PrivCo Logo

Is your company data-ready?

Is your company data-ready?
February 24, 2021

The Daily Stack is a daily private market insights newsletter by PrivCo, a private company intelligence platform. Read our previous insights.
If you have friends who would enjoy reading this newsletter, please forward this email to them.

The exponential growth of data means that organizations need to find solutions to collect, store, analyze, and leverage data to inform decision-making. But instead of focusing on transforming data into actionable insights, many organizations are drowning in data. In fact, according to an HBR survey in 2019, 69% of organizations are not leveraging data to their advantage by becoming a data-driven organization. An increasingly popular solution for many organizations is to use data catalogs to automate data assets through metadata administration so that these catalogs can act as a single source of data knowledge for an enterprise. 

There are many big-name players involved in the data catalog space, including public companies IBM, Microsoft, and Amazon Web Services. Private companies are gaining recognition as well. Among them, Segment’s work in data has had the most success, second to Twilio, whom we talked about yesterday and who snapped up Segment for $3.2BN in November last year. California-based Alation and Belgium-based Collibra are similar competitors that have had success in scaling their businesses by helping enterprises with machine learning data catalog services. 

  • Alation is a Series C company that last raised funding in January 2019. 
  • Collibra, a unicorn, raised its Series F in April 2020.

🛡 Data Security
When the public talks about data, we often associate data with security and how data are protected. Security breaches and concomitant compliance with data regulations such as the EU’s General Data Protection Regulation (GDPR) and California’s Consumer Privacy Act (CPA) are imperative. Startups like Rubrik, Cohesity, and Bigid, to name a few, are enterprise-ready solutions for helping safeguard sensitive data.

  • Rubrik is one of the most highly valued, having raised over $500MM in funding and recognized as a Leader in Gartner’s 2020 Magic Quadrant for Data Center Backup and Recovery Solutions.
  • Cohesity, another unicorn, has raised over $650MM, including a Round E funding of $250MM in April 2020. It recently released a data-management-as-a-service offering in partnership with AWS.
  • Bigid, a soon-to-be unicorn, has raised 6 rounds of funding already with its most recent funding in December 2020, led by Salesforce and Tiger Global Management.

🏢 Top growth enterprise software

  • Not surprisingly, Tanium, who topped our list of top growth companies for enterprise software, focuses on cybersecurity and protecting data stored on the cloud.
Lucid Motor’s SPAC deal is worth $24BN
The $24BN deal for Lucid Motors will be the largest IPO for an electric vehicle startup ever.
[Read More]
Diversity Winning
Black and female founders land 30% of the largest US early-stage rounds in 2021 so far.
[Read More]
Since last week, PrivCo has added:
1,504 Companies | 214 Funding Activities | 82 M&A Deals

Funding & Deal Highlights:

Plume WiFi raises $270MM led by Insight Partners
Telecommunication Services • Equity • Palo Alto, CA

ScienceLogic raises $105MM
Cloud Technology Services • Round E • Reston, VA

Anuvia Plant Nutrients Corporation raises $103MM
Biotechnology • Round C • Zellwood, FL

Axiom Space raises $130MM led by C5 Capital
Aerospace & Defense • Round B • Webster, TX

Ozette Technologies raises $6MM led by Madrona Venture Group
Biotechnology • Seed • Seattle, WA

ImmuneID raises $17MM
Biotechnology • Equity • Boston, MA

TigerGraph raises $105MM led by Tiger Global Management
Analytics Software & Internet Services • Round C • Redwood City, CA

Excision BioTherapeutics raises $60MM
Biotechnology • Equity • Philadelphia, PA

Ally Technologies raises $50MM
Optimization Software & Internet Services • Round C • Bellevue, WA

Recogni raises $48.9MM
AI Software & Internet Services • Round B • San Jose, CA

Circle Inc raises $4MM
E-learning Software & Internet Services • Equity • New York, NY

Nacelle raises $18MM
E-Commerce Software & Internet Services • Round A • Santa Monica, CA

Super73 raises $20MM led by Volition Capital
Vehicle Manufacturers • Equity • Irvine, CA

vArmour Networks raises $58MM
Cyber Security Software & Internet Services • Equity • Mountain View, CA

Copado Solutions raises $96MM
Enterprise Software & Internet Services • Round B • Chicago, IL

Camping World Holdings acquires Lee’s Family Trailer Sales
Automotive & Consumer Vehicle Retail • Acquisition • Winham, ME

CBRE Group acquires 35% stake in Industrious office
Real Estate • Acquisition • Brooklyn, NY

Hologic acquires BioTheranostics for $230MM
Biotechnology • Acquisition • San Diego, CA

Kuehne & Nagel International acquires Paca for $1.5BN
Consumer Products • Acquisition • Chaska, MI

Redfin Corporation acquires Rentpath for $608MM
Real Estate Software & Internet Services • Acquisition • Norcross, GA

Forward to a Friend Forward to a Friend
Not a subscriber yet? Sign up here!
Have an interesting topic you want us to include. Let us know!
Copyright © 2021 PrivCo Media, LLC. All Rights Reserved.
Unsubscribe | | Contact Us
PrivCo Logo

© 2024 PrivCo Media, LLC


HomeSign inContactPricing