Alphabet’s growth equity investment fund invests in Collibra
Collibra, a provider of enterprise data governance and catalog software, has added $100 million in series E funding at a post-money valuation of more than $1 billion, bringing the company’s total venture funding to $233 million. More than 300 global customers in industries including financial services, healthcare, retail, and technology, are today leveraging Collibra’s platform to bolster their data-driven digital transformations, th company says.
CapitalG, Alphabet’s growth equity investment fund, led the round, with participation from existing investors ICONIQ Capital, Index Ventures, Dawn Capital, and Battery Ventures.
According to Collibra, this funding comes on the heels of a record revenue year, with an 80% increase in annualized recurring revenue and rapid expansion across the globe. The investment is expected to be used to fund the expansion of the product portfolio and to accelerate growth across the business. Collibra plans to extend its artificial intelligence and machine learning capabilities both within its cloud-native platform—building more automation into its smart catalog product—and in its support of data science teams for their own advanced analytics initiatives.
“Now more than ever, we live in an economy where the most innovative companies are fueled by data. It has become our most valuable asset,” said Felix Van de Maele, CEO and co-founder of Collibra. “This investment is a testament to Collibra’s leadership and our ability to help customers transform their market proposition through data-driven insight. With this latest round, we are well-positioned to leverage our heritage in understanding data to help our customers utilize the most cutting-edge innovation to power their digital transformation journeys.”
For more information, go to www.collibra.com.