New Collibra Funding Values Firm at $5.25 billion

Data intelligence company Collibra has raised $250m in a Series G round of funding, which values the company at $5.25 billion, more than double the $2.35 billion announced just eighteen months ago.

Through its Data Intelligence Cloud, Collibra helps enterprises integrate their disparate data sources and find, understand and access this data, connecting it with business applications and applying data science and business intelligence tools. New funds will be used to expand this platform and the firm's presence globally, as well as to hire across engineering, sales, customer success and product positions. Collibra says it expects to double its headcount by 2023.

New funding has been led by Sequoia Capital Global Equities and Sofina, with participation from new investor Tiger Global Management and existing investors Battery Ventures, CapitalG, Dawn Capital, Durable Capital Partners LP, ICONIQ Capital and Index Ventures. Felix Van de Maele (pictured), founder and CEO of Collibra, comments: 'We are seeing overwhelming demand for our platform, and the interest from the investor community further validates our approach to helping our customers drive value from their own data. We are the only company in the industry that provides a single, fully integrated cloud-native platform to enable customers to accelerate their digital transformation journey'.

The company, which has offices in the US, Belgium, Australia, the Czech Republic, France, Poland and the UK, is online at www.collibra.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.