Collibra, a New York-based startup that automates data management processes for large institutions has raised a total of $58 million led by Iconiq Capital. Iconiq Capital is the same Silicon Valley venture firm that invests on behalf of Facebook Inc. founder’s Mark Zuckerberg and other tech billionaires. Iconiq Capital is pitching in $30 million. Other investors in the latest $58 million round of capital include: Battery Ventures, Index Ventures and Dawn Capital, the company said Monday. To date, the company has raised a total of $123.5 million.
The company planned to use the new funding to hire more sales, engineering and product engineering staff in the U.S. and Europe. Collibra also plans to use the funding for global expansion, especially Australia within the coming year, Felix Van De Maele, the company’s co-founder and CEO said.
In a press release on it website, the company said:
“This Series D investment will help Collibra accelerate its ambitious growth plans – including a significant number of new hires in 2018 – and fuel its rapid global growth and industry leadership as a premier provider of data governance and catalog solutions. Collibra will use this investment to expand staff and scale operations, including advancing product development, supporting and growing the customer base and increasing customer success and adoption, and building strategic partnerships and alliances.”
“Data governance is evolving from a focus on compliance and regulation to one of engagement and data consumerization, enabling all business users across an organization 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.”
Collibra helps companies understand, govern and leverage their data. It does with information what business process management does with processes. Collibra helps IT organizations to reduce complexity, risk and costs. Collibra was founded mid 2008 as a spin-off from STARLab at the Free University of Brussels. The company is backed by venture capital, including the Brussels Imagination, Innovation and Incubation Fund, Brustart (GIMB), and business angels.