Funding will accelerate growth, innovation, and expansion into new global markets
data.world, the enterprise data catalog for the modern data stack, today announced a $50M Series C financing led by the Growth Equity business within Goldman Sachs Asset Management (Goldman Sachs). Additional investors include Prologis Ventures, Shasta Ventures, Vopak Ventures, Sandbox Insurtech Ventures, Paul Albright, Rick Braddock, Zachary Karabell, Dave Liu, and Scott Stephenson. Total fundraising now stands at $132.3M.
data.world’s cloud-native SaaS data catalog combines an intuitive user experience and knowledge-graph foundation to deliver powerful data discovery, agile data governance, and actionable insights. The company has a strong 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. One of the few Certified B corporations in the data and analytics space and home to the world’s largest collaborative open data community, data.world is mission-driven to help organizations transform raw data into knowledge that everyone can use.
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“Leaders understand the importance of extracting key insights from their data to drive their business or organization, but they have struggled to put in place the necessary infrastructure to do so broadly across their departments and teams,” said Brett Hurt, co-founder and CEO of data.world. “We look forward to collaborating with our partners, including Goldman Sachs, to dramatically expand our product offerings, open new markets, and provide companies with solutions that drive data literacy, access, and usability all powered by our knowledge graph. We are quickly becoming the most deployed data tool within our customers and will continue to evolve our data catalog platform into the front office for data and analytics work. We couldn’t be prouder to add Goldman Sachs to our family of investors, and we are truly fortunate to be surrounded by so many incredibly helpful investors and advisors.”
The additional capital will accelerate data.world’s global expansion, talent acquisition, and product innovation to meet the growing market demand for its next-generation data catalog. 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.
“data.world sits at the intersection of several prevailing trends that are defining the future of data management,” said Reilly. “The company’s architecture allows for industry-leading ease and speed of integration with complex, heterogeneous data infrastructures. As data becomes the backbone of all businesses, data.world has created a UI purpose-built for both technical and business users ensuring that enterprises capture maximum value and adoption from their data investments. Given their positioning and product differentiation, we believe that they are best-positioned to capture extensive market share in the evolving, high-growth data catalog space.”
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