When you’re a company responsible for managing big data, you need big funding. Collibra just raised $58 million to take their enterprise-scale data solutions to the next level.
On Monday, news broke that Collibra had secured its Series D round, led by existing investors ICONIQ Capital and Battery Ventures. Since its founding in 2008, Collibra has fundraised more than $133 million, including this latest round.
In addition to $58 million in the bank, Collibra will welcome former Marketo Chairman and CEO Phil Fernandez to the board of directors. In addition to his work with Marketo, Fernandez also serves as director of Yext.
“As someone who’s passionate about building disruptive, high-growth companies, I couldn’t be more excited to be joining the Collibra board of directors at this pivotal moment in the company’s history,” said Fernandez in a statement.
This investment speaks volumes to our investors’ confidence in the leadership Collibra has established in the data governance space."
In the same statement, CEO and co-founder Felix Van de Maele noted that “This investment speaks volumes to our investors’ confidence in the leadership Collibra has established in the data governance space and of our continued rapid growth.”
Rapid growth will, indeed, be the name of the game for Collibra moving into 2018. The company has already announced that a significant portion of the Series D round will be invested in a wave of new hires, as well as a scaling of the entire company.
Also ahead for Collibra: the company’s third annual Data Citizens Conference, a.k.a. the industry’s largest gathering focused data governance, set to take place May 1-2 in Jersey City, New Jersey.
Looking back to 2017, the company is fresh off an exciting year. The company added 50 to its staff, in addition to launching two new versions of its platform. With its latest innovation, Collibra aims to “consumerize” data, making it as easy to search and access as a product in an online store.
As more and more people use the internet as part of their daily lives, collecting and making use of data is becoming more important than ever to big companies. It’s solutions like Collibra that transform data from an endless, tangled web into something valuable.