BI3 Solutions-backed data governance software developer Collibra has closed a $58m series D round to accelerate its expansion plans and product development.

Collibra, a US-based data governance and catalogue software producer backed by data intelligence-as-a-service provider BI3 Solutions, closed a $58m series D round on Monday co-led by Iconiq Capital and Battery Ventures.

Dawn Capital, Index Ventures and Newion Investments also contributed to the round, which increased the company’s overall funding to approximately $134m.

Collibra has developed technology to allow relevant employees in an organisation to understand the origin of specific data, how reliable it is and how best to extract commercial…