Immuta has successfully raised $266.2 million over seven funding rounds, achieving a valuation of over $1 billion. The platform offers granular, dynamic control over data access, primarily serving secure organizations.
Keep reading to explore the intricacies of Immuta's fundraising journey and the investors backing this innovative platform.
What Is Immuta?
Founded in 2014, Immuta is headquartered in College Park, Maryland, with additional offices in Boston and Columbus. The company was established by Steve Touw and Matthew Carroll.
Immuta specializes in providing granular, dynamic control over data access, enabling secure data collaboration for organizations. Their platform is widely used by financial institutions, telecommunications companies, and national security organizations.
With a team of 51-200 employees, Immuta continues to innovate in the field of data access governance and data marketplaces, helping businesses manage and secure their data efficiently.
How Much Funding Has Immuta Raised?
- Seed Round
- Amount Raised: $1,500,000
- Date: July 2015
- Lead Investors: Blu Venture Investors
- Motivation Behind the Round: To support the initial development and launch of Immuta's platform.
- Series A (February 2017)
- Amount Raised: $8,000,000
- Date: February 2017
- Lead Investors: Drive Capital, Greycroft Partners
- Motivation Behind the Round: To make data swaps fully legal exchanges.
- Series A (July 2017)
- Amount Raised: $6,700,000
- Date: July 2017
- Lead Investors: Drive Capital, Greycroft Partners
- Series B
- Amount Raised: $20,000,000
- Date: June 2018
- Lead Investors: DFJ Growth
- Series C
- Amount Raised: $40,000,000
- Date: May 2020
- Series D
- Amount Raised: $90,000,000
- Date: May 2021
- Series E
- Amount Raised: $100,000,000
- Date: June 2022
- Lead Investors: NightDragon
- Valuation at Round: $1 billion
- Motivation Behind the Round: To support product development, expand sales and marketing, and enable key acquisitions in the data monitoring space.
Immuta has raised a total of $266.2 million and is currently valued at $1 billion.
Key Investors
- NightDragon
- Details: NightDragon is a venture capital firm focused on growth and late-stage investments. It led Immuta's Series E funding round.
- Investment Focus Areas: Cybersecurity, safety, security, privacy
- Notable Investments: Not specified in the sources
- Snowflake Ventures
- Details: Snowflake Ventures is the investment arm of Snowflake, a cloud-based data-warehousing company. It participated in Immuta's Series E funding round.
- Investment Focus Areas: Companies enhancing the Snowflake ecosystem
- Notable Investments: Not specified in the sources
- Dell Technologies Capital
- Details: Dell Technologies Capital is the venture capital arm of Dell Technologies, focusing on early to growth-stage companies. It is an existing investor in Immuta.
- Investment Focus Areas: Enterprise technology
- Notable Investments: Not specified in the sources
- DFJ Growth
- Details: DFJ Growth is a venture capital firm that invests in growth-stage technology companies. It is an existing investor in Immuta.
- Investment Focus Areas: Growth-stage technology companies
- Notable Investments: Not specified in the sources
- Drive Capital
- Details: Drive Capital is a venture capital firm that led Immuta's Series A funding round. It focuses on investing in innovative technology companies.
- Investment Focus Areas: Innovative technology companies
- Notable Investments: Root Insurance, Olive
What's Next for Immuta?
Immuta stands at the cusp of significant growth opportunities, driven by the increasing demand for cloud data security and compliance with privacy regulations. With the recent $100 million Series E funding, the company is poised to expand its product development, sales, and marketing efforts. The data governance sector, predicted to be worth $6 billion by 2026, offers a vast market for Immuta to tap into, especially with the surge in venture spending on data privacy and security.
Future fundraising opportunities seem promising as Immuta continues to solidify its market position and pursue strategic acquisitions. However, the company may face challenges in navigating complex regulatory landscapes and ensuring seamless integration with existing tools. Balancing the need for robust data security with fast data access will be crucial as Immuta aims to enhance its platform and expand its customer base in both the private and public sectors.
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