Total amount raised
$1 Billions
Latest funding date
June, 2022
Location
Immuta has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The platform specializes in data governance, offering automated data access and governance solutions.
Keep reading to explore the intricacies of Immuta's fundraising journey and the investors backing this innovative platform.
What Is Immuta?
Immuta, founded in 2015, is headquartered in Boston, Massachusetts. The company was established by Michael Schiller, Sapan Shah, and Steven Touw.
Specializing in data governance and access control, Immuta provides a platform that automates data access through workflows and AI. This enables organizations to unlock value from their cloud data while ensuring security and compliance.
With a team of 101-250 employees, Immuta serves a diverse range of industries, including financial services, healthcare, and the public sector.
How Much Funding Has Immuta Raised?
- Seed Round
- Amount Raised: $1.5M
- Date: July 2015
- Lead Investors: Blu Venture Investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial product and establish a market presence.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: January 2016
- Lead Investors: Greycroft
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $6.7M
- Date: July 2017
- Lead Investors: Drive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series B
- Amount Raised: $20M
- Date: June 2018
- Lead Investors: DFJ Growth
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in sales and marketing.
- Series C
- Amount Raised: $40M
- Date: June 2020
- Lead Investors: Intel Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and support global expansion.
- Series D
- Amount Raised: $90M
- Date: May 2021
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate growth and further develop the platform.
- Series E
- Amount Raised: $100M
- Date: June 2022
- Lead Investors: NightDragon
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product innovation and expand market presence.
- Series E
- Amount Raised: Not publicly disclosed
- Date: February 2023
- Lead Investors: ServiceNow
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform capabilities and support strategic initiatives.
- Series E
- Amount Raised: Not publicly disclosed
- Date: May 2023
- Lead Investors: Databricks Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive product innovation and strengthen platform integration.
Total Amount Raised: $258.2M
Current Valuation: Not publicly disclosed
Key Investors
- Databricks Ventures
- Details: Databricks Ventures is the investment arm of Databricks, a company specializing in data and AI solutions. They focus on strategic investments to foster innovation and integration within the data ecosystem.
- Investment Focus Areas: Data, AI, machine learning technologies.
- Notable Investments: Not publicly disclosed.
- ServiceNow
- Details: ServiceNow is a cloud computing company that provides enterprise software for technical management support. They aim to streamline and automate business processes across various industries.
- Investment Focus Areas: Enterprise software, cloud computing, IT services.
- Notable Investments: Not publicly disclosed.
- NightDragon
- Details: NightDragon is a venture capital firm that invests in growth and late-stage companies within the cybersecurity, safety, security, and privacy sectors. They support companies that aim to protect digital and physical assets.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Not publicly disclosed.
- Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation, focusing on technology startups and companies. They aim to drive innovation in the tech industry through strategic investments.
- Investment Focus Areas: Technology, AI, cloud computing, data analytics.
- Notable Investments: Not publicly disclosed.
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that invests in high-growth technology companies. They support companies that are poised to become leaders in their respective fields.
- Investment Focus Areas: Technology, software, internet, mobile.
- Notable Investments: Not publicly disclosed.
What's Next for Immuta?
Immuta's future looks promising with the strategic investment from Databricks Ventures. This partnership aims to enhance product innovation and strengthen platform integration, opening doors to increased enterprise adoption and global expansion into EMEA and APAC regions. The company has already seen a 200% increase in Annual Recurring Revenue (ARR), indicating substantial growth potential.
As Immuta continues to grow, future fundraising opportunities seem likely to support further expansion and innovation. However, the company will need to navigate challenges such as maintaining rapid growth, ensuring seamless integration with various cloud data platforms, and staying ahead of evolving data security threats. Competing in a crowded market will also require strategic planning and execution.
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