Acryl Data raises $21M to grow its enterprise data catalog platform
Summary
Acryl today announced that it raised $21 million in a Series A round led by 8VC with participation from Sherpalo Ventures and Guillermo Rauch, founder and CEO of Vercel, bringing its total raised to $30 million.Prior to launching Acryl Data, Das was a principal staff software engineer at LinkedIn and, before that, a member of the technical teams first at PayPal and then at Yahoo! The configurable monitors driving these tests let users define and continuously evaluate a set of conditions on the data assets in an organization.Our most common competitor is the status quo of custom development, as data engineers establish manual processes and protocols on their own rather than implement a more automated solution, Jagadish said.Acryl has ambitious plans for the future, including AI features thatll intelligently curate metadata and suggest business glossary tags and terms to more thoroughly document data catalogs. In addition, the company aims to launch an AI-powered tool to generate summaries that describe the key characteristics of a given data catalog, like its reliability and usage.Acryl, which has a 25-person workforce, isnt disclosing too much about its customer base. But the startup did reveal that it counts Notion, Zendesk, Robinhood, OVO Energy, BetterUp and Riskified among its clients.Das added that DataHub, which he founded while at LinkedIn and which Acryls staff maintains, is used by companies like Pinterest, Stripe, Optum, Expedia, Saxo Bank and Peloton. Hes optimistic that the features Acryls building on top of DataHub will convince at least a few of those to convert.The fast rate of change in the data ecosystem presents a challenge for businesses and vendors alike, Jagadish said.
Funding
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