Collibra, a New York City, and Brussels, Belgium-based data governance company, raised $23m in Series B funding.
The round was led by Index Ventures, with participation from Dawn Capital.
The company, which had raised $3M in total to date, intends to use the funds to accelerate growth by expanding its sales and marketing operations in the United States and Europe, and building out its product development and customer success teams. It plans to nearly double its headcount by hiring 80 employees over the next 12 months.
Founded in 2008 and led by CEO Felix Van de Maele, Collibra provides a business application that automates any data-related business process for enterprise users and knowledge workers.
Its Data Governance Center allows organizations to define and manage business glossaries and code hierarchies to understand what their data means, catalog data sets so that they can be found and consumed, document how the data flows through the organization to understand the impact of changes, specify policies and quality rules, assign clear responsibilities, and automate various review and approval processes to ensure policy and regulatory compliance.
It integrates with existing data management tools for technical users, as well as big data and analytics platforms.
Collibra currently has 90 employees and over 85 customers – including large banks and leading brands in the Technology, Healthcare, Retail, Telecom and Education sectors.
The company also has locations in London and Wroclaw.