KUALA LUMPUR, Jan 30 (Bernama) -- Data governance and catalogue software leader Collibra has raised $100 million in series E funding at a post-money valuation of more than $1 billion, bringing the company’s total venture funding to $233 million (US$ 1.00 = RM 4.11).
A statement said that Alphabet’s growth equity investment fund CapitalG led the round, with participation from existing investors ICONIQ Capital, Index Ventures, Dawn Capital and Battery Ventures.
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 catalogue product — and in its support of data science teams for their own advanced analytics initiatives.
“This investment is a testament to Collibra’s leadership and our ability to help customers transform their market proposition through data-driven insight,” said chief executive officer and co-founder of Collibra, Felix Van de Maele.
“With this latest round, we are well-positioned to leverage our heritage in understanding data to help our customers utilise the most cutting-edge innovation to power their digital transformation journeys,” he added.
More than 300 global customers in industries ranging from financial services to healthcare, retail and technology have leveraged on Collibra’s platform to bolster their data-driven digital transformations.
For more information, visit https://www.collibra.com.
-- BERNAMA
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