37 Data Management and Analytics Unicorns to Watch in 2022

Investments in analytics and data management companies continues to be strong with many realizing significant late-stage funding rounds.

Market research firm CBInsights recently released its Unicorn startup market map. Companies totaled 936 and came from categories ranging from fintech to health to, of course, data management and analytics.

The data management market is expected to remain strong in the coming years as customer demand for solutions in the space continues to grow, led by data integration and visual analytics and, increasingly, demand for digitalization, according to market research firm ReportLinker. A recent report from the firm estimates that the overall global enterprise data management market is expected to grow by over $64 billion during 2021-2025, progressing at a CAGR of 12.89%.

Here are the 37 unicorns included in CBInsight’s data management and analytics category that we’ll be watching this year:

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Applied Intuition

Applied Intuition provides software infrastructure to safely develop, test, and deploy autonomous vehicles at scale. In November 2021, it announced it raised $175 million in a Series D financial round at a valuation of $3.6 billion. Its tools are used to accelerate autonomous vehicle developments in multiple industries, including automotive, trucking, construction, mining, defense, and agriculture.

Axtria

Axtria is a global cloud software and data analytics provider that helps life sciences businesses bring therapeutics to market faster. In May 2021, it announced it raised $150 million. The company offers technology for big data, cloud, artificial intelligence, and machine learning.

Celonis

Powered by a process mining core, the Celonis Execution Management System provides a set of applications, a developer studio and platform capabilities for business executives and users to improve corporate efficiencies. It announced a $1 billion Series D round in June 2021 at a valuation of over $11 billion. The company’s solutions are used in procurement, order management, and inventory management applications.

Chronosphere

Chronosphere develops an observability platform for cloud-native to help organizations operate reliably and make data-driven decisions. In October 2021, it announced it raised $200 million in a Series C round that valued the company at over $1 billion. Its solutions support all phases of observability, including notification, triage, root cause analysis, and control.

ClickHouse

ClickHouse is an open-source, online analytical processing (OLAP) database management system that allows users to generate analytical reports using SQL queries in real-time. In October 2021, it raised $250 million in Series B funding at a $2 billion valuation. The solution offers the performance, scalability, reliability, and security needed in organizations that rely on real-time analytics.

CloudBees

CloudBees enables software development organizations to deliver scalable, compliant, governed, and secure software from the code a developer writes to the people who use it. In December 2021, it announced a $150 million Series F financing round at a valuation of $1 billion. Its offerings are used in industries including automotive, financial services, insurance, retail, government, and more.

Cockroach Labs

Cockroach Labs is the company behind CockroachDB, a cloud-native, distributed SQL database. It announced a $278 million Series F round in December 2021 at a valuation of $5 billion. Its offerings are used in industries including financial services, manufacturing, logistics, manufacturing, retail, gaming, and more.

Cognite

Cognite creates software for oil and gas, power and utilities, renewable energy, manufacturing and other asset-heavy industries that “enables data and domain users to collaborate to quickly and safely develop, operationalize, and scale industrial AI solutions and applications.” In May 2021 it announced it raised $150M at a valuation of $1.6 billion.

Cohesity

Cohesity is a multicloud data management company offering a full suite of services including: backup and recovery, disaster recovery, file and object services, dev/test, and data compliance, security, and analytics. It is valuated at $3.7 billion. Its solutions have use in ransomware recovery, data governance, and long-term data retention.

Collibra

Collibra‘s Data Intelligence Cloud brings “flexible governance, continuous quality and built-in privacy to all types of data” that improves operational efficiency. In November 2021, it raised $250 million in a funding round that valued the company at $5.25 billion. Its solutions are used in industries including financial services, retail, healthcare, life sciences, and the public sector.

Copado

Copado is a DevOps platform that helps accelerate cloud deployments, simplifies the release process, increases developer productivity, automates security and compliance, and maximizes return on cloud investments. In September 2021, it announced it raised $140 million in a Series C round at close to a $1.2 billion valuation. Its solutions are used in banking, healthcare, financial services, manufacturing, media, the public sector, and more.

Databricks

The Databricks Lakehouse Platform is used by large enterprises to unify their data, analytics and AI. It was founded by the original creators of Apache Spark™, Delta Lake and MLflow and announced a $1.6 billion funding round at a $38 billion valuation in August 2021. Its offerings are used in a wide variety of use cases, including customer retention and segmentation, predictive maintenance, disease prevention, risk analysis, fraud prevention, and more.

dbt labs

dbt labs, the company behind “analytics engineering” tool dbt, announced in June 2021 that it raised $150 million at a $1.5 billion valuation. The dbt tool offers a development framework that combines modular SQL with software engineering best practices to make data transformation reliable, fast, and easy. The tool is supported by an active community of fellow analytics engineers that answer questions, share ideas, and more.

Devo

Devo Technology, a cloud-native logging and security analytics company, announced in October 2021 that it raised $250 million in Series E funding at a valuation of $1.5 billion. Its solutions are used for both security and IT operations in initiatives including AIOps, next-gen SIEM, centralized log management, and security operations center (SOC) transformation.

Dremio

Dremio is an SQL data lakehouse platform that helps to accelerate BI and Analytics directly on cloud data lake storage. It announced in January 2021 that it raised $135 million in a Series D funding at a $1 billion valuation. Its offerings deliver a better BI experience, simplify data engineering, and help unlock data value via a modern data architecture.

