Data.World, which announced on April 5th that it had raised $50 million in Series C funding headed by Goldman Sachs, plans to use cloud-based technologies to give corporate-focused data discovery, data governance, and extensive data analytics features.
Data.World is distinct in that it is based on a knowledge graph, a collection of interconnected data concepts and entities that provides a “semantically ordered” view of an organization’s data and metadata.
Individual investors : Prologis Ventures, Shasta Ventures, Vopak Ventures, Sandbox Insurtech Ventures Data also featured Paul Albright, Zachary Karabell, and Scott Stephenson. Series C of the World.
What the founder has to say:
Brett Hurt- Founder of Data.World:
“We’ve been driven by the notion that data is the most transformative power in the industry, capable of causing tremendous, promising change in business and beyond, from the outset. Data silos have historically pushed IT, teams, to adopt a ‘command and control approach. This causes a slew of issues, ranging from overspending on data centralization efforts to sabotaging the entire company’s data culture. Data.World addresses these difficulties head-on by mapping siloed data to well-known business ideas, allowing anybody, from the C-suite to the IT department, to grasp and apply information.”
What the investors have to say:
Mike Reilly- Goldman Sachs:
“Data.World is at the crossroads of several current developments shaping the future of data management. We believe they are best-positioned to acquire significant market share in the expanding, high-growth data catalog industry, based on their positioning and product distinction.”
More About Data.World:
Data.World is a corporate data catalogue, or inventory, of all a company’s data assets. It explains where data is kept, how to find data sources, who has access to the sources, and who is in charge of the data.
All data catalogs can assist in the scanning, profiling, and indexing of metadata while also providing data set lineage (see Google Cloud Data Catalog, Alation Data Catalog, etc.).
According to Hurt, the latest round of funding, which brings DataWorld’s total capital to US $132.2 million, will be used for “global expansion, talent acquisition, and product innovation,” according to Hurt.
As part of its public sector customer acquisition efforts, the company plans to roughly increase the size of its 100-person workforce in the next 12 to 18 months. According to Hurt, DataWorld’s existing customers include states, counties, and local government entities
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