Total amount raised
$132.3 Millions
Latest funding date
Location
Data.world has successfully raised significant funding over multiple rounds, positioning itself as a key player in the data catalog industry. The platform offers a comprehensive suite of tools designed to enhance data discovery, governance, and DataOps.
Keep reading to explore the intricacies of Data.world's fundraising journey and the investors backing this innovative platform.
What Is Data.world?
Data.world is a prominent player in the data and analytics governance industry. The company specializes in providing a comprehensive data catalog platform that enhances data discovery, governance, and DataOps. Their platform is designed for enterprise-wide adoption and is AI-ready from the start.
Data.world serves a variety of industries, including financial services, healthcare, higher education, insurance, and government sectors. The platform empowers data leaders, engineers, governance professionals, and analysts to leverage data for improved decision-making and operational efficiency.
How Much Funding Has Data.world Raised?
- Series C
- Amount Raised: $50M
- Date: April 2022
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform capabilities.
- Series B
- Amount Raised: $11M
- Date: May 2021
- Lead Investors: Vopak
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: For product development, hiring, and customer acquisition.
- Series B
- Amount Raised: $26M
- Date: September 2020
- Lead Investors: Tech Pioneers Fund
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Likely for growth and development initiatives.
- Venture Round
- Amount Raised: $12M
- Date: September 2018
- Lead Investors: Workday Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and enhance product offerings.
- Venture Round
- Amount Raised: $19.3M
- Date: February 2017
- Lead Investors: Pat Ryan
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate platform development and market penetration.
- Venture Round
- Amount Raised: $14M
- Date: July 2016
- Lead Investors: Shasta Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To build out the initial platform and attract early customers.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: FYRFLY Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the company's operations and initial development.
Total Amount Raised: $132.3M
Current Valuation: Not publicly disclosed
Key Investors
- Vopak Ventures
- Details: Vopak Ventures is the venture capital arm of Vopak, a global company specializing in the storage and handling of oil, chemicals, and other bulk liquids. They led the $11 million funding round for Data.world and are also a customer of the platform.
- Investment Focus Areas: Data management, operational efficiency, innovative technologies.
- Notable Investments: Not publicly disclosed.
- Steve Pagliuca
- Details: Steve Pagliuca is an angel investor known for his involvement in various ventures. He participated in the $11 million growth funding round for Data.world.
- Investment Focus Areas: Technology, data management, general angel investments.
- Notable Investments: Not publicly disclosed.
- Rick Braddock
- Details: Rick Braddock is an angel investor with a history of investing in multiple startups. He was involved in the $11 million growth funding round for Data.world.
- Investment Focus Areas: Technology, innovative startups, general angel investments.
- Notable Investments: Not publicly disclosed.
- David Reuter
- Details: David Reuter is an angel investor with experience in funding early-stage companies. He participated in the $11 million growth funding round for Data.world.
- Investment Focus Areas: Early-stage technology companies, general angel investments.
- Notable Investments: Not publicly disclosed.
- Pat Ryan
- Details: Pat Ryan is an investor who led a $19.3 million venture round for Data.world in February 2017. He has a significant history of investing in various ventures.
- Investment Focus Areas: Technology, data management, innovative startups.
- Notable Investments: Not publicly disclosed.
What's Next for Data.world?
Data.world stands at the cusp of significant growth opportunities, driven by the expanding data prep industry, projected to be worth nearly $4 billion by the end of 2021. The company aims to enhance its product offerings, improve natural language search functions, and expand its customer base through targeted acquisition strategies.
Given the industry's growth and Data.world's recent successful funding rounds, future fundraising opportunities seem promising. The company may pursue additional investments to further expand its capabilities and market presence, potentially exploring strategic acquisitions to enhance technology and market reach.
However, challenges such as ensuring data accuracy, staying competitive, and scaling operations to meet increasing demand could pose hurdles. Attracting and retaining top talent in a competitive job market will also be crucial for sustaining growth and innovation.
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