data.world has raised $26 million in venture capital funding, according to a press release on the company’s website. Led by new and existing investors, the funding brings the company’s total earned to more than $70 million since its founding 2015. The capital injection will enable data.world to hasten development of its data governance capabilities and scale to meet increasing market demand for its data management product.
The data.world funding news comes on the heels of the company’s recent data catalog platform update. New data governance features help users more quickly and efficiently discover new data, request access, enrich metadata, and see how data is used within the organization. The new functionalities mean organizations are no longer constrained by data silos, complicated workflows, or opaque data resources.
It has been a banner year for the Austin, Texas-based solution provider with continued quarter-over-quarter customer expansion. data.world has also been named to various Gartner data management reports and touts one of the top scores in the researcher’s Peer Insights for metadata management solutions. The provider also has a unique continuous release cycle that has seen the platform updated with more than 1,000 new enhancements in the last year. data.world also launched a Coronavirus Data Resource Hub, a free an open data catalog for COVID-19 research.
In a media statement about the news, data.world co-founder and CEO Brett Hurt said: ” Our customers rely on data.world’s enterprise data cataloging and governance capabilities to help them meet their critical business goals and thrive in this new economy. And having this level of investor validation, where we raised most of our round after COVID-19 hit, is a testament to our team’s performance and our ambitious mission to help our customers and the world become more data-driven.”
Learn more about the data.world funding in A Historic Investment in Fueling Data Cultures in the company’s blog.
Learn more about the data.world funding here.
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