Venrock leads financing round to accelerate Collate’s AI-first mission for enterprises through the open source community
Collate, the creator of OpenMetadata, the leading open source project for data intelligence, announced it has raised $10M in Series A funding led by Venrock. Additional investors include Unusual Ventures and Karman Ventures.
This funding comes as Collate gains significant traction enabling customers like Mango, fundcraft, and Decisiv to easily find, understand, and govern the data they need to increase data team productivity and innovate faster for their customers. This has resulted in Collate’s ARR growing more than 350% YoY.
“What makes Collate unique is its ability to solve the last-mile data challenges for modern data teams,” said Ganesh Srinivasan, Venrock partner and former Chief Product Officer of Confluent, who will be joining Collate’s board of directors as part of the investment. “Collate Co-Founders Suresh Srinivas and Sriharsha Chintalapani have an incredible track record of identifying and building disruptive products that are ahead of the market, and we couldn’t be more excited to lead this Series A round to support them in their AI-led innovation.”
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Solving the problems of modern data teams
Despite massive investments in data platforms, businesses of all sizes are struggling to realize the full value of data and AI. The proliferation of data and tools has created silos and fragmentation, as businesses struggle to address key issues:
- Disconnect between business and technical teams when working with data
- Lack of trust in data throughout the company due to quality issues
- Manual, fragmented tooling adding friction and slowing productivity
Collate’s agentic data intelligence platform automates tasks and drives collaboration for data teams. It completes the virtuous cycle with AI built for data teams, enabling them to deliver the data needed for AI-readiness. Collate’s orchestrated suite of agentic workflows and human workspaces creates a unified solution built on the open source core of the fastest growing project in the space, OpenMetadata. OpenMetadata was recently recognized with a $10,000 grant from Bloomberg’s FOSS (Free and Open Source Software) Contributor Fund for its rapid growth and importance to the OSS community, and provides the open foundation for Collate’s expansion.
“Collate has been a game changer for strengthening our data culture,” said Victor Martin, CTO of fundcraft. “The biggest impact we’ve seen is accelerated development speed and improved cycle times, since our teams can now focus quickly on what matters most. We’ve already achieved significant business outcomes, and we expect even more as we continue to extend our data strategy with Collate.”
A forward vision from veteran data leaders
Srinivas and Chintalapani bring more than four decades of experience and helped create industry-standard tools like Apache Hadoop, Apache Kafka, and Uber DataBook, and were the founders of Hortonworks. Their vision for Collate is to deliver AI-powered data discovery, observability, and governance. The platform is built on a Unified Knowledge Graph, democratized user experience, and open source technologies, giving modern data teams the tools they need to manage data in the AI era.
“Collate’s Series A couldn’t come at a more critical time,” said Suresh Srinivas, CEO of Collate. “We’re in the midst of an AI race — not just for getting data ready for AI, but for how AI itself helps prepare that data. The winners will be organizations with highly functioning data teams augmented by AI. Our agentic approach is uniquely powered by richer metadata context from our knowledge graph and open source core. This is changing the game for our enterprise customers by solving the last mile of data challenges, helping them innovate faster with AI and data.”
Investing in growth and innovation
Collate will deploy the new capital across different growth areas, including:
- Accelerating the OpenMetadata community, the fastest growing open source metadata project, with more than 9,800 members and 3,000% growth.
- Expanding engineering investment in AI agent development
- Scaling go-to-market operations for enterprise and cloud-native organizations
- Enhancing customer success services for Fortune 500 customers
Collate transforms how data teams work, with its AI-powered platform for agentic data intelligence. We are the company behind OpenMetadata, the fastest growing open source projects for unified data discovery, observability, and governance. Data teams at Fortune Global 500 companies and innovative startups rely on Collate to work faster and more efficiently to unlock the value of their data assets.
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