Data.world secures $26 million funding, exemplifies the use of semantics and knowledge graphs for metadata management
Data.world wants to eliminate data silos to answer business questions. Their bet to do this is to provide data catalogs powered by knowledge graphs and semantics. The choice of technology seems to hit the mark, but intangibles matter, too.
Data.world, a vendor offering a knowledge graph powered, cloud-native enterprise data catalog solution, has announced it has closed a $26 million round of venture capital funding led by Tech Pioneers Fund. This is Data.world’s fourth and largest round of funding to date. The latest infusion of capital puts the total raised by Data.world at $71.3 million.
Two years after the unveiling of its enterprise offering, Data.world is showing strong growth and keeps evolving its offering. The company wants to use the investment to accelerate its agile data governance initiatives, scale to meet increased market demand for its enterprise platform, and continue to deliver its brand of product and customer service.
We take the opportunity to review its progress, and through it, the prospects for the sector at large.
Most of the time when we talk about data the narrative is along the lines of “data is the new oil.” While data can power insights and applications, that’s not really possible without governance and metadata. We are past the Big Data infatuation stage: Databases and data management technologies today are capable of handling the requirements of most organizations.