a company that offers a complete DevOps Platform, announced the spin-out of Meltano, an open source ELT (Extract, Load, Transform) platform built for the DataOps era. Meltano also closed $4.2 million funding led by GV and a number of angel investors, including Ram Shriram, WordPress founder Matt Mullenweg, and Max Beauchemin, creator of Apache Airflow and Superset. As an independent company Meltano has the opportunity to grow further as an open source company and focus on addressing the needs of the data engineering market starting with enhanced data integration.

Sid Sijbrandij, co-founder and CEO of GitLab said, “From its inception, Meltano has operated separately from GitLab’s DevOps platform. It started as a tool built for GitLab’s data and analytics team, who wanted an end-to-end data platform built around open source components and DevOps principles. th its new seed funding, Meltano, as an independently managed entity, will provide the benefits of open source data integration and DataOps to more organizations.”

Data integration (ETL) solutions in particular are hard to extend and troubleshoot, and their limited connector libraries force organizations to supplement them with custom solutions built and maintained in-house. In response, data engineers and analysts are looking to embrace open source software and DevOps best practices such as version control, code review, and CI/CD, to increase efficiency and confidence in the result of their work and downstream decisions.

Singer standard for data movement

Douwe Maan, CEO of Meltano said, “Over the past few years, we have seen a wave of great open source data tools and technologies for data integration, transformation, orchestration, and visualization. believe that there is still a significant challenge in integrating these disparate tools and managing their configuration and deployment consistently across environments. Meltano strives to solve this data workflow problem by bringing these solutions together in a single DataOps-ready project repository that scales with the needs of the organization. With this seed funding, we will be able to support more tools and make them accessible to more organisations.”

Meltano offers an Open source data integration (ELT) solution that embraces the Singer standard for data movement and its existing library of over 200 community-maintained connectors, along with dbt for transformation, and Airflow for orchestration.Meltano anticipates adding support for open source tools like Superset and Metabase for visualization, and alternative orchestration solutions like Dagster and Prefect, while continuing to grow its connector library with the help of the community.

 

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