Total amount raised
$315 Millions
Latest funding date
6/1/2023
Location
Alation has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in a data intelligence platform that combines machine learning with human insight to manage data and metadata.
Keep reading to explore the intricacies of Alation's fundraising journey and the investors backing this innovative platform.
What Is Alation?
Founded in December 2012, Alation is headquartered in Redwood City, California. The company was established by Aaron Kalb, Feng Niu, Satyen Sangani, and Venky Ganti.
Alation specializes in providing a data intelligence platform that leverages AI to help organizations manage and utilize their data effectively. Their solutions include data cataloging, data governance, and self-service analytics.
With a workforce of 501-1000 employees, Alation continues to innovate in the field of data intelligence, serving a diverse range of industries including finance, retail, and government.
How Much Funding Has Alation Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their data intelligence platform.
- Series A
- Amount Raised: $9M
- Date: March 2015
- Lead Investors: Costanoa Ventures, DCVC
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series B
- Amount Raised: $23M
- Date: July 2017
- Lead Investors: Icon Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
- Series C
- Amount Raised: $50M
- Date: January 2019
- Lead Investors: Salesforce Ventures, Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand market reach and invest in new product features.
- Series D
- Amount Raised: $110M
- Date: June 2021
- Lead Investors: Riverwood Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support aggressive hiring and global expansion.
- Series E
- Amount Raised: $123M
- Date: November 2022
- Lead Investors: Thoma Bravo, Sanabil Investments, Costanoa Ventures
- Valuation at Round: Over $1.7 billion
- Motivation Behind the Round: To drive strategic product innovation and expand the global workforce.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: June 2023
- Lead Investors: NTT DOCOMO Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further enhance product offerings and support market expansion.
Total Amount Raised: $315M
Current Valuation: Over $1.7 billion
Key Investors
- Thoma Bravo
- Details: Thoma Bravo is a leading private equity firm with a focus on software and technology-enabled services. They have a history of providing operational insights and support to their portfolio companies.
- Investment Focus Areas: Software, technology-enabled services, data-centric technologies.
- Notable Investments: Qlik, Talend, Starburst.
- Sanabil Investments
- Details: Sanabil Investments provides growth capital to companies across various sectors. They focus on venture capital, growth, and small buyouts.
- Investment Focus Areas: Venture capital, growth, small buyouts.
- Notable Investments: Not publicly disclosed.
- Costanoa Ventures
- Details: Costanoa Ventures is a venture capital firm that invests in early-stage technology companies. They support companies in their evolution and growth in the tech sector.
- Investment Focus Areas: Apps, infrastructure in data, dev, fintech.
- Notable Investments: Not publicly disclosed.
- Databricks Ventures
- Details: Databricks Ventures is the investment arm of Databricks, focusing on data and AI startups. They aim to expand partnerships and joint go-to-market initiatives.
- Investment Focus Areas: Data, analytics, AI.
- Notable Investments: Not publicly disclosed.
- Riverwood Capital
- Details: Riverwood Capital is a private equity firm that invests in high-growth technology companies. They provide capital and strategic support to their portfolio companies.
- Investment Focus Areas: High-growth technology companies.
- Notable Investments: Not publicly disclosed.
What's Next for Alation?
Alation stands at the cusp of significant growth opportunities, driven by the increasing demand for data intelligence platforms. With the data integration and intelligence software market projected to grow from $7.9 billion to $11.6 billion in the next four years, Alation is well-positioned to capitalize on this trend. The company plans to accelerate its global expansion, enhance product innovation, and expand its multi-tenant SaaS offerings.
Future fundraising opportunities appear promising, especially with the backing of strategic investors like Thoma Bravo and Databricks Ventures. These partnerships not only provide financial support but also open doors for potential acquisitions to enhance Alation's capabilities and market reach. However, the company must navigate challenges such as economic downturns, competition, and the complexities of integrating various data platforms to maintain its market leadership.
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