Top-5 Data and Analytics Vendor Funding Rounds of 2017 (So Far)

Top-5 Data and Analytics Vendor Funding Rounds of 2017 (So Far)

Big Data is big business, and the marketplace for data analytics software is gushing with innovative options to make use of organizational information assets. Proliferation in data analysis has seen a vibrant technology landscape grow even brighter, with lots of interest from outside firms to get in on the action. With billions invested and trillions in valuation, Big Data providers are beginning to emerge as some of the fastest-growing companies on the planet. These five solution providers have cashed in, and represent the five largest funding rounds of the year to date.

Collibra ($50M, January)

Collibra was founded in 2008 and offers an automated Data Governance solution that focuses on business applications. Their $50 million-dollar January round was led by ICONIQ Capital with participation from Battery Ventures and existing backers Dawn Capital, Index Ventures and Newion Investments. The investment brings the company’s total earned to more than $74 million. Over the past year, Collibra has addressed the increased demand for its data governance solutions. The company’s global partner ecosystem now includes more than 200 organizations globally.

Alteryx ($126M, March)

Alteryx rang the opening bell at the New York Stock Exchange back in March in celebration of its initial public offering (IPO). To do so, the self-service analytics provider raised $126 million and released 9,000,000 shares of its Class A common stock at a price of $14 per share. Founded in 2010 and based in Irvine, California, Alteryx has raised $163 million in investment funding since 2013. Goldman, Sachs & Co. and J.P. Morgan Securities LLC acted as joint book-running managers for the offering. Alteryx now trades under the symbol AYX.

Looker ($81.5M, March)

Looker’s March 30th Series D was worth just north of $81 million. The round was led by CapitalG, Alphabet’s growth equity fund and included participation from new investors Geodesic Capital and Goldman Sachs, as well as from Looker’s previous investors Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures and Sapphire Ventures. Looker has expanded its product capabilities and invested in Asia Pacific markets as a result. Since being founded in 2011, Looker has raised more than $177 million.

Snowflake ($100M, April)

Snowflake’s April D round was led by ICONIQ Capital and accompanied by Madrona Venture Group. Existing partners also contributed. Snowflake offers a fully-managed service with a pay-as-you-go model that works on structured and semi-structured data. New funding has propelled the Data Management provider to expand operations across the US and UK and establish connections with the EU and Asia Pacific. The company also plans to grow it’s engineering team for their cloud data warehouse product and deliver feature enhancements to cloud and on-prem solutions.

Rubrik ($180M, May)

Rubrik secured $180 million in Series D in May at a valuation of $1.3 billion. With the injection, the company has raised more than $290 million since its founding in 2014. This news came on the heels of their last venture funding round in August of 2016. Rubrik offers a cloud Data Management platform that is used by some of the world’d largest firms. Most recently, the company announced Rubrik for AWS and Azure cloud native applications and data orchestration across clouds. Additionally, they’ve hired more than 330 new employees and expanded to five continents in the last year.

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Timothy King

Senior Editor at Solutions Review
Timothy is Solutions Review's Senior Editor. He is a recognized thought leader and influencer in enterprise BI and data analytics. Timothy has been named a top global business journalist by Richtopia. Scoop? First initial, last name at solutionsreview dot com.
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