Atlan Raises $50M Assortment B at $450M valuation to Assemble a Collaboration Hub for Data Teams
data atlan 50m series salesforce ventures, NEW YORK–(BUSINESS WIRE)–Atlan launched that it has closed its $50M Assortment B spherical at a $450M valuation led by Salesforce Ventures, Notion Companions, and Sequoia Capital India. Numerous founders inside the info space participated inside the spherical along with Fivetran founder Taylor Brown and ThoughtSpot founder Ajeet Singh. Current consumers Waterbridge Ventures moreover participated inside the spherical.
“In every interaction with the Atlan workforce, their dedication to excellence shines by and it is clear to us that they are setting up a world class agency. We couldn’t be further excited to double down”
Atlan creates a unified discovery and collaboration experience, bringing context and perception to the entire modern info stack. “Within the current day, info property mustn’t merely tables, nonetheless code, fashions, BI dashboards, and pipelines,” talked about Prukalpa Sankar, Co-Founding father of Atlan. “Metadata is the glue which will bind the modern info stack collectively, the layer which will allow increasingly quite a few, siloed devices and folk to collaborate efficiently.”
“Data and analytics are mission-critical to navigating rapidly-changing circumstances — informing selections, seeing options and navigating change,” talked about Alex Kayyal, Managing Affiliate of Salesforce Ventures. “As firms embrace a digital first environment, their need for educated, data-driven collaboration will solely intensify. We contemplate Atlan’s deep integration ecosystem and unified product make them the chief in bringing the best way ahead for collaboration to info teams.” Salesforce Ventures has moreover invested in principal companies shaping the modern info and analytics platform along with Airbyte, dbt labs, Monte Carlo, Snowflake, and Starburst Data.
The latest funding comes merely eight months after a $16M Assortment A led by Notion Companions and extreme profile angels like Bob Muglia, former CEO of Snowflake. It gives Atlan a post-money valuation of $450 million.
Atlan started out as an inside problem at datafor good company SocialCops and was incubated all through over 200 info initiatives, along with India’s Nationwide Data Platform utilized by the Prime Minister. Since rising from stealth, it has reported spectacular improvement numbers, with every its shoppers and ARR rising 10x in 2021.
“Traditionally, tooling inside the space has centered on gathering metadata nonetheless has failed in serving to shoppers actually drive price from metadata,” talked about Varun Banka, Co-Founding father of Atlan. “We’re pioneering a model new expertise of metadata: going from passive, siloed info catalogs to energetic metadata platforms which will improve every machine inside the info stack.”
Atlan is presently utilized by info teams at extreme improvement companies and principal enterprises like Plaid, WeWork, Postman, Delhivery, Unilever, and Scripps Effectively being. “Atlan isn’t solely a info catalog. It actually is a home for our info people to collaborate, to debate points, to work collectively,” talked about Larisa Gorokhova, Senior Director of Enterprise Intelligence at CSE Insurance coverage protection Group.
“Sequoia Capital India has been a part of Atlan’s journey since its early days, as a result of it was part of Surge’s third cohort, and the workforce couldn’t be happier with the progress,” talked about Tejeshwi Sharma, Managing Director of Sequoia India. “Atlan has emerged as a world chief in its class. The ability of the product and execution is validated by sturdy purchaser traction in a short span of time. Every Atlan purchaser we spoke to attested to the tempo of product progress and relentless give consideration to purchaser delight.”
“In every interaction with the Atlan workforce, their dedication to excellence shines by and it is clear to us that they are setting up a world class agency. We couldn’t be further excited to double down,” talked about Teddie Wardi, Managing Director at Notion Companions.
Within the current day, Atlan is a distributed, worldwide workforce of over 100 people unfold all through 12 worldwide places, along with the US, India, UK, Canada, Nigeria, Singapore, and the Philippines. It plans to utilize this funding to broaden its current workforce all through all capabilities and velocity up its go-to market method. It moreover plans to facilitate an ESOP buyback of as a lot as $1.5 million.
Atlan is a recent info collaboration workspace (like GitHub for engineering or Figma for design). By performing as a digital hub for info property ranging from tables and dashboards to fashions and code, Atlan permits teams to create a single provide of truth for all their info property and collaborate all through the modern info stack by deep integrations with collaboration devices like Slack, info warehouses like Snowflake and Redshift, BI devices like Looker, Sisense, and Tableau, info science devices, and additional. A pioneer inside the space, Atlan was acknowledged by Gartner as a Cool Vendor in DataOps, as one among many prime three companies globally. Go to www.atlan.com or observe us on Twitter @atlanHQ.
About Notion Companions
Notion Companions is a primary worldwide enterprise capital and private equity company investing in high-growth experience and software program program ScaleUp companies which is likely to be driving transformative change of their industries. Based mostly in 1995, Notion Companions has invested in extra than 400 companies worldwide and has raised by a set of funds larger than $30 billion in capital commitments. Notion’s mission is to hunt out, fund, and work effectively with visionary executives, providing them with smart, hands-on software program program expertise to foster long-term success. All through its people and its portfolio, Notion encourages a convention spherical a notion that ScaleUp companies and improvement create various for all. For further data on Notion and all its investments, go to insightpartners.com or observe us on Twitter @insightpartners.
About Salesforce Ventures
Salesforce is the worldwide chief in Purchaser Relationship Administration (CRM), bringing companies nearer to their shoppers inside the digital age. Salesforce Ventures, the worldwide funding arm of Salesforce, invests inside the subsequent expertise of enterprise experience that extends the power of the Salesforce Platform. Salesforce Ventures is setting up the world’s largest ecosystem of enterprise cloud companies and lengthening that experience to shoppers. Portfolio companies receive funding, strategic advisory, and dealing help, and will merely be a part of Pledge 1% to make giving once more part of their enterprise model. Salesforce Ventures has invested in extra than 400 companies, along with DocuSign, GoCardless, Guild Coaching, nCino, Twilio, Zoom, and others all through 22 worldwide places since 2009. For further data, please go to www.salesforce.com/ventures.
About Sequoia Capital India
Sequoia helps daring founders assemble legendary companies, from thought to IPO and previous. Sequoia India operates in Southeast Asia and India the place we actively affiliate with founders from quite a lot of companies, all through lessons, along with BYJUs, Carousell, Druva, Gojek, OYO Rooms, Tokopedia, Truecaller, Zilingo, Zomato and additional. We spur founders to push the boundaries of what’s potential. In partnering with Sequoia, startups revenue from over 49 years of tribal info and lessons realized working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning, universities, endowments and totally different non-profits have been the backbone of our investor base, which suggests founders’ accomplishments make a big distinction. For further data on Sequoia’s work in India and SE Asia, go to sequoiacap.com/india.