Big Data Software Developer Collibra Raises $112.5M In Funding Round

Collibra, a rising developer of big data cataloging and governance software, has raised $112.5 million in a new round of funding, the Brussels, Belgium-based company said Thursday.

The funding round brings the company’s total venture funding to $345.5 million and puts its post-money valuation at $2.3 billion.

“We are passionate about helping companies better understand, trust and benefit from their data,” said Felix Van de Maele, Collibra co-founder and CEO, in a statement. “Collibra is dedicated to helping organizations drive data collaboration across teams, and by partnering with our new and existing investors we further strengthen our position – and the position of our customers – to unlock the value of enterprise data.”

[Related: 10 Hot Big Data Companies To Watch In 2020]

Collibra’s cloud-based platform is used to identify and index data that’s scattered across multiple systems within an organization and apply it to business decision making and analytics, data privacy and data protection tasks, creating what the company calls a “data-driven” business.

The company also offers related tools for managing data governance and risk. In January the company launched Collibra Data Lineage, software that automates data lifecycle mapping chores.

Collibra, founded in 2008, competes with data catalog software from a number of other established and startup vendors including Google, Talend and Alation. Just last week Hitachi Vantara completed its acquisition of startup Waterline Data, adding that startup’s data catalog software to its Lumada portfolio of DataOps tools.

Last month Collibra said that its software is being used by a number of U.S. government agencies including the U.S. Department of the Army, the Office of the Secretary of Defense, the Defense Intelligence Agency, the Food and Drug Administration the Federal Aviation Administration and the Centers for Disease Control and Prevention, among others.

The funding round was led by existing investors ICONIQ Capital and Index Ventures and first-time investor Durable Capital Partners. Existing investors Battery Ventures, CapitalG and Dawn Capital also participated in the round.