The new funding will help data.world expand global operations and double its team size. Here are the top-line bullets you need to know.
data.world, an enterprise data catalog, has raised $50M in a Series C. The round drew participation from Goldman Sachs, Prologis Ventures, Sandbox Insurtech Ventures, Shasta Ventures, and Vopak Ventures, among others.
Want to learn more about VC activity in 2022? Check out our State of Venture Q1’22 Report.
HOW’S THE COMPANY PERFORMING?
- Texas-based data.world provides data management services that enable companies to enhance data discovery, access, analysis, and governance.
- The company caters to 1.6M members via its customers, including the Associated Press and Penguin Random House.
- data.world has launched more than 1K new products over the past 12 months.
- The startup is supported by a team of 100 employees and maintains an office in Austin, Texas.
Source: data.world
WHY DOES THE MARKET MATTER?
- The global data catalog market is expected to reach a value of $1.8B by 2026, growing at a CAGR of 23.1%, according to Mordor Intelligence.
- Accelerated digitization and data generation have contributed to market growth.
- Organizations have increasingly turned to data management solutions amid the pandemic-driven shift to hybrid and remote workforce models.
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