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 comprehensive data documentation tools that help 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, allowing clients to access various features based on their needs. The goal of Secoda is to provide a single source of truth for data, improving collaboration and productivity within data-centric organizations.

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

$15.6M

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

$100M

View all funding stages