Belgium/US-based data governance technology company Collibra has raised $100 million from CapitalG, Google’s growth investment arm, giving it a valuation above $1 billion according to De Tijd and Fortune.
Basically, the company’s solutions make it easier to find, interpret and trust the organisational data they need to make business decisions, information that is usually stuck in silos or otherwise hard to obtain or understand.
The scale-up previously raised €40 million in a funding round led by ICONIQ Capital, the investment firm linked with Mark Zuckerberg and several other Silicon Valley elites, and before that $50 million from the likes of Battery Ventures, Dawn Capital, Index Ventures, and Newion Investments.
This series E funding round brings its total funding to $233 million.
The company says it plans to extend its AI and machine learning capabilities both within its cloud-native platform and in its support of data science teams for their own analytics initiatives.
Collibra’s solutions are used today by over 300 global customers in industries ranging from financial services to healthcare, retail and technology, the company added.