Astro Emerges from Stealth to Connect Latin American Developers with US Tech Companies

Astro, a startup that helps companies build and manage developer teams with talent from Latin America, has exited stealth mode with $13 million in Series A funding contributed by Greycroft, with participation from Obvious Ventures and other unnamed investors. This marks the public launch of Astro’s platform, which aims to bridge the gap between companies and skilled developers.

Table of Contents

A Human-First Approach to Outsourcing

Astro takes a unique approach to outsourcing, focusing on a human-first approach supported by technology. The company believes that the key to success lies in understanding each individual’s motivation, engagement, and project progress. To achieve this, Astro employs engineering mentors who perform casual one-to-one check-ins with developers and clients to gain insight into team dynamics.

Data-Driven Insights

Astro’s platform provides a bird’s-eye view of project risks, allowing companies to identify the root cause of issues and make informed decisions. The data and transparency provided by Astro help companies avoid common pitfalls and ensure successful projects.

Convincing Customers

Despite being in stealth mode for some time, Astro has managed to attract 47 customers, including several legitimate companies that are profitable and cash-flow positive. The company’s customer base generates $17 million in annual recurring revenue, a testament to the effectiveness of Astro’s platform.

A Growing Market

The broader shift toward outsourcing in software development has undoubtedly contributed to Astro’s success. According to a recent survey from Commit, outsourcing for development at startups alone is expected to increase by 70% between 2022 and 2023. The pandemic has also accelerated the adoption of remote employees, making it easier for companies to work with developers worldwide.

Plans for Future Growth

Astro plans to use its war chest to develop a payroll solution for international employees outside of the Astro network, improve its matching algorithm, and enhance its engineer marketplace. The company currently employs 213 developers and aims to increase this number to 300 by the end of the year.

A Bright Future Ahead

With its unique approach to outsourcing and growing customer base, Astro is poised for success in a rapidly expanding market. As companies continue to seek out skilled developers worldwide, Astro’s platform will likely play a significant role in connecting them with the talent they need to succeed.