Immuta has raised $267M across multiple funding rounds, backed by leading investors including Greenspring Associates, DFJ Growth, and Databricks Ventures. The platform provides comprehensive data access governance and marketplace solutions, enabling organizations to automate secure data access while ensuring compliance. Immuta’s solutions help enterprises unlock value from cloud data, streamline workflows, and maintain regulatory standards efficiently.
What Is Immuta and What Does It Do?
Immuta, founded in 2015 by Michael Schiller, Sapan Shah, and Steven Touw, is headquartered in Boston, Massachusetts. The company offers a data governance and access control platform that unifies policy setting, visibility, auditing, and compliance across multiple systems. Immuta enables organizations to publish, discover, and approve access to data products through a single interface.
With a team of 101-250 employees, Immuta serves industries such as financial services, healthcare, and the public sector, helping them secure and manage sensitive data effectively.
How Much Funding Has Immuta Raised?
1. Seed Round
- Amount Raised: $1.5M
- Date: July 2015
- Lead Investors: Blu Venture Investors
- Motivation: To develop the initial product and establish a market presence.
2. Series A
- Amount Raised: $6.7M
- Date: July 2017
- Lead Investors: Drive Capital
- Motivation: To scale operations and enhance the platform's capabilities.
3. Series B
- Amount Raised: $20M
- Date: June 2018
- Lead Investors: DFJ Growth
- Motivation: To expand market reach and invest in sales and marketing.
4. Series C
- Amount Raised: $40M
- Date: June 2020
- Lead Investors: Intel Capital
- Motivation: To enhance product features and support global expansion.
5. Series D
- Amount Raised: $90M
- Date: May 2021
- Motivation: To accelerate growth and further develop the platform.
6. Series E
- Amount Raised: $100M
- Date: June 2022
- Lead Investors: NightDragon
Total Funding Raised: $267 Million
Current Valuation: $1 Billion (as of June 2022)
Latest Funding Date: May 2023
Key Investors
1. Databricks Ventures
- Details: Databricks Ventures is the investment arm of Databricks, focusing on strategic investments to foster innovation and integration within the data ecosystem.
- Investment Focus Areas: Data, AI, and machine learning technologies.
- Notable Investments: Alation, Arcion, Glean, Matillion..
2. ServiceNow
- Details: ServiceNow is a cloud computing company providing enterprise software to streamline and automate business processes.
- Investment Focus Areas: Enterprise software, cloud computing, IT services.
- Notable Investments: inMorphis, Plat4mation, Prodapt..
3. NightDragon
- Details: NightDragon is a venture capital firm investing in growth and late-stage companies within cybersecurity, safety, and privacy sectors.
- Investment Focus Areas: Cybersecurity, safety, security, privacy.
- Notable Investments: Capella Space, Epirus, Dataminr..
4. Intel Capital
- Details: Intel Capital is the investment arm of Intel Corporation, investing strategically in technology startups and companies.
- Investment Focus Areas: Technology, AI, cloud computing, data analytics.
- Notable Investments: Box, Anodot, Axonne..
5. DFJ Growth
- Details: DFJ Growth is a venture capital firm investing in high-growth technology companies poised to become leaders in their fields.
- Investment Focus Areas: Technology, software, internet, mobile.
- Notable Investments: SpaceX, Tesla, Cellares..
Where Is Immuta’s Headquarters?
Immuta is headquartered in Boston, Massachusetts, providing access to a thriving tech ecosystem, top AI talent, and strategic enterprise clients in finance, healthcare, and government sectors.
What’s Next for Immuta?
Immuta is focusing on global expansion, particularly into EMEA and APAC regions, and strengthening platform integration through strategic partnerships such as Databricks Ventures. With a 200% increase in Annual Recurring Revenue (ARR) and rising demand for secure, compliant data access, the company is well-positioned for future fundraising and enterprise adoption.
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