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Collibra nabs another $112.5M at a $2.3B valuation for its big data management platform

GDPR and other data protection and privacy regulations — as well as a significant (and growing) number of data breaches and exposees of companies’ privacy policies — have put a spotlight on not just the vast troves of data that businesses and other organizations hold on us, 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 that work. Collibra, which provides tools to manage, warehouse, store and analyse data troves, is today announcing that it has raised $112.5 million in funding, at a post-money valuation of $2.3 billion.
The funding — a Series F, from the looks of it — represents a big bump for the startup, which last year raised $100 million at a valuation of just over $1 billion. This latest round was co-led by ICONIQ Capital, Index Ventures, and Durable Capital Partners LIP, with previous investors CapitalG (Google’s 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 TechCrunch), 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.
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