Stock Groups

Collibra doubles valuation as investors chase next cloud winner


Collibra CEO Felix Van de Maele.


LONDON — Software start-up Collibra said Tuesday it has raised $250 million in a round of funding that values the firm at $5.25 billion.

Collibra secured the new funds through a late stage investment by Sequoia Capital. Sofina is a Belgium-based holding firm. Tiger Global was also involved. It also has a number of employees. AlphabetCapitalG Ventures and ICONIQ Capital are the venture units of Index Ventures.

Collibra’s current valuation is $5.25 Billion. This represents twice the value of the $2.3 Billion investors paid for the company last year. Collibra intends to make use of the new funding to increase its workforce to two-thirds by 2023. LinkedIn reports that it has currently 953 employees.

Collibra, which was established in 2008 helps businesses analyze and manage data spread across many countries. Collibra, a New York- and Brussels-based firm competes against cloud giants such as Amazon. Microsoft Snowflake InformaticaIn the space of data governance and management.

CNBC’s Felix Van de Maele (Collibra CEO) said that “What we have seen in the past couple of years is so much more data.” It’s moving to the cloud and there is a lot more innovation.

He said, “Because that there’s more use of data, whether through AI or machine learning, the whole digital transformation.” It’s clear that the result is greater complexity and fragmentation.

Companies must navigate a variety of privacy regulations that affect their business, including the California Consumer Privacy Act (CCPA), and the European Union General Data Protection Regulations (GDPR). Collibra’s chief stated his firm solves that problem.

Money pouring into cloud

This deal is a reflection of the surge in cloud company investments at a moment when digital adoption has boomed during the coronavirus pandemic. Databricks raised $1.6 billionCelonis was valued at $38 Billion in August. bagged $1 billionIn a round, the company was valued at $11 million.

Following solid stock market debuts by Snowflake and others, investors seek out the next champion in cloud computing. GitLab. HashiCorp was the most recent high-growth enterprise technology firm. file for an initial public offering

Asked whether an IPO was on the horizon for Collibra, de Maele said that this was the goal — though there’s no specific time frame on its plans just yet.

His statement was that there is an enormous market opportunity. We have a solid position and are building up the company to become a publicly traded company.

There has been a lot consolidation of the market for enterprise software in recent years. MicrosoftBuy speech recognition company NuanceIn a $16 billion deal IntuitMailchimp, an email marketing company that offers a great deal on securing your business, is now available for $12 billion

De Maele denied that the firm he owned was being bought and stated his firm is more likely to do the purchasing. Collibra is more involved in corporate deals, as it bought SQLdep and OwlDQ in 2019.

Collibra chief Collibra said, “We think we can be large and independent companies.” “There’s a lot of really interesting technology, great teams, and we had a scale that we can do some of that M&A ourselves, which we plan to continue to do.”