Collibra, a provider of data governance software for business users, has closed $50 million in Series C financing led by San Francisco-based ICONIQ Capital with participation from investment firm Battery Ventures and existing backers Dawn Capital, Index Ventures, and Newion Investments.
To date, Collibra has secured more than $75 million in venture funding. With this investment, Matt Jacobson, general partner with ICONIQ, will join the Collibra board of directors; and Battery General partner Dharmesh Thakker will join the board as an observer.
According to Collibra, organizations are increasingly adopting data governance as a “system of record” to help them exercise control over processes and methods employed by data users to improve data quality. The Collibra integrated data governance platform helps organizations find, understand, and trust the data they need to gain competitive advantage.
Organizations understand today that data can only be leveraged as a strategic resource to the extent it can be accessed and also trusted, said Felix Van de Maele, CEO and co-founder of Collibra.
Collibra’s global partner ecosystem now includes more than 200 organizations in the U.S., EMEA and Latin/Central America.
In October, Collibra released Version 5.0 of the Collibra data governance center platform, as well as the Collibra Catalog, a data catalog that helps data scientists and citizen data analysts locate data more quickly. 5.0 takes an advanced “consumerized” approach to data governance technology, enabling business users to “shop” for and find data in much the same way as they shop for products in their everyday lives on consumer sites like Amazon, the company says.
For more information, go to www.collibra.com.