Investors are betting on data life cycle management startups working on everything from data preparation to data integration to data analytics.
Data life cycle management startups have garnered more investor interest in recent years due to an increasing rate of data production. Annual global data production is expected to quadruple from current levels to reach over 175 zettabytes (ZB — equivalent to 1T GB) by 2025, according to a report from IDC.
Today, organizations across effectively every industry rely on this increasing amount of data to make key operating decisions — creating an opportunity for companies looking to improve how data is handled.
Since the beginning of 2019, nearly 450 investors have participated in equity funding rounds to data life cycle management startups. These companies provide data life cycle services that aim to ensure accuracy, boost efficiency, limit vulnerabilities, and more.