Automated data governance company Immuta secures $90m in Series D
Immuta, a provider of automated data governance with a cloud native platform, announced that it has raised $90 million in Series D funding led by new investor Greenspring Associates.
The Maryland-based start-up said that the capital will be used for strengthening its market leadership position and take control of the increasing demand for centralized, scalable access control across cloud data sets that are increasingly diverse and distributed on various compute platforms.
Existing investors – Ten Eleven Ventures, Intel Capital, Dell Technologies Capital, DFJ Growth, Okta Ventures, and Citi Ventures, took part in the Series D round.
Apart from Greenspring Associates, the other new investors who took part in the funding round were March Capital, Wipro Ventures, and NGP Capital.
Just less than a year ago, Immuta had raised $40 million in a Series C investment, which was led by Intel Capital.
To date, the company has raised capital of $169 million.
Immuta will also use the Series D proceeds for fast tracking its product research and development, grow sales and marketing capacity to capture increasing demand in the US, APAC, and EMEA, as well as for extending strategic partnerships within the cloud data ecosystem.
Separately, Immuta said that Azure Synapse and Amazon Redshift are the latest cloud data platforms to have been integrated with its platform.
Matthew Carroll – CEO of Immuta said: “We’ve entered a new era in data and analytics fueled by ubiquitous cloud storage, new cloud data management tools, and the rise of DataOps.
“In this new environment, data teams are challenged to provide secure, scaled access to thousands of cloud data products while maintaining strong security, privacy protection, and auditability.
“Traditional methods of data access control don’t work, don’t scale across cloud compute platforms, and can limit data utility. Immuta’s platform solves this problem elegantly without requiring data to be moved, copied, or manually provisioned. This new funding will accelerate innovation and GTM expansion so we can deliver our platform to more customers as we lead the charge to define the future of cloud data access control.”
Founded in 2015, Immuta is said to have partnered with major cloud data technology providers, thereby improving its platform to offer a single place for data teams to automate data across control throughout their entire cloud infrastructure.
Hunter Somerville – General Partner at Greenspring Associates said: “We looked at other competition in the space and Immuta’s product and solutions are really at the top of the heap.
“From intelligent data discovery to data access and control, to integration with all the top cloud analytics services, Immuta’s platform is best-in-class. We also liked that Immuta prioritized the data architecture and engineering team, from an end-sales standpoint, which we didn’t see from other solutions in the space.”