Belgian data governance startup Collibra raises $250M to compete with Microsoft in the cloud market; now valued at $5.25 billion | Tech News

Information governance tech startup Collibra introduced Tuesday it has raised $250 million in a late-stage funding spherical of funding that values the 13-year outdated startup at $5.25 billion. The spherical was led by Sequoia Capital and Belgium-based holding firm Sofina, with Tiger World additionally investing. Collibra can be backed by Zuckerberg cash supervisor Iconiq Capital, Alphabet’s enterprise unit CapitalG, and Index Ventures.

Collibra helps firms perceive, govern and leverage their knowledge. It does with info what enterprise course of administration does with processes. Collibra helps firms handle and analyze knowledge distributed throughout a number of international locations. Collibra’s instruments additionally allow firms to arrange and make higher use of the information they acquire throughout the enterprise. By centralizing inside and exterior knowledge on a cloud-based platform, the corporate makes it simpler for workers to collaborate and achieve a extra well-rounded view of the corporate’s operations.

Collibra CEO and co-founder Felix Van de Maele mentioned, “What we’ve seen during the last couple of years has been a lot extra knowledge. It’s moved to the cloud, there’s a whole lot of innovation.” Felix Van de Maele added, “Due to that there’s extra utilization of information, whether or not it’s via AI, machine studying, this entire digital transformation,” he added. “The result’s that there’s much more complexity, much more fragmentation.”

Based in 2008 as a spin-off from STARLab on the Free College of Brussels, Collibra competes with cloud giants like Microsoft, Snowflake, and Informatica within the knowledge administration and governance area. For instance, Collibra Lineage, which routinely maps relationships between knowledge to indicate how knowledge units are constructed, aggregated, sourced, and used, competes with Microsoft Azure Purview.

We first wrote about Collibra again in 2018 after the corporate raised $30 million in Collection D funding led by Iconiq Capital. The corporate is backed by enterprise capital, together with the Brussels Creativeness, Innovation and Incubation Fund, Brustart (GIMB), and enterprise angels.

Over time, billions of {dollars} have moved into the cloud market as buyers chase the subsequent cloud winner. One other cloud startup that benefited from a big inflow of cash into the area is Databricks. The corporate raised $1.6 billion at a $38 billion valuation in August. One other startup is Celonis which bagged $1 billion in a  funding spherical that valued the startup at $11 billion.

As we additionally reported late final yr, one low-profile investor, who guess large on Snowflake 9 years in the past, was able to turn his small investment into a windfall of $12.6 billion after the most important IPO pop since 2008. | Belgian knowledge governance startup Collibra raises $250M to compete with Microsoft within the cloud market; now valued at $5.25 billion | Tech Information


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