MANTA secures $35 million in latest funding round to continue to support data lineage
MANTA, the data lineage platform, announced it has raised $35 million in Series B funding, enabling the company to invest further in its automated data management solutions.
The round was led by Forestay Capital, with participation from existing investors Bessemer Venture Partners, SAP.io, Senovo, Credo Ventures, Dan Fougere and new investor European Bank for Reconstruction and Development.
“We are excited to welcome both new and existing investors to expand our capabilities as more companies recognize the true value of data lineage and observability,” said Tomas Kratky, MANTA founder and CEO. “The funding enables us to continue our strong momentum by expanding our global presence and product development to help customers overcome blind spots in their increasingly complex data pipelines.”
The Series B funding round closes as the company has seen significant global growth of its world-class platform and expanded its global presence with new offices in Lisbon, Portugal and Dublin, Ireland, bringing its footprint to five offices across North America and Europe with more than 150 employees worldwide.
The recent launch of MANTA’s Release 36 delivers even deeper visibility into the most complex aspects of data pipelines with the ability to migrate to the Neo4j Graph Database.
Data management has undergone a massive transformation over the last decade, having evolved into diverse and interconnected ecosystems rife with blind spots that result in unreliable insights, slower data delivery, and increased number of incidents.
MANTA’s automated data lineage platform provides a line of sight into data environments by building a powerful map of all data flows, sources, transformations, and dependencies to help improve data governance, streamline migration projects, enable observability, and accelerate incident resolution, according to the company.
For more information about this news, visit https://getmanta.com.