Habu Raises $25 Million Series B

<p><strong>SAN FRANCISCO<&sol;strong> &&num;8212&semi; Habu&comma; a developer of data clean room software&comma; has secured &dollar;25 million in Series B funding led by Wing Venture Capital&period; Snowflake Ventures&comma; super&lbrace;set&rcub;&comma; Norwest Venture Partners&comma; and Ridge Ventures joined the round&comma; which will allow the company to accelerate product innovation&comma; operations&comma; and customer success to support its rapidly growing client base and continued global expansion&period; The round brings the total raised to &dollar;42 million and will help extend its market lead&period;<&sol;p>&NewLine;<p>Habu’s data clean room software empowers customers to work in distributed data environments to glean insights and execute advanced data science use cases with minimal resources&period; By streamlining and accelerating data collaboration between partners&comma; Habu enables companies to increase the velocity and value of data-driven initiatives&period; Habu is the only solution that has a comprehensive and intuitive data intelligence layer that enables users to work more efficiently across any clean room to power insights&comma; targeting&comma; and measurement&period; Through privacy- and governance- safe data collaboration&comma; companies leverage Habu to drive private segmentation and activation&comma; journey analysis&comma; measurement&comma; experimentation&comma; and distributed machine learning&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;We see a new era of the global data economy emerging&comma;” stated Matt Kilmartin&comma; CEO of Habu&period; &OpenCurlyDoubleQuote;While many players in our industry grapple with privacy and security concerns&comma; Habu has built the critical infrastructure for brands to effectively leverage the power of data collaboration for rapid and optimal results&period;”<&sol;p>&NewLine;<p>Since announcing its Series A&comma; Habu has rapidly expanded its customer base&comma; broken into new markets&comma; built scalable software&comma; and recruited the most experienced team in the industry&period; Leading brands like Disney and L’Oreal are examples of innovative companies from CPG&comma; retail&comma; gaming&comma; media &amp&semi; entertainment&comma; automotive&comma; and financial services working with Habu today&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;As the cloud data revolution accelerates&comma; Modern Enterprises are seeking out ways to derive value from their data and multiply it through data collaboration with their business partners&comma;” said Peter Wagner&comma; Founding Partner of Wing Venture Capital&period; &OpenCurlyDoubleQuote;Habu’s technology is uniquely secure and easy to adopt&comma; allowing businesses to safely unlock the collective power of their data without compromising privacy and control&period;”<&sol;p>&NewLine;<p>This announcement comes on the heels of Habu&&num;8217&semi;s partnership with Snowflake&comma; the Data Cloud company&comma; that integrates Habu’s Data Clean Room applications on the Snowflake Media Data Cloud to scale data collaboration for companies&period; &ZeroWidthSpace;&ZeroWidthSpace;This groundbreaking partnership enables collaboration for Snowflake customers&comma; all without the movement of data&period; Habu&&num;8217&semi;s best-in-class analytics on top of Snowflake&&num;8217&semi;s leading data infrastructure combine for an unbeatable solution&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Habu has been a leader in data clean room intelligence&comma; empowering businesses to collaborate in a way that is fast&comma; efficient&comma; and scalable” said Stefan Williams&comma; Head of Corporate Development and Snowflake Ventures&period; &OpenCurlyDoubleQuote;By partnering with Habu&comma; we offer Snowflake customers a way to collaborate with their data in the Snowflake Data Cloud&period; The company has had great traction to date&comma; and we look forward to supporting the team through the next stages of growth&period;”<&sol;p>&NewLine;