Menlo Ventures Invests $14.5M in Waterline Data

Waterline Data, which is a Mountain view, based provider of data catalog solutions and applications has now secured $14.5 Million in the funding round of Series C.

This round, make the total investment of the company to $37.5 Million and was led by the Menlo ventures in collaboration with the Jackson Square Ventures, Infosys and Partech Ventures. After the deal is closed Robert youngjohns will going to join as a Board of Director.

The company as of now has a plans to use the funds for the product innovation, market strategies, and global expansion.

The startup which is founded in the year 2013 and founded by the Kailash Ambwani, CEO. Waterline data provides solutions to automate the discovery, governance, and classification of data at the petabyte scale without even compromising the security part.

“Waterline Data has been sharply focused on leading the charge in empowering organizations to compete in the data economy with their innovative, AI-driven data cataloging solutions,” said Robert Youngjohns. “The rapid growth Waterline Data has been experiencing year after year continues as demand increases on a global scale. I am looking forward to working closely with the company to capitalize on all opportunities for growth as it builds on its commitment to help customers transform their mountains of data into real business value.”

The company solution is used by some of the largest food & beverage, tech, financial, healthcare, manufacturing and pharmaceutical companies which are listed in the Fortune 100 and Global Fortune 500.

“Waterline Data's AI-driven data cataloging solutions are an absolute must for any organization looking to quickly convert all of its information assets into true data-driven decision making as well as comply with increasing data security regulations,” said Kailash Ambwani, CEO of Waterline Data. “We are extremely grateful for the support of our investors and are thrilled to welcome global software leader Robert Youngjohns to our Board of Directors as we continue to build on our customer successes and take the company to new heights by making big data a reality for everyone.”

Some of the clients in the list include Fannie Mae, Nordea, and GSK, etc.

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