Lyon-based DataGalaxy, a Data Knowledge Catalog that helps organisations understand how their entire business runs on data, announced on Thursday, July 6, that it has raised $10M (approximately €9.19M) in a seed round of funding.
Besides fundraising, the company also announced that it has surpassed over 120 customers. Some of the clients include Dior, Swiss Life, Technip Energies, TotalEnergies, and Sephora, among others.
DataGalaxy has the backing of major investors from both the US and Europe. The $10M seed round was led by AV8 Ventures, with participation from Orange Ventures and previous investors NewFund and Evolem.
Specialising in collaborative data governance
Founded in 2015 by Lazhar Sellami and Sébastien Thomas, DataGalaxy claims to be the industry’s first Data Knowledge Catalogue, assisting firms in understanding how data drives their whole organisation.
The company provides a user-centric platform dedicated to metadata mapping, active metadata management, and metadata knowledge sharing.
DataGalaxy’s approach to data governance and cataloguing enables organisations of all sizes to acquire control over their data assets and make better, more informed decisions.
Employees from all teams can cooperate by utilising centralised and homogenous data sets, thanks to a data catalogue.
With a semantic layer, the company’s data catalogue clarifies data definitions, synonyms, and critical business qualities so that all users can understand and exploit their data as an asset.
DataGalaxy says it is constantly innovating and expanding its product offering to meet the changing demands of organisations on their data literacy journeys.
Capital utilisation
DataGalaxy claims that the fresh funds will help expand its operations in the US, enhance its data product line, and accelerate its expansion plans.
Sellami says, “We are delighted to reach these significant milestones – they are a testament to the hard work and dedication of our team, as well as the trust and confidence our customers, partners, and investors have placed in us.”
“We remain committed to delivering exceptional data transformation solutions and driving innovation to help our customers foster a data-driven culture in their organisations,” adds Sellami.
