Overview

Secoda provides a platform 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 tools for creating data dictionaries and metadata repositories. This functionality enhances transparency and trust in the data used by teams, including data analysts and engineers. Secoda operates on a subscription model, allowing clients to access various features tailored to their needs. The goal of Secoda is to improve data governance and productivity by providing a single source of truth for data, facilitating better collaboration among team members.

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:

Y CombinatorCraft Ventures

Notable Investors:

Y CombinatorCraft Ventures

$13,930,000

Series A

Jun 2023

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

Ind Avg. $15M

$3.7M

$5M

$8.2M

$13.9M

$15M

$30M

View all funding stages