Beaver, a data catalog platform, today announced that it has raised $23.5 million in a Series A funding round led by Blossom with participation from Frst and angel investors including Florian Douetteau , the founder of Dataiku. CEO and co-founder Tristan Mayer said the proceeds will be used to expand the company’s 25-person workforce, with a particular focus on the marketing and sales departments.
Castor and other data catalogs are collections of metadata, data management, and search tools designed to help users find the data they need within an organization. Data catalogs also serve as inventories of available data, providing information to assess whether the data is suitable for a particular application.
Mayer founded Castor in 2020 with Xavier de Boisredon, a former data scientist at Ubisoft. The two built data catalog software which they initially tried to sell to data managers at Payfit and Qonto – Arnaud de Turckheim (Payfit) and Amaury Dumoulin (Qonto). But Dumoulin and Turckheim, sensing a greater opportunity, decided to quit their jobs and join de Boisredon and Mayer in co-launching Castor.
“We’re on a mission to help people find, understand and use data,” Mayer told TechCrunch in an email interview. “Through increased automation, Castor facilitates the contextualization necessary to understand the data. We empower people to create a collaborative data culture. »
Castor provides data discovery tools aimed at helping users understand the context surrounding data. Targeting use cases like streamlining data compliance projects and migrating to the cloud, Castor connects to cloud data warehouses including Snowflake, BigQuery, Redshift, and business intelligence tools like Looker, Tableau and Metabase to automatically create and update documentation that employees can refer to when they have data. -related issues.
“Castor will optimize a company’s performance, cost, compliance and data security. A healthy infrastructure helps improve the data experience,” Mayer said. “From a product perspective, the Castor difference is a Notion-like user experience that enables enterprise-wide viral adoption, lots of automation to painlessly bring context and data together. From a go-to-market perspective, Castor’s “Land and expand” pricing model and 15-minute onboarding experience make it easy to get started.
Castor competes with startups like Alation, Data.World, and Collibra in the data catalog space. But the company has managed to secure several big-name clients so far, including Deliveroo and Canva.
Admittedly, interest in data catalogs remains strong, but Castor has its work cut out when it comes to customer acquisition. According According to an Eckerson Group survey in 2021, while 94% of organizations plan to deploy a data catalog, only about a third of early adopters said their data catalog met their expectations. Tool complexity, lack of user adoption, and poor integration with other systems and tools were cited as key challenges.
“Castor has nearly 50 customers with 50 to 10,000 employees,” Mayer said. “The platform makes a lot of sense for data and technical decision makers, as well as C-suite level managers. Indeed, it is extremely difficult to drive enterprise-wide alignment on metrics as the business grows. Castor helps them to have an overview of what is happening with data in the company, at all levels. »
The latest funding round brings Castor’s total to $26 million.