Collibra, the Brussel-based enterprise data governance and catalog software company, today announced $100 million in series E funding at a post-money valuation of more than $1 billion, bringing the company’s total venture funding to $233 million. CapitalG, Alphabet’s (Google) growth equity investment fund, led the round, with participation from existing investors ICONIQ Capital, Index Ventures, Dawn Capital and Battery Ventures.
The funding comes on the heels of a record revenue year, with an 80 percent increase in annualised recurring revenue and rapid expansion across the globe.
First Belgian tech startup unicorn!
With this investment, Collibra has now become the first Belgian tech startup unicorn with a valuation above 1 billion dollars. Unicorn is a common word in the tech world for companies whose valuation climbs above the billion dollars through successive rounds of capital. And Collibra has become the first private growth company to win the title.
Using fund to accelerate growth!
As per the official press release, the investment is expected to be used to fund the expansion of the product portfolio and to accelerate growth across the business.
Collibra plans to extend its artificial intelligence and machine learning capabilities both within its cloud-native platform — building more automation into its smart catalog product — and in its support of data science teams for their own advanced analytics initiatives.
“Collibra is putting organisations back in control of their data, helping them comply with changing legislation, embrace emerging technologies and capture the information that will enable them to design services and solutions built for the future,” said Derek Zanutto of CapitalG. “We look forward to partnering with Collibra and marrying Google and Alphabet’s machine learning and AI expertise with Collibra’s leadership in data collaboration, workflow management and risk management.”
Founded by Felix Van De Maele, Pieter De Leenheer and Stijn Christiaens, Collibra is the leader in data governance. Collibra helps organisations across the world to gain a competitive advantage by maximising the value of their data across the enterprise.
The solution offers enterprises to organise and manage data assets and related policies and rules. The 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.
Who benefits from using Collibra Data Governance
This platform can be used by the organisation of all sizes and designed to primarily support Chief Data Officers (CDO). Since it comes with a slew of products, it is useful for employees who are dealing with the organisation’s data governance and data management tasks.
Notably, users can incorporate their own proprietary services with Data Governance Center through the use of Collibra Connect tool.
In this regard, Collibra’s tools can connect to data repositories in platforms like Amazon Web Services (AWS), Microsoft Azure and Salesforce’s software.
Rivals?
The company indeed faces stiff competition from various firms including IBM and Informatica. Having said that, Salesforce’s recently invested $6.5 billion on MuleSoft in order to make the customer to access data across corporate infrastructure without any hassle.
300 global customers!
More than 300 global customers in industries ranging from financial services to healthcare, retail and technology, are leveraging Collibra’s platform to bolster their data-driven digital transformations.
“Now more than ever, we live in an economy where the most innovative companies are fueled by data. It has become our most valuable asset,” said Felix Van de Maele, CEO and co-founder of Collibra. “This investment is a testament to Collibra’s leadership and our ability to help customers transform their market proposition through data-driven insight. With this latest round, we are well-positioned to leverage our heritage in understanding data to help our customers utilise the most cutting-edge innovation to power their digital transformation journeys.”
To know more about Collibra and the founder’s inspiring story, take a quick peek at the podcast and e-book series of AWS Startup Stories.
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