Ataccama has successfully raised $150 million in a single funding round, achieving a valuation of $550 million. The platform is a self-driving data management and governance solution that integrates collaborative data stewardship, machine learning, and enterprise-proven capabilities.
Keep reading to explore the intricacies of Ataccama's fundraising journey and the investors backing this innovative platform.
What Is Ataccