2025 Revenue
$39.5M(Est.)
Customers · 2017
20
Funding
$378.9M
YOY
61.2%
Team · 2024
322
Founded
2015
Astronomer Revenue & Funding (2025)
Astronomer generated an estimated $39.5M in annual revenue in 2025. Source: GetLatka estimate
Astronomer is a Cincinnati, Ohio-based data infrastructure company founded in May 2015. The company offers data engineering as a service, helping businesses connect and centralize data pipelines across SaaS tools, internal databases, and enterprise systems. Its platform serves a range of customers from later-stage startups to large enterprises across verticals including healthcare, manufacturing, insurance, higher education, and e-commerce.
As of early 2017, Astronomer had grown from zero revenue at founding to a $600,000 annual recurring revenue run rate by the end of 2016, with monthly recurring revenue reaching approximately $50,000 to $60,000 by January 2017. The company had 20 customers, a team of 25, and had raised $2,000,000 across four convertible note rounds from investors including 500 Startups, CincyTech, Router Ventures, and SocialStarts, as well as AngelPad, which took 7% equity on a $4,000,000 cap note in exchange for $50,000.
By 2025, Astronomer had raised a $93,000,000 Series D led by Bain Capital Ventures, bringing total disclosed funding to $375,900,000, and the company reported revenue growth exceeding 150%.
Last updated
Astronomer Revenue
Astronomer generated an estimated $39.5M in annual revenue in 2025.
Astronomer generated zero revenue in its first year of operation following the May 2015 pivot. By the end of 2016, the company had reached a $600,000 annual recurring revenue run rate, implying monthly recurring revenue of approximately $50,000 by December 2016. Ry Walker confirmed this trajectory in the January 2017 interview, stating the company went from zero to $600,000 ARR in roughly one year.
| Year | Milestone | Source |
|---|---|---|
| 2025 | Astronomer Hit $39.5m revenue in June 2025 | Estimated |
| 2024 | Astronomer Hit $24.5m revenue in October 2024 | Estimated |
| 2023 | Astronomer Hit $12.1m revenue in December 2023 | Estimated |
| 2017 | Astronomer Hit $720k revenue in January 2017 | Not recorded |
| 2016 | Astronomer Hit $600k revenue in December 2016 | InterviewWatch[1] |
| 2015 | Launched with $0 revenue |
By January 2017, Walker estimated MRR had reached approximately $55,000 to $60,000, with 20 customers and an average revenue per user of $3,000 per month. A third of total revenue at that time came from expansion revenue, meaning existing customers had grown their spend such that the original customer cohort was generating 148% of its initial contract value. Only one customer had churned.
By 2025, Astronomer reported revenue growth exceeding 150%, though a specific 2025 revenue figure was not disclosed in the materials reviewed.
Astronomer Valuation, Funding Rounds
Astronomer has not publicly disclosed its valuation. The company has raised $378.9M in total funding to date.
Astronomer has raised $378.9M in total funding across 9 rounds, most recently a $93M Series D round in 2025.
| Year | Round | Amount | Valuation | % Sold | Source |
|---|---|---|---|---|---|
| 2025 | Series D | $93M | - | - | astronomer.ioWatch[1] |
| 2022 | Series C | $213M | - | - | prnewswire.com |
| 2021 | Series B | $43.6M | - | - | Not recorded |
| 2020 | Series A | $13.6M | - | - | Not recorded |
| 2019 | Seed | $5.7M | - | - | Not recorded |
| 2018 | Seed | $3.5M | - | - | Not recorded |
| 2017 | Seed | $1.9M | - | - | Watch[2] |
| 2017 | Seed | $3.5M | - | - | Watch[2] |
| 2016 | Convertible Note | $1.1M | - | - | Interview |
Founder / CEO
Matthew Fermino
Vice President of Global Sales
Ry Walker is identified in the January 2017 interview as co-founder and CEO of Astronomer. Walker, who was 44 years old at the time of the interview, said he began entrepreneurship at a relatively young age. He described his leadership philosophy as equity-generous, noting a preference for broad co-ownership over minimizing dilution.
