data.world Raises $50M in Series C Funding

data.world, an Austin, TX-based provider of an enterprise data catalog for the modern data stack, raised $50M in Series C funding.

The round was led by Growth Equity, and Goldman Sachs Asset Management, with participation from Prologis Ventures, Shasta Ventures, Vopak Ventures, Sandbox Insurtech Ventures, Paul Albright, Rick Braddock, Zachary Karabell, Dave Liu, and Scott Stephenson. As part of the transaction, Mike Reilly, a vice president in the Growth Equity business within Goldman Sachs, has joined the data.world Board of Directors.

The company, which brings total funding raised to date to $132.3M, intends to use the funds to accelerate global expansion, talent acquisition, and product innovation.

Led by Brett Hurt, data.world provides an enterprise data catalog for the modern data stack. Its cloud-native SaaS (software-as-a-service) platform combines a consumer-grade user experience with a knowledge graph to deliver enhanced data discovery, agile data governance, and actionable insights.

The company has a customer base across multiple verticals including banking, insurance, high-tech, healthcare, and the public sector. Customers include Penguin Random House UK, Prologis, Verisk Analytics, WPP, the Associated Press, and Vopak.

data.world, a Certified B Corporation and public benefit corporation, has a large collaborative open data community with more than 1.6 million members, including 90% of the Fortune 500.

FinSMEs

11/04/2022