Secoda nabs $14m in Craft Ventures-led Series A financing

• Also participating in the round were Abstract Ventures, YCombinator, Garage Capital and several angel investors
• The funds raised will help fuel further development of Secoda’s generative AI solutions
• Over the past year, Secoda’s customer count globally has expanded by 5x

Secoda, a Toronto-based artificial intelligence (AI)-enabled modern data management platform, has secured $14 million in Series A financing. It brings the company’s total funding to date to $16 million.

Craft Ventures led the Series A. Also participating were Abstract Ventures, existing investors YCombinator and Garage Capital, and Jordan Tigani (CEO of MotherDuck), Scott Breitenother (CEO of Brooklyn Data) and Tristan Handy (CEO of dbt).

The funds raised will help fuel further development of Secoda’s generative AI solutions to allow any employee to easily search, understand and use company data, regardless of their technical ability or familiarity with the data.

Over the past year, Secoda’s customer count globally has expanded by 5x, with the company managing more than 100 million metadata resources (tables, dashboards, columns, queries and more).

“The explosion of data platforms over the past few years has led to a proliferation of data sources and assets. It has become increasingly important that companies not only have a full understanding of the lineage of their data from disparate sources but also harness their data to make more efficient and informed decisions,” said Jeff Fluhr, co-founder and partner at Craft Ventures, in a statement. “Secoda has built a powerful AI-powered data copilot for companies to do just that. The company’s rapid growth is a testament to the strength of the team and their deep appreciation of their users’ needs.”

Based in San Francisco, Craft Ventures is an early-stage and growth equity firm focused on founder-led technology companies.