# Prefect Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/prefect-technologies

- Industry: Software
- Headquarters: Washington, US
- Website: www.prefect.io
- Total disclosed funding: $44M
- Latest round: Series B (Jun 10, 2021)
- Investors on record: 5

## About

Prefect Technologies, Inc. is a data orchestration company specializing in modern workflow solutions that enhance the functionality and reliability of data platforms across various industries.Founded in 2018 and headquartered in Washington, US, Prefect Technologies, Inc. develops orchestration software for data workflows. The company has undergone significant growth since its inception, recently completing its Series B funding round in June 2021, raising USD 32.000 mn led by Tiger Global Management with participation from Bessemer Venture Partners and others. CEO Jeremiah Lowin, who also founded the company, leads its strategic direction.Prefect Technologies, Inc. specializes in modern workflow orchestration software designed for resilient data platforms. Their primary offerings include Prefect Core, a self-hosted orchestration platform, and Prefect Cloud, a hosted service providing comprehensive orchestration capabilities for workflows. These products enhance the functionality and reliability of data pipelines without necessitating significant alterations to existing code, allowing users to define workflows using Python. Key features include dynamic scaling, built-in observability, and flexible workflow design, which collectively address use cases in data management and machine learning deployment. Prefect's solutions cater to a diverse clientele, including companies like Cash App, Rent the Runway, and Endpoint, facilitating operations across finance, retail, and technology sectors, with services available in North America and Europe.Prefect Technologies generates revenue primarily through a subscription model for its orchestration platforms, which includes both Prefect Core and Prefect Cloud. Clients engage with the company by selecting subscription tiers suited to their operational needs, streamlining data workflows, managing complex data pipelines, and enhancing operational agility. These subscription plans may include different levels of support and features tailored to client requirements, focusing on maximizing efficiency and reducing infrastructure costs.In June 2021, Prefect Technologies, Inc. secured USD 32.000 mn in Series B funding, which will be utilized to enhance its dataflow automation platform, expand its team, and further execute its product-led growth strategy. The company plans to introduce new products aimed at improving data orchestration capabilities and intends to expand into additional geographic regions and markets, although specific locations and timelines have not been disclosed.

## Funding rounds

- Series B, Jun 10, 2021, $32M — Bessemer Venture Partners, Tiger Global Management, Positive Sum
- Series A, Nov 20, 2020, $12M — Valor Equity Partners, Atreides Management, Positive Sum

## Investors

- Valor Equity Partners (https://capitalatlas.ai/funds/valor-equity-partners) — Series A
- Atreides Management (https://capitalatlas.ai/funds/atreides-management) — Series A
- Positive Sum (https://capitalatlas.ai/funds/positive-sum) — Series A, Series B
- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series B
- Tiger Global Management (https://capitalatlas.ai/funds/tiger-global-management) — Series B