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Prophecy raises $25 million for its low-code data engineering platform – TechCrunch

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Prophecy, a low-code platform for data engineering, today announced that it has raised a $25 million Series A funding round led by Insight Partners. Existing investors SignalFire and Berkeley Skydeck, as well as new investor Dig Ventures, also participated in this round, bringing the company’s total funding to $31 million.

At the heart of Prophecy’s user experience is its low-code environment, which allows engineers and data analysts to seamlessly switch between a visual interface and a code editor to build workflows. This interface makes it easy to quickly create Apache Spark code and then run it through its Airflow service.

It is this ability to switch between code and the visual interface, with changes to either side immediately reflected on the other – combined with the ability to extend the visual interface with custom elements as needed – that team hopes to give it a leg up in the market. And since many companies still use legacy tools, Prophecy has also built a transpiler that allows companies to modernize their existing ETL workflows.

“Everyone keeps saying that data is the new oil. They’ve been talking about it for a decade, but then you get into big companies and data management is a mess. So I’m like, we can solve this problem,” said Prophecy co-founder Raj Bains. He argues that while Databricks, which has partnered with Prophecy, and Snowflake are building the processing engines to use the data, companies still need a lot of tools to do the heavy lifting, especially since they migrate to the cloud at the same time. time.

These companies, Bains noted, often rely on tens of thousands of data pipelines running on-premises. So it only made sense that Prophecy would build the tools to help them modernize those pipelines and move them to the cloud – and ideally its platform, of course.

“We wrote this compiler, which is a very sophisticated tool,” he explained. “It will read their old data pipelines and automatically write these new data pipelines for cloud and cloud technologies. So we can just take a large company with a massive data engineering footprint […] and we can just move the whole thing through the cloud. As large enterprises move to the cloud, they’re thinking about how to take action and succeed – and we’re working hand-in-hand with them to make that cloud migration and help them succeed in this new cloud world where it’s a completely different ecosystem.

Despite its early stage, Prophecy’s customers already include a number of Fortune 500 and 50 companies that use it to build and manage their data infrastructure.

Insight Partner managing director George Mathew noted that there were a number of factors that made him interested in the company, including Bains’ experience previously working at Hortonworks, Nvidia and Microsoft.

“It was just very clear that Raj and the Prophecy team really understood what this latest generation of systems was, especially in the data world, and where they needed to go in a cloud native world and how to achieve that. massive transition, especially with the use of a low-code/no-code environment,” Mathew said. their data warehouses and their lakes, which was not necessarily the case only a few years ago.

As Bains noted, the next year will be all about polishing the product and helping its customers succeed in production. Unsurprisingly, the company plans to use the new funding to do just that and invest in the commercialization side of its business as it develops its comprehensive data engineering platform.


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