Secoda, launched in 2021, integrates with business intelligence and transformation tools, as well as data warehouses, to create a single source of truth for company data. It uses a ChatGPT-powered assistant to allow users to write documentation and search their company’s unified data catalog with natural language queries. The company has seen a fivefold increase in its customer base over the last year, managing over 100 million metadata resources. It plans to continue adding more connectors based on popularity and demand.
Key takeaways:
- Toronto-based Secoda, an AI-powered platform for data search, cataloging, lineage and documentation, has raised $14 million in a Series A funding round, taking its total fund-raise to $16 million.
- The funding round was led by existing investor Craft Ventures, with participation from Abstract Ventures, YCombinator and Garage Capital, as well as notable data ecosystem leaders.
- Secoda plans to use the funding to further develop its AI solutions and allow any enterprise user to search, understand and use company data as easily as searching on Google.
- Secoda's customer base has grown fivefold over the last year, with over 100 million metadata resources under management. The company plans to continue adding more connectors based on popularity and use demand.