Data firm Collibra bags $100m funding
Collibra, a data governance and catalogue software, has been granted $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.
Collibra’s AI and ML tech get an oomph
CapitalG, Alphabet’s growth equity investment fund, led the round, with participation from existing investors Iconiq Capital, Index Ventures, Dawn Capital and Battery Ventures.
“Now more than ever, we live in an economy where the most innovative companies are fuelled by data. It has become our most valuable asset,” says Felix Van de Maele, CEO and co-founder of Collibra.
The firm says it has achieved a record revenue year, with an 80% increase in annualised recurring revenue and quick expansion.
The investment is expected to be used to fund the expansion of the product portfolio and business growth.
Collibra plans to extend its artificial intelligence (AI) and machine learning (ML) capabilities both within its cloud platform and in its support of data science teams.
