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Collibra secures $112.5 Million, Now Valued at $2.3 billion

Collibra secures $112.5 Million, Now Valued at $2.3 billion

Collibra secures $112.5 Million, Now Valued at $2.3 billion

Collibra has secured $112.5 Million has raised $112.5 Million in funding at a valuation of $2.3 Billion.

Founded in 2008, Brussels, Belgium-based Collibra is a data intelligence company. The company offers a cloud-based platform to build a data-driven culture for the digital enterprise. In total seven funding rounds, Collibra has raised a total of $346.5M to date, according to CrunchBase.

Collibra intends to use the funds to expand its business reach.

Executive Opinion

Co-founder and CEO for Collibra, Felix Van de Maele, said, "We are passionate about helping companies better understand, trust and benefit from their data. Collibra is dedicated to helping organizations drive data collaboration across teams, and by partnering with our new and existing investors we further strengthen our position – and the position of our customers – to unlock the value of enterprise data."

Founder and Chief Investment Officer for Durable Capital Partners LP, Ellenbogen, said, "Durable Capital Partners invests in innovative companies that have significant potential to shape growing industries and build larger companies. We believe Collibra is a leader in the Data Intelligence category, a space that could have a tremendous impact on global business operations and a space that we expect will continue to grow as data becomes an increasingly critical asset."

Collibra's Latest Funding Round

ICONIQ Capital and Index Ventures, and Durable Capital Partners LP led the latest funding round. Battery Ventures, CapitalG and Dawn Capital also participated in the latest funding round. 

For digital enterprises, Collibra's platform is an operating system for data and leveraging this data to help companies make decisions, notes the announcement.

PC:pixabay

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Mandar is a seasoned software professional for more than a decade. He is Cloud, AI, IoT, Blockchain and Fintech enthusiast. He writes to benefit others from his experiences. His overall goal is to help people learn about the Cloud, AI, IoT, Blockchain and Fintech and the effects they will have economically and socially in the future.

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