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Applications & OS News

DataOps Tech Developer Immuta Raises $90 Million In Series D Funding

Rick Whiting

Startup will apply the new capital to expanding its global go-to-market efforts, accelerating its R&D and establishing strategic partnerships with cloud data companies.

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Cloud data technology developer Immuta has raised $90 million in Series D funding, financing the company plans to use to accelerating its product research and development, expand global sales and marketing efforts, and deepen “strategic partnerships within the cloud data ecosystem.”

The latest funding comes less than a year after the company raised $40 million in a Series C funding round and brings its total capital financing to $169 million.

Participants in the funding round included new investors Greenspring Associates, March Capital, NGP Capital and Wipro Ventures, in addition to participation from existing investors Ten Eleven Ventures, Intel Capital, DFJ Growth, Dell Technologies Capital, Citi Ventures and Okta Ventures.

[Related: The Big Data 100 2021]

Enabling the legal and ethical use of data is becoming a major challenge for businesses and organizations. Immuta’s automated data governance platform is used by data engineering and data operations teams to maintain granular, dynamic control over who can access data and for what purposes, ensuring security and privacy compliance.

“We’ve entered a new era in data and analytics fueled by ubiquitous cloud storage, new cloud data management tools, and the rise of DataOps,” said Immuta’s CEO Matthew Carroll, in a statement. “In this new environment, data teams are challenged to provide secure, scaled access to thousands of cloud data products while maintaining strong security, privacy protection, and auditability. Traditional methods of data access control don’t work, don’t scale across cloud compute platforms, and can limit data utility.”

Immuta says its platform provides DataOps management capabilities without requiring data to be moved, copied, or manually provisioned. The software works with database systems and data warehouses including Snowflake, Azure Synapse and Amazon Redshift and provides data governance for big data systems such as Starburst and Databricks.

Just last week Immuta unveiled enhanced integration between its platform and Amazon Redshift, Azure Synapse Analytics, Databricks SQL Analytics and Trino (formerly PrestoSQL). The company said the new links provide universal cloud data access across the most popular data lakehouse systems.

Boston-based Immuta, founded in 2015, said it achieved record annual growth in 2020 and rising market share within the DataOps technology market.

Rick Whiting

Rick Whiting has been with CRN since 2006 and is currently a feature/special projects editor. Whiting manages a number of CRN’s signature annual editorial projects including Channel Chiefs, Partner Program Guide, Big Data 100, Emerging Vendors, Tech Innovators and Products of the Year. He also covers the Big Data beat for CRN. He can be reached at rwhiting@thechannelcompany.com.

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