Druva

Druva, a cloud data protection and management platform provider, announced it raised $146 million in April 2021 at a company valuation over $2 billion. Its solutions are used for data protection, data governance, cyber resilience, and to support strategic business initiatives.

Fivetran

Built for the cloud, Fivetran‘s data integration platform, enables data teams to centralize and transform data from hundreds of SaaS and on-prem data sources into high-performance cloud destinations. In September it announced that it raised a $565 million Series D round at a $5.6 billion valuation. Its solutions are used for market analytics, database replication, financial analytics, sales analytics, and more.

Instabase

Instabase is a platform for businesses to build customizable apps for automating different parts of their business. It announced in October 2019 that it raised $105 million Series B round at a valuation of over $1 billion. Use cases for its platform include medical claims processing, client onboarding, income verification, mortgage processing, mailroom automation, and more.

Iodine Software

Iodine, a healthcare AI company, has developed a predictive engine that interprets raw clinical data to generate real-time, predictive insights that clinicians and hospital administrators can use to augment the management of care delivery. In December 2021 it announced that after selling a significant stake, the company was valued at over $1 billion.

Jumpcloud

The JumpCloud Directory Platform gives IT, security operations, and DevOps a single, cloud-based solution to control and manage employee identities, their devices, and apply Zero Trust principles. The company has raised more than $400 million in multiple funding rounds and has a valuation of $2.625 billion. Its solutions are used to support compliance, remote work, Zero Trust Security efforts, and more.

Matillion

Matillion, a cloud-native data integration and transformation platform, announced in September 2021 that it raised $150 million in a Series E round at a $1.5 billion valuation. The platform’s technologies include cloud data warehouse, lakehouse, ELT, security, universal connectivity, and more.

Neo4j

Neo4j is a graph database platform that addresses connected data challenges such as analytics and real-time recommendations. It announced in June 2021 that it raised $325 million in a Series F round at a valuation over $2 billion. Its knowledge graph solutions are used for fraud detection, real-time recommendations, supply chain management, and analytics and data science.

Nexthink

Nexthink, a digital employee experience management platform, announced in February 2021 that it raised $180 million at a $1.1 billion valuation. Its solutions are used to support proactive IT, remote worker experience, persona insight efforts, and more.

Own{backup}

OwnBackup, a cloud data protection platform, provides secure, automated, daily backups and rapid data restore tools of SaaS and PaaS data. It announced in August 2021 a $240 million Series E round and that it was nearing a $3.35 billion valuation. Its platform is used by a variety of personas, including compliance, business, and technology leaders, as well as CRM platform owners.

Quantum Metric

Quantum Metric‘s Continuous Product Design platform helps companies analyze activity that can help them improve the customer experience and build digital products faster. It announced in January 2021 that it raised a $200 million Series B round at a valuation of over $1 billion. The platform’s key capabilities include session replay, mobile app analytics, performance monitoring, page analytics, and more.

Qumolo

Qumulo‘s data management platform is designed to store, manage and create workflows and applications with data in its native file form at massive scale on prem and in the public cloud. It announced a $125 million Series E funding round in July 2020 at a valuation of over $1.2 billion. Common use cases for the platform include cloud migration, video surveillance, video production, data protection, and to support AI workloads.

Redis

Redis, which offers an in-memory database and database-as-a-service, announced in April 2021 that it raised a $110 million Series G round at a valuation of over $2 billion. Its solutions are used for caching, fraud detection, session management, real-time inventory, messaging, and more.

Reltio

Reltio, a master data management platform, announced in November 2021 that it secured $120 million in a funding round at a valuation of $1.7 billion. Its solutions are used in healthcare, the life sciences, financial services, retail, high tech, travel and hospitality, and more.

Rubrik

Rubrik, a cloud data management platform, raised $261 million in 2019 in a Series E round at a valuation of $3.3 billion. Its solutions are used in use cases including VM backup, ransomware recovery, orchestrated application recovery, NAS, and more.

SambaNova

SambaNova‘s flagship offering, Dataflow-as-a-Service™, is an AI services platform that enables organizations to jump-start AI initiatives overnight by augmenting existing capabilities and staffing with a simple subscription. In April 2021, it announced it raised $676 million in a Series D round and surpassed a $5 billion valuation. Its natural language processing, computer vision, and recommendation systems solutions are used in a wide array of industries.

SiSense

SiSense, which offers customizable, AI-driven analytics cloud platform, raised a $100 million+ round at more than $1 billion valuation in January 2020. The platform is used in many industries, including healthcare, manufacturing, financial services, retail, the life sciences, and more.

Starburst

Starburst, an open source distributed SQL query engine for big data, earlier this month Starburst announced a Series D funding ($250 million) at a $3.35 billion valuation. The solution provides the performance to accelerate analytics, connectors to simplify ELT and data connectivity, and more.

VAST Data

VAST Data’s managed storage software unlocks the value of data and modernizes data centers in preparation for the era of AI computing. It announced in May 2021 an $83 million Series D round at a $3.7 billion valuation. The software is used in the public sector, the life sciences, media and broadcasting, visual effects companies, and more.

yugabyteDB

Yugabyte’s yugabyteDB is an open source, high-performance distributed SQL database for building global, cloud-native applications. In October 2021 it announced that it raised $188 million in a Series C round that valued the company at over $1.3 billion. Like other open-source solutions, the company’s offerings are complemented by an active developer community.

Additional companies rounding out the list of 37 unicorns

Mu Sigma
DT Dream
Jusfoun Big Data

by Lisa Damast and Salvatore Salamone