Select Star, a San Francisco, CA-based fully automated data discovery and governance platform for the modern data stack, announced that it closed a $15 million in Series A funding.
The round was led by experienced Silicon Valley investors Lightspeed Venture Partners. Other venture investors including Bowery Capital, Sozo Ventures, and Pebblebed have also invested in this round.
“With this new round of funding, we’re excited to continue to invest in our R&D efforts and bring innovative approaches to data management,” said Shinji Kim, Select Star founder, and CEO. “Furthermore, it will allow us to accelerate expanding our business development efforts, helping us to reach new customers and drive growth for our company.”
Select Star is a fast-growing company solving the next-generation data governance and data management challenges for data consumers and producers. Today, Select Star is provided as a secure, easy-to-use SaaS platform.
Select Star provides a single platform for data discovery and lineage over multiple platforms and clouds, providing a unique solution for the multi-cloud world.
The platform leverages deep analysis of metadata and logs (active metadata) across the data lifecycle to provide a complete context of data being used by the organization.
Company: Select Star, Inc.
Raised: $15.0M
Round: Series A
Funding Month: January 2023
Lead Investors: Lightspeed Venture Partners
Additional Investors: Bowery Capital, Sozo Ventures, and Pebblebed
Company Website: https://www.selectstar.com/
Software Category: Automate Data Discovery
About the Company: Founded in 2020, Select Star is a fully automated data discovery platform that helps everyone find, understand & use company data. Since the General Availability of Select Star in November 2021, Select Star has seen accelerated growth in its customer base. From traditional manufacturing companies like Pitney Bowes (NYSE: PBI) to fast-growing data integration platforms like Fivetran, who use Select Star to create a complete inventory of all data assets, models, and business metrics with auto-generated context. By implementing Select Star, companies can create a system of record for all the data across their company and teams. Headquartered in San Francisco but highly distributed across the globe.
Source: https://www.businesswire.com/news/home/20230131005354/en/Select-Star-Raises-15-Million-in-Series-A-Funding-Led-by-Lightspeed-Venture-Partners