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 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 operates on a subscription model, where clients pay a recurring fee for access to the platform and its features. The goal of Secoda is to improve data governance and productivity for data-centric organizations by providing a single source of truth for their data, facilitating better collaboration among team members.

Simplify's Take

What believers are saying

• Secoda raised $14M to expand its AI-driven data cataloging platform.
• The rise of data democratization aligns with Secoda's mission, potentially expanding its user base.
• Integration with AI-driven data quality tools enhances data accuracy and reliability.

What critics are saying

• Increased competition from established platforms like Alation and Collibra.
• Potential customer resistance due to existing investments in other data management tools.
• Challenges in scaling to meet the needs of larger enterprises.

What makes Secoda unique

• Secoda centralizes data knowledge, reducing the need to switch between multiple tools.
• It offers AI-powered data search, enhancing data discovery and accessibility.
• Secoda supports real-time multiplayer editing, improving collaborative data analysis.

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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