Andy Byron resigned from his job as CEO of Astronomer Inc., according to a statement posted on LinkedIn by the company Saturday.

The employer of a CEO reportedly seen in a viral "kiss cam" moment at a recent Coldplay concert says it is launching an investigation into the incident. Astronomer, a New York City-based data company, said in a statement Friday that a "formal investigation" has been launched by its board of directors.

"Our leaders are expected to set the standard in both conduct and accountability, and recently, that standard was not met," the company said in a statement.