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Prefect V3

Prefect 3 async refactor 2024, 2-15x faster.

Definition

Prefect 3.0 key changes: native async runtime (since Python async/await), transactional event-driven workflows, automatic retries, dynamic task graph, native AI agents observability. Prefect Cloud SaaS for orchestration, scheduling, secrets, monitoring. Generous free tier.

Origin

Prefect Technologies Inc., founded 2018 by Jeremiah Lowin (ex-Airflow committer), Prefect 1.0 2020, 2.0 2022, 3.0 September 2024.

Usage

Adopted by Cash App, Cisco Meraki, Allianz Trade. Strength vs Airflow: Pythonic, lighter footprint, async-first.

Related terms

Last updated: May 18, 2026