Catalog product

Data.world Raises $50M Series C, Launches Eureka Suite of Catalog Features

This week, enterprise data catalog provider data.world announced both a $50 million Series C and a new suite of data catalog management features called Eureka.

The Austin, Texas-based company’s data catalog is powered by its Knowledge Graph, an architectural foundation that data.world champions for its flexibility and scalability, as well as its ability to form social communities around data. Unlike traditional relational databases that display data in tables of rows and columns, knowledge graphs organize data points into a graph, adding context to the relationships between the data and the people using it.

Many organizations use knowledge graphs for ML and AI applications for search, chatbots, unstructured data, and NLP, and to gain insights from metadata. According to Data.world, knowledge graphs “provide a single, semantically curated view of an organization’s data and metadata, bridging the gap between how data consumers understand their business world and how the business generates and access their data”.

the Eureka Suite is powered by the data.world knowledge graph and includes Eureka Automations, Eureka Action Center, Eureka Answers and Eureka Explorer.

Eureka Automations is the company’s solution for deploying and managing a data catalog quickly and easily because “they enable administrators and subject matter experts to curate and manage massive amounts of metadata and data, improving governance data through automated and intelligent policy management powered by the data.world knowledge graph. The company says the product’s automated features help navigate the relationships between people and data by automatically organizing and tagging metadata, applying data governance policies for sensitive data, and calculating data popularity and quality scores. Data.world’s product can “calculate a quality heuristic for each data source and automatically prompt users upstream and downstream of the source when the heuristic drops below a certain threshold”, while suggesting sources alternative data if necessary.

Eureka Action Center is an analytics dashboard homepage for actionable insights that “[operationalizes] the catalog for active metadata management and governance” across key metrics. This is where users can find alerts, recently viewed datasets, and configurable navigation maps. It is an organization’s window into data that allows data producers, data consumers, and data product managers to focus on the data most important to decision-making.

Eureka Action Center dashboard. Source: data.world

Eureka Answers is a graph search engine that “highlights the most relevant knowledge graph concepts at the top of the search.” This is useful for users looking for particular use cases or hard-to-find metrics via a direct query.

Finally, Eureka Explorer, which will be available in fall 2022, is a data and relationship map that features navigable graphical visualizations and offers “an enriched view of metadata for a more valuable contextual catalog.” The company says this is necessary in the modern data stack due to the manageability and accessibility challenges that traditional data catalogs can have with increasing volume and diversity of data ingested.

Data.world just held its Spring 2022 Summit on Thursday, and those interested in a demo of the Eureka platform can watch a replay of the event. here. The event featured a variety of topics and discussions, including a session on designing and building enterprise knowledge graphs led by Amazon Principal Technologist Ora Lassila and data.world Principal Scientist Juan Sequeda. There was also a panel discussion on Data Mesh Architecture with attendees from data.world, Snowflake, Indeed, and Monte Carlo.

After this week’s $50 million Round C seriesLed by Goldman Sachs, data.world is $132.3 million in funding and appears poised for growth with plans for global expansion, hiring new talent and product development.

“Leaders understand the importance of extracting key insights from their data to drive their business or organization, but they’ve struggled to build the infrastructure to do this widely across their departments and teams,” said said Brett Hurt, co-founder and CEO. from data.world. “We look forward to collaborating with our partners, including Goldman Sachs, to significantly expand our product offerings, open new markets, and provide enterprises with solutions that promote data literacy, access and convenience, all powered by our Knowledge Graph. We are rapidly becoming the most deployed data tool among our customers and will continue to evolve our data catalog platform to the front office for data and analytics work.

Related articles:

Data.world aims to rethink data catalogs

Breaking Down Silos in a Big Data World

Why Young Developers Don’t Get Knowledge Graphs