Secoda

Secoda

Data management and enablement platform

About

Secoda provides a tool for data management and enablement, helping organizations track, document, and discover their data efficiently. The platform is especially useful for businesses that manage large amounts of data, ensuring it is accessible, understandable, and trustworthy. Key features include data lineage tracking, which shows the origin and flow of data, and comprehensive data documentation capabilities that allow users to create data dictionaries and metadata repositories. This functionality enhances transparency and trust in the data used by teams. Secoda serves a wide range of clients, from small startups to large enterprises, and operates on a subscription model, offering various features tailored to different organizational needs. The goal of Secoda is to provide a single source of truth for data, improving collaboration and productivity within data-centric organizations.

Company Stage

Series A

Employees

11-50

Industries

Data & Analytics, Enterprise Software

Total Funding

$15.6M

Headquarters

Toronto, Canada

Founded

2021


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Simplify's Take

What believers are saying

  • Secoda raised $14M to expand its AI-powered data management platform.
  • Growing demand for centralized data management platforms benefits Secoda's market position.
  • AI-driven data cataloging tools are increasingly popular, aligning with Secoda's offerings.

What critics are saying

  • Increased competition from established platforms like Alation and Collibra.
  • Potential over-reliance on AI features may lead to customer dissatisfaction.
  • Challenges in scaling operations while maintaining service quality post-funding.

What makes Secoda unique

  • Secoda centralizes data knowledge, reducing the need to switch between multiple tools.
  • The platform offers AI-driven data search, enhancing data discovery and accessibility.
  • Secoda supports real-time multiplayer editing, improving team collaboration and productivity.

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Growth & Insights
Headcount

6 month growth

27%

1 year growth

64%

2 year growth

206%

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