Menlo Ventures Leads Series C Round with Additional Participation from Jackson Square Ventures, Partech Ventures and Infosys as Hyper Growth Continues for Data Catalog Leader
Mountain View, Calif.—October 29, 2018—Waterline Data, a global leader in data cataloging solutions and applications, today announced the company has raised $14.5 million in Series C funding. Menlo Ventures led the round with additional participation from Jackson Square Ventures, Partech Ventures and Infosys. This round brings total capital raised to date to $37.5 million. After years of rapid growth, Waterline Data will use the investment to accelerate product innovation and continue to support an aggressive push toward global expansion and go-to-market strategies.
The company also announced the appointment of tech luminary Robert Youngjohns to its Board of Directors. Youngjohns, currently a senior advisor at McKinsey & Company and operating partner at HgCapital, recently served as EVP and GM at Hewlett Packard Enterprise where he led the company’s multi-billion dollar software portfolio, which included big data and analytics. Prior to that, he fulfilled a variety of leadership roles at many of the organizations that helped define today’s tech landscape, including IBM, Sun Microsystems, Callidus where he was CEO, and Microsoft where he was President of North America. Youngjohns currently serves as a board member for InMoment, Sitecore, Blueprint and Densify.
“Waterline Data has been sharply focused on leading the charge in empowering organizations to compete in the data economy with their innovative, AI-driven data cataloging solutions,” said Robert Youngjohns. “The rapid growth Waterline Data has been experiencing year after year continues as demand increases on a global scale. I am looking forward to working closely with the company to capitalize on all opportunities for growth as it builds on its commitment to help customers transform their mountains of data into real business value.”
Waterline Data–which makes it easy for Nordea, GSK, Fannie Mae and other large organizations to automate the discovery, classification and governance of data at petabyte scale without compromising security–also announced separately that it has named Ed Peek SVP of Worldwide Sales, a new position the company created to meet surging global demand. Waterline Data is in use by some of the world’s largest financial, food & beverage, tech, healthcare, pharmaceutical and manufacturing companies in the Fortune 100 and Global Fortune 500.
“Waterline Data’s AI-driven data cataloging solutions are an absolute must for any organization looking to quickly convert all of its information assets into true data-driven decision making as well as comply with increasing data security regulations,” said Kailash Ambwani, CEO of Waterline Data. “We are extremely grateful for the support of our investors and are thrilled to welcome global software leader Robert Youngjohns to our Board of Directors as we continue to build on our customer successes and take the company to new heights by making big data a reality for everyone.”
Investment Drives Best-in-Class Technology Innovation
The Waterline Data Catalog delivers the fastest and most accurate big data discovery engine with the highest scalability in the industry. With Waterline Data, petabyte enterprises gain a competitive edge through the fast and accurate self-service discovery of governed business data that can be easily accessed and analyzed by business users and quickly put to work delivering value to the organization. Waterline Data’s data catalog and governance applications are based on an AI and machine-learning driven metadata discovery platform that surfaces trusted information whether the data is located in a data lake, the cloud, or relational data stores.
About Waterline Data:
Waterline Data automates data discovery, compliance and the ability to take action on data by using a powerful combination of artificial intelligence, machine learning, ratings and reviews, and tribal knowledge to deliver a Smart Data Catalog. Our customers spend less time searching for data and more time using it to derive value while complying with data governance mandates such as GDPR. The company is funded by Menlo Ventures, Jackson Square Ventures, Partech Ventures, and Infosys, and implemented in large enterprises around the globe. Founded in 2013, the company is headquartered in Mountain View, California. For more, visit us via www.waterlinedata.com, Twitter or LinkedIn.
Enterprise data leaders interested in seeing Waterline Data in action can register for a personalized live demo here.