Collibra raises $58m in series D funding to help automate data governance
Collibra, a Belgium-based enterprise data governance software provider, has announced the close of a $58 million (£43.1m) series D funding round to help expand its staff and product environment.
The round was led by ICONIQ Capital and Battery Ventures, already existing Collibra investors, with added participation from Dawn Capital, Index Ventures and Newion Investments. The company’s total funding now stands at more than $133 million.
Collibra offers a platform which automates data governance and management. As the company puts it, it aims to ‘usher in an era of data participation… an era when every employee – from the entry-level to the C-suite – is equally empowered with the knowledge and skills to create and share data that’s more reliable, transparent, and productive.’
The company shed light on how it expects 2018 to shape up in the industry with a series of predictions published last month. In them, Collibra expects artificial intelligence (AI) to expose data deficiencies with organisations discovering a ‘dark side’ to AI, while data management and business intelligence (BI) tools will become commodities, with more vendors offering such tools in the cloud or via open source.
“Data governance is evolving from a focus on compliance and regulation to one of engagement and data consumerisation, enabling all business users across an organisation to leverage the data they need to collaborate, make strategic decisions, and accelerate the move to being a digital business,” said Felix Van de Maele, CEO and co-founder of Collibra. “This series D investment from some of the industry’s most highly respected and successful investment firms is strong validation of the ongoing adoption of data governance as a corporate discipline.
“This investment also speaks volumes to our investors’ confidence in the leadership Collibra has established in the data governance space and of our continued rapid growth,” added Van de Maele.
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