# Ascension Labs

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/ascension-labs

- Industry: Software
- Headquarters: Menlo Park, US
- Website: www.ascend.io
- Total disclosed funding: $54M
- Latest round: Series B (Apr 6, 2022)
- Investors on record: 10

## About

Ascension Labs, Inc. is a data engineering platform provider that automates and optimizes the data pipeline lifecycle, enabling data teams to build and manage reliable data products efficiently.Founded in 2015 and headquartered in Menlo Park, US, Ascension Labs, Inc. specializes in data engineering solutions. The company has completed 3 deals to date, with the most recent round of funding being a Series B raised on April 6, 2022, totaling USD 31.00 mn. The funding was led by Tiger Global Management, with participation from Shasta Ventures and returning investor Accel. Sean Knapp serves as the founder and CEO of the company.Ascend.io offers an advanced data engineering platform designed to automate and optimize the entire data pipeline lifecycle. Its core product enables data teams to build, run, and scale reliable data products with reduced manual effort, addressing challenges related to data orchestration and pipeline management. The platform incorporates integrated AI agents and a unified metadata layer to facilitate automation, observability, and auditability throughout the data lifecycle. Users benefit from features such as intelligent orchestration, event-driven triggers, and AI-assisted development, which allow for streamlined collaboration among data engineers, analytics engineers, and technical executives. Customers span diverse industries across North America and Europe, including organizations seeking to enhance data delivery efficiencies and minimize operational costs.Ascend.io operates on a subscription-based revenue model, providing clients with access to its Agentic Data Engineering Platform through various pricing tiers. The transactional structure is designed for B2B partnerships, where organizations purchase subscriptions based on their specific data engineering needs. These subscriptions allow users to leverage the platform's capabilities, such as automated pipeline management and AI-powered development tools. While specific pricing plans are not disclosed, they are structured to accommodate a range of client sizes and requirements. The platform's distinction lies in its ability to reduce operational complexity while facilitating the rapid deployment of data pipelines, ultimately driving value for its users and ensuring a robust return on investment.In April 2022, Ascension Labs, Inc. raised USD 31.00 mn in Series B funding to scale its go-to-market efforts and expand into new geographies. The company plans to develop new products that enhance its platform capabilities, with targeted releases in the upcoming quarters. Specific markets for expansion include North America and Europe, with a focus on increasing its footprint within these regions by the end of 2023. The recent funding will support these initiatives, allowing for enhanced product development and market entry strategies.

## Funding rounds

- Series B, Apr 6, 2022, $31M — Accel, Shasta Ventures, Tiger Global Management
- Series A, Jul 17, 2019, $19M — Accel, Lightspeed Venture Partners, Hong Shan, 8VC
- Seed, Dec 15, 2015, $4M — Lightspeed Venture Partners, Hong Shan, Shasta Ventures, Felicis Ventures, SV Angel, Webb Investment Network, Core Ventures Group, 8VC

## Investors

- Lightspeed Venture Partners (https://capitalatlas.ai/funds/lightspeed-venture-partners) — Seed, Series A
- Hong Shan — Seed, Series A
- Shasta Ventures (https://capitalatlas.ai/funds/shasta-ventures) — Seed, Series B
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Seed
- SV Angel (https://capitalatlas.ai/funds/sv-angel) — Seed
- Webb Investment Network (https://capitalatlas.ai/funds/webb-investment-network) — Seed
- Core Ventures Group (https://capitalatlas.ai/funds/core-ventures-group) — Seed
- 8VC (https://capitalatlas.ai/funds/8vc) — Seed, Series A
- Accel (https://capitalatlas.ai/funds/accel) — Series A, Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B