Pete DeJoy is listed as CEO on the current company roster, indicating a leadership transition occurred after the 2017 interview. The current roster also includes Julian LaNeve as Chief Technology Officer, Mike Haas as Chief Revenue Officer, Bhanu Sareddy as Chief Customer Officer, and Viraj Parekh as a founding team member and Field CTO, among others.
Customers
Astronomer had 20 customers as of January 2017. Pricing at that time was structured as a flat monthly subscription: $6,000 per month for access on a shared cloud instance, and $10,000 per month for a private cloud instance, which the company was beginning to offer to customers in regulated industries such as healthcare that require HIPAA compliance.
Historical average revenue per user was approximately $3,000 per month, reflecting a mix of smaller initial engagements that the company worked to expand over time through a land-and-expand strategy. Only one customer had churned since the company's founding.
Astronomer serves 20 customers.
Astronomer Business Model
Astronomer operates as a subscription business, offering what Walker described in January 2017 as data engineering as a service. The model combines platform access with hands-on data engineering work performed by the Astronomer team, positioning the company between a pure software business and a services firm during its early platform build-out phase.
The company's land-and-expand approach drove meaningful net revenue retention: expansion revenue accounted for 33% of total revenue as of January 2017, and the original customer cohort had grown to 148% of its initial contract value net of the single churned customer. CAC payback period was approximately nine months as of January 2017, based on a fully loaded calculation that included sales and marketing labor costs. Walker noted the payback period had started at 12 months, improved to 6 months, then rose back to 12 months after the growth team was doubled, and had since returned to 9 months. At a $3,000 monthly ARPU and a 9-month payback period, implied CAC was approximately $27,000, a figure Walker acknowledged as consistent with his internal model but did not independently confirm as precise.
Gross burn was $200,000 per month as of January 2017, with net burn of approximately $150,000 per month after offsetting roughly $50,000 in monthly revenue. Profitability was not discussed. Prior to 2017, all customer acquisition had been through referrals and outbound cold outreach. In January 2017, the company began its first paid advertising spend, starting with a $600 monthly budget focused on retargeting.
Point-in-time figures shared on the GetLatka podcast, each linked to the exact moment it was said on camera.
Astronomer Employees & Team Size
Astronomer had 25 employees as of January 2017, based primarily in Cincinnati, Ohio, with a small number of remote team members. Walker noted that at 25 people, gross monthly burn had reached $200,000, reflecting the cost of scaling the team.
Astronomer employs approximately 322 people as of 2026, up from 262 in 2023, including 7 sales reps that carry a quota. It serves 20 customers that rely on its solutions.
| Year | Milestone | Source |
|---|---|---|
| 2024 | Reached 322 employees (October 2024) | Not recorded |
| 2023 | Reached 262 employees (December 2023) | Not recorded |
| 2021 | Reached 364 employees (December 2021) | Not recorded |
| 2020 | Reached 171 employees (December 2020) | Not recorded |
| 2020 | Reached 48 employees (June 2020) | Not recorded |
| 2019 | Reached 37 employees (December 2019) | Not recorded |
| 2017 | Reached 25 employees (January 2017) | Interview |
Frequently Asked Questions about Astronomer
What is Astronomer's revenue?
As of 2025, Astronomer generated an estimated $39.5M in annual revenue.
When was Astronomer founded?
Astronomer was founded in 2015.
How much funding does Astronomer have?
Astronomer raised $378.9M across 9 rounds.
How many employees does Astronomer have?
As of 2024, Astronomer had 322 employees.
Where is Astronomer headquartered?
Astronomer is headquartered in New York, NY, USA.
Compare Astronomer to the industry
Astronomer operates across multiple industries. Browse revenue, funding, and growth data for Astronomer in each sector below.
Full Interview Transcripts
Read the full interview and its transcript.
Read More About Astronomer
Data and Sources
All figures on this page are taken directly from interviews or are estimates from public sources and proprietary models. Not financial advice. Read full disclaimer.
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