Collibra closes $50M Series C financing
Collibra, a leader in data governance software for business users, today announced it has closed $50 million in Series C financing led by San Francisco-based ICONIQ Capital with participation from investment firm Battery Ventures. Existing investors Index Ventures, Dawn Capital and Newion Investments also participated in the Series C round. This latest investment will help Collibra continue to fuel its rapid growth and industry leadership as a premier provider of data governance solutions. The Brussels- and New York-based company started out at the Vrije Universiteit Brussel (VUB) and has gone on to witness prolific growth since it was founded in 2008. To date, Collibra has secured more than $75 million in venture funding. Collibra also benefited from support from the university BI3 Fund and the Finance.Brussels group SRIB/GIMB, which supports businesses expanding in the region.
With this investment, Matt Jacobson, General Partner with ICONIQ, will join the Collibra board of directors; Battery General Partner Dharmesh Thakker will join the board as an observer.
Organizations are increasingly adopting data governance as a “system of record” to help them exercise control over processes and methods employed by data users to improve data quality. The Collibra integrated data governance platform helps hundreds of organizations across the globe in industries including financial services, retail, healthcare, education, technology, government and others find, understand, and trust the data they need to be truly data-driven enterprises and to gain competitive advantage.
Industry influencers continue to recognize the strength of the Collibra solution: Gartner Inc., named Collibra a leader in its August 2016 Gartner Magic Quadrant for Metadata Management Solutions. Forrester has recognized Collibra as a leader in its Forrester Wave: Data Governance Stewardship Applications 2016. Collibra was also named the “Best Data Governance Solution” in the 2016 Data Management Review awards.
Over the past year, Collibra has addressed the increased demand for its data governance solutions. The company’s global partner ecosystem now includes more than 200 organizations in the U.S., EMEA and Latin/Central America. In May 2016, Collibra hosted its inaugural Data Citizens Conference in New York, drawing hundreds of attendees. The 2017 event is scheduled for May 2-3 in the New York City area.
In October, Collibra released Version 5.0 of the Collibra data governance center platform, as well as the Collibra Catalog — a data catalog that helps data scientists and citizen data analysts spend less time looking for data and more time solving critical business challenges. Collibra 5.0 takes an advanced “consumerized” approach to data governance technology, enabling business users to “shop” for and find data in much the same way as they shop for products in their everyday lives on consumer sites like Amazon.
“Collibra was born to address a real problem: how enterprises can meaningfully leverage data to transform their businesses,” said ICONIQ’s Jacobson. “We have been very impressed with how large, sophisticated customers have spoken about the Collibra product’s strength and emerging market leadership. I’m personally excited to work hands-on with Felix and his team to support their continued success.”
“Data is clearly now a strategic asset for companies across industries,” said Battery’s Thakker. “As more and more organizations hire chief data officers, Collibra gives them the tools to better leverage data for competitive advantage.”
As the leader in data governance for business users, Collibra helps organizations across the world gain competitive advantage by maximizing the value of their data across the enterprise. Collibra is the only platform purpose-built to address the gamut of data stewardship, governance, and management needs of the most complex, data-intensive industries. Our flexible and configurable cloud-based or on-premises solution puts people and processes first – automating data governance and management to quickly and securely deliver trusted data to the business users who need it.
Source: Index Ventures Press Release