MANTA raises $35 million to bring intelligence to metadata management
Data is important in all its forms, so having smart and efficient solutions for data management is a definite plus. Enter MANTA, a company that provides a powerful automated solution for data lineage. Not only does this increase productivity, but it also gives users confidence in their data and accelerates digital transformation. To learn more about MANTA and its plans for this round of funding, see the announcement below.
New Funding Enables Continued Expansion of Global Footprint and Automated Data Management Solutions
ТАMPA, Florida – May 26, 2022 – MANTA, the data lineage platform, today announced it has raised $35 million in Series B funding. The round was led by Forestay Capital, with participation from existing investors Bessemer Venture Partners, SAP.io , Senovo, Credo Ventures, Dan Fougere and new investor European Bank for Reconstruction and Development.
Data management has undergone a massive transformation over the past decade, having evolved into diverse and interconnected ecosystems filled with blind spots that result in unreliable information, slower data delivery and an increased number of incidents.
MANTA’s automated data lineage platform provides a direct view into data environments by creating a powerful map of all data flows, sources, transformations and dependencies to help improve data governance, streamline data migration, enable observability and accelerate incident resolution.
“Data is among an organization’s most valuable assets, and MANTA’s automated platform transforms the way data is managed with clear and comprehensive visualization of all data flows, enabling customers to ‘save time, money and resources,’ said Marieke Christmann, Senior Principal at Forestay Capital. . “We believe MANTA is a truly transformative company, and we are excited to be part of MANTA’s journey as it is on a mission to transform complex data environments.”
“MANTA’s automated data lineage platform is the missing piece of the data management puzzle,” said Alex Ferrara, Partner at Bessemer Venture Partners. “We are compelled by the MANTA product and vision to provide better visibility into data pipelines. We believe this is a critical time for companies striving to be truly data-driven organizations. »
The Series B funding round ends as the company has experienced significant global growth of its world-class platform and expanded its global footprint with new offices in Lisbon, Portugal and Dublin, Ireland, bringing its footprint to five offices in North America and Europe with 150+ associates worldwide. The recent release of MANTA version 36 provides even deeper visibility into the most complex aspects of data pipelines with the migration to the Neo4j graph database.
“We are excited to welcome new and existing investors to expand our capabilities as more companies recognize the true value of data lineage and observability,” said Tomas Kratky, Founder and CEO of MANTA. “The funding allows us to build on our momentum by expanding our global presence and product development to help customers overcome blind spots in their increasingly complex data pipelines.”
The original announcement can be found on the MANTA website.
Spencer Hulse is editor at Grit Daily News. It covers affiliate, viral and marketing news.