Collibra
Belgian company selling data governance and cataloging software to regulated big enterprises.
On the record
Checkpoint: EU AI Act enforcement deadlines escalate, testing whether Collibra's compliance tooling converts to paid contracts
The call
Collibra still owns the governance seat inside regulated giants, but Atlan is taking deals and hyperscalers are giving away the basics for free.
Collibra sells software that helps large, heavily regulated companies (like banks and drug makers) keep track of their data and follow compliance rules. It built this business over 15 years by becoming so deeply woven into these companies' daily operations that switching to something else would be painful and risky. That advantage is real but shrinking: a newer competitor called Atlan is winning deals by being faster and easier to use, and big cloud companies like Databricks, Microsoft, and Snowflake are bundling similar governance tools into their own products, which could make Collibra less necessary. The company's growth has flatlined around 15 percent per year, and investors haven't put fresh money in since early 2022. The one thing that could turn this around is if Collibra's new AI-focused features (tools to manage AI models and comply with EU AI rules) start bringing in real new revenue within the next few quarters and actually win deals against Atlan in the bank and pharma accounts where Collibra is strongest.
Why
01
AI pressure: Atlan. Atlan is an AI-native rival winning head-to-head deals like Yape and CouponFollow on speed and easier setup. Could AI do the core job? Only partly.
02
Bigger players: Databricks (Unity Catalog), Microsoft (Purview), Snowflake (Horizon Catalog). Hyperscalers bundle governance free inside their platforms, turning Collibra's catalog layer into a line item enterprises can skip paying for separately. Could a giant copy it? Probably.
03
What protects it. Fifteen years of governance workflows wired into regulated pharma and banking systems that are painful and risky to rip out.
What would change this call
Collibra completes a new priced funding round or discloses an up-round valuation above $5.25B. Would show investors still back growth story despite 4.5-year funding silence.
Collibra discloses revenue growth reaccelerating past 20% within 2-3 quarters. Would show AI Command Center and EU AI Act tooling are converting to paid revenue.
Reports emerge of F500 accounts switching core governance from Collibra to Atlan or hyperscaler-native catalogs. Would confirm installed-base moat is eroding, not just contested in new deals.
Collibra discloses revenue growth reaccelerating past 20% within 2-3 quarters. Would show AI Command Center and EU AI Act tooling are converting to paid revenue.
Reports emerge of F500 accounts switching core governance from Collibra to Atlan or hyperscaler-native catalogs. Would confirm installed-base moat is eroding, not just contested in new deals.
Key numbers
- Valuation stuck at $5.25B since Jan 2022, no new round since
- Secondary market prices it lower, around $4.5B
- Revenue near $150-210M, growing roughly 15%
Named risks
- No new priced funding round in over 4 years, raising down round or valuation markdown risk.
- Atlan and hyperscaler native tools displacing Collibra in competitive deals.
- Flat to modest revenue growth around 15% versus AI native rivals scaling faster.
- Recurring layoffs and low employee sentiment could resurface as further cuts.
- AI governance pivot revenue remains unproven at scale despite preview logos.
Rivals, as read in July 2026
| Rival | Direction | Evidence |
|---|---|---|
| Atlan | losing to | Cited displacing Collibra in named deals Yape and CouponFollow as of December 10, 2025 |
| Databricks Unity Catalog | losing to | Bundled native governance tool commoditizing standalone catalog layer, live as of June 24, 2026 |
| Microsoft Purview | losing to | Hyperscaler bundled governance eroding standalone catalog pricing, per buyer's guide June 2026 |
| Snowflake Horizon Catalog | contesting | Collibra deepened partnership with Snowflake rather than being fully displaced, June 1, 2026 |
| Informatica (Salesforce) | contesting | Adjacent incumbent in governance and catalog space, per CIO buyer's guide June 2026 |
Questions people ask
- Is Collibra profitable in 2026?
- Sources conflict, but a Craft.co estimate shows FY2024 revenue near $148.6M with a small positive EBIT of $2.1M, suggesting Collibra may be near breakeven, though the same tracker's earlier year figures appear unreliable and should be treated with caution as of July 2026.
- Is Collibra planning an IPO?
- As of mid 2026 Collibra has no confirmed IPO plans. It remains privately held and venture backed, with its last priced funding round being the $250M Series G in early 2022 that valued it at $5.25 billion, and no new round reported since, per Crustdata data from July 8, 2026.
- Has Collibra had layoffs?
- Yes. Collibra cut about 10% of staff in 2020, roughly 100 people in October 2022, and made additional cuts through 2023 and 2024 according to CRN reporting. Headcount fell from 1,296 employees in 2023 to 992 in 2024 before recovering to 1,094 by December 2025, per Revelio Labs data from June 29, 2026.
- Could AI replace Collibra?
- Partially. Manual cataloging and glossary tagging, Collibra's traditional core, is being automated by AI native rivals like Atlan and bundled hyperscaler tools like Databricks Unity Catalog and Microsoft Purview. But Collibra's regulated industry compliance workflows and ISO 42001 or EU AI Act tooling, achieved January 2025, resist easy AI substitution.
- Who is Collibra's biggest competitor?
- Atlan is repeatedly cited as Collibra's sharpest challenger, an AI native governance platform reported displacing Collibra in named competitive deals such as Yape and CouponFollow as of December 10, 2025. Hyperscaler native tools like Databricks Unity Catalog and Snowflake Horizon Catalog also pressure Collibra's standalone catalog business.
- What is Collibra's valuation in 2026?
- Collibra's official valuation remains $5.25 billion, set at its January 2022 Series G funding round. However, a secondary market platform, UpMarket, priced it lower at roughly $4.5 billion as of July 7, 2026, an unverified markdown estimate rather than a company confirmed figure.
Timeline
- 2026-06-01Collibra and Snowflake expand partnership integrating Horizon Catalog and Cortex AI
- 2026-06-01Collibra named Databricks Governance Partner of the Year
- 2026-05-05Collibra launches AI Command Center for agentic AI governance, 40+ enterprises in private preview
- 2026-03-16Collibra appoints Laura Sellers as Chief Product Officer
- 2026-01-28Collibra named Gartner Magic Quadrant Leader for second consecutive year
- 2025-07-27Collibra launches AI Model Governance product
- 2025-07Collibra acquires Deasy Labs for unstructured data governance
- 2025-06Collibra acquires Raito for data access governance
- 2025-01-22Collibra achieves ISO 42001 certification and launches EU AI Act Assessment Tool
- 2022-01-26Collibra raises $250M Series G, valuation reaches $5.25 billion
Revision history
21 July 2026
First assessed. Losing its protection. The text above is fixed as of this date and is not edited afterwards.
In the same band
Sources
- Collibra Raises $250 Million in Funding Round Led by Sequoia Capital Global Equities and Sofina, More Than Dou (2025-01-26)
- Collibra - Headcount, Funding & Open Jobs (2026-07-08)
- Collibra Stock for Accredited Investors (2026-07-07)
- $100M Est. ARR, $5.3B Valuation (2026-07-02)
- Collibra Financials (2026-07-09)
- Discover unified governance for data and AI (2026-07-08)
- Collibra Number of Employees 2026 (2026-06-29)
- Working at Collibra (2026-06-02)
- Data Intelligence Software Provider Collibra Implements Employee Cutbacks
- Collibra Named a Leader for the Second Consecutive Year in Gartner Magic Quadrant for Data and Analytics Gover (2026-01-28)
- AI Command Center launch (2026-05-05)
- Collibra Strengthens AI Governance Leadership with ISO 42001 Certification, AI Pact Commitment, and the Delive (2025-01-22)