INSUBCONTINENT EXCLUSIVE:
but also how they handle it
Today, one of the companies helping them cope with that data in a better and legal way is announcing a huge round of funding to continue
Collibra, which provides tools to manage, warehouse, store and analyse data troves, is today announcing that it has raised $112.5 million in
which last year raised $100 million at a valuation of just over $1 billion
growth fund), Battery Ventures, and Dawn Capital also participating.Collibra was originally a spin-out from Vrije Universiteit in Brussels,
Belgium and today it works with some 450 enterprises and other large organizations
Customers include Adobe, Verizon (which owns A Technology News Room), insurers AXA and a number of healthcare providers
Its products cover a range of services focused around company data, including tools to help customers comply with local data protection
policies and store it securely, and tools (and plug-ins) to run analytics and more.These are all features and products that have long had a
place in enterprise big data IT, but they have become increasingly more used and in-demand both as data policies have expanded, as security
has become more of an issue, and as the prospects of what can be discovered through big data analytics have become more advanced.With that
growth, many companies have realised that they are not in a position to use and store their data in the best possible way, and that is where
with a big IT trend, Collibra is not the only company chasing this opportunity
Competitors include Informatica, IBM, Talend, and Egnyte, among a number of others, but the market position of Collibra, and its advanced
Capital Partners LP, in a statement (Ellenbogen is formerly an investment manager a T
Rowe Price, and this is his first investment in Collibra under Durable)
general partner at ICONIQ Capital and Collibra board member, in his own statement
