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data.world Secures $26M For Cloud Data Catalog

closed on an oversubscribed $26 million round of venture capital funding led by .

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Other participants in the round include new investors , , and . The investment brings Austin-based data.world鈥檚 total funding to $71.3 million since the company was founded in 2015, according to 附近上门 data.

The company creates cloud-native data catalog maps of an enterprise’s data, such as business concepts, and turns the it into one body of knowledge that anyone can explore for insights and recommendations on related assets.

鈥淭he crazy reality of this space is how bad the data silo problem is, not just here, but all over the world,鈥 CEO told 附近上门 News.

The new funds will be used to ramp up sales and marketing, product development, and establishing new partnerships, Hurt said.

Due to the pandemic, many of the big conferences that drove data.world鈥檚 leads were canceled, but the company was still able to meet its lead generation goals, he added.

鈥淭hat was a bright greenlight for opening up the aperture for more spending on sales and marketing,鈥 Hurt said. 鈥淲e also will spend time pioneering agile data governance, which is an important need in the data cataloging industry because you have to be careful what data goes to what person.鈥

Two of the company鈥檚 current partnerships include , an online resource dedicated to small business, and cloud data platform . Hurt said customers can set up a data catalog on Snowflake in approximately 10 minutes, whereas it can take six to 12 months to do the same with competitors.

Next up, the company will be expanding into new vertical industries in the U.S. with its .

鈥淪o far, we haven鈥檛 found a vertical that doesn鈥檛 have a data silo problem,鈥 Hurt said. 鈥淎s for our knowledge graph, it is a really killer technical differentiator for us, so we will continue to light that up so that it lights up the dark data within a company.鈥

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