The company, which was launched in 2023, has developed a group of open source components under the Elastic V2 license. Currently, Artie has 10 paying enterprise customers and four employees. The seed round, which closed at the end of September, was led by Exponent Founders Capital with participation from General Catalyst, Y Combinator, and several industry angel investors.
Key takeaways:
- Artie, a startup founded by a husband and wife team, aims to solve the problem of data lag in businesses by moving data from databases like Postgres into data warehouses like Snowflake more efficiently.
- The company uses Change Data Capture (CDC) and stream processing, specifically Kafka, to perform data syncs in a reliable, non-intrusive, and efficient way, reducing latency and optimizing compute costs.
- Artie has developed a method that allows customers to process smaller amounts of data instead of ingesting bulk data regularly, increasing speed while lowering the cost.
- The company recently announced a $3.3 million seed investment, led by Exponent Founders Capital with participation from General Catalyst, Y Combinator, and several industry angel investors.