Collibra Collects $250M in Funding for Data Intelligence Cloud – IoT World Today

Collibra Collects $250M in Funding for Data Intelligence Cloud – IoT World Today

The funding increases the cloud-hosted data intelligence platform company’s valuation to $5.3 billion.

Collibra has picked up $250 million in series G funding, nearly doubling the cloud-hosted data intelligence platform company’s worth to $5.3 billion. Sofina and Sequoia Capital Global Equities led the series G round, investing with Tiger Global, Battery Ventures, Capital G, Dawn Capital, Durable Capital Partners, ICONIQ and Index Ventures.

Collibra officials say the funding will help support its product development, partnerships, international growth and recruitment strategy. Its partners include Amazon Web Services and Google Cloud.

“With the growth of the datasphere expected to reach 181 zettabytes in 2025, the opportunity lies in how organizations can manage both the data sprawl and complexity,” said Aneesh Venkat, partner at Sequoia Capital Global Equities. “Collibra’s approach to delivering data intelligence will be the game-changer as organizations become more agile in their strategies and business operations.”

Founded in 2008, Collibra is a cloud-hosted data intelligence platform company that aims to catalog, trace and protect data in enterprise IT systems.

The software aims to enable effective data aggregation and storage so enterprises can use data to build automated workflows and business intelligence applications.

Source: https://www.iotworldtoday.com/2021/11/19/collibra-collects-250m-in-funding-for-data-intelligence-cloud/