Secoda

Secoda

Data management and enablement platform

About Secoda

Simplify's Rating
Why Secoda is rated
C
Rated D+ on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Data & Analytics

Enterprise Software

Company Size

11-50

Company Stage

Series A

Total Funding

$16.1M

Headquarters

Toronto, Canada

Founded

2021

Overview

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 deal with large amounts of data, ensuring that it is accessible, understandable, and trustworthy. Key features include data lineage tracking, which shows the origin and flow of data, and robust documentation capabilities for creating data dictionaries and metadata repositories. This makes it easier for teams to find and utilize the data they need. Secoda operates on a subscription model, allowing clients to access various features based on their specific data management requirements. The goal of Secoda is to enhance data governance and productivity by providing a single source of truth for data, thereby improving collaboration among data analysts, engineers, and business intelligence teams.

YC Company
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Simplify's Take

What believers are saying

  • Secoda raised $14M to expand its AI-powered data cataloging platform.
  • The rise of data mesh architecture aligns with Secoda's decentralized data management solutions.
  • Increasing data privacy regulations boost demand for Secoda's comprehensive governance tools.

What critics are saying

  • Competition from established platforms like Alation and Collibra is intensifying.
  • Customer resistance due to migration complexity and costs may hinder Secoda's adoption.
  • Economic downturns could impact Secoda's subscription-based revenue model.

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 collaboration among data teams.

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Funding

Total Funding

$16.1M

Below

Industry Average

Funded Over

2 Rounds

Notable Investors:
Series A funding typically happens when a startup has a product and some customers, and now needs funding to scale. This money is usually used to grow the team, expand marketing, and improve the product. Venture capital firms are frequently the main investors here.
Series A Funding Comparison
Meet Average

Industry standards

$15M
$8.2M
Discord
$13.9M
Secoda
$15M
Canva
$30M
Kalshi

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Parental Leave

Professional Development Budget

Home Office Stipend

Hybrid Work Options

Company Social Events

Growth & Insights and Company News

Headcount

6 month growth

-6%

1 year growth

4%

2 year growth

6%
Secoda
Mar 27th, 2025
Data governance Policies: A complete guide

Secoda, Inc. is excited to announce the release of Policies, a powerful new feature in Secoda designed to strengthen your data governance capabilities.

TechCrunch
Sep 21st, 2023
Secoda secures $14M to expand its data cataloging platform

Secoda, a startup developing what it describes as an AI-powered data search and cataloging platform, today announced that it raised $14 million in a funding round led by Craft Ventures with participation from Abstract Ventures and several angel investors.

VentureBeat
Sep 21st, 2023
Secoda raises $14M to bring AI-driven, Google-like search to enterprise data

Secoda raises $14M to bring ai-driven, google-like search to enterprise data.

BetaKit
Sep 21st, 2023
Secoda closes $19-million CAD Series A to scale its data management AI copilot

Toronto-based Secoda has secured major funding to scale its AI-powered data management platform, with a $14-million USD Series A led by Craft Ventures.

Secoda
Jan 3rd, 2023
Support for real-time multiplayer editing | Secoda

Secoda is excited to announce that Secoda has added support for real-time multiplayer editing.

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Secoda is Hiring for 6 Jobs on Simplify!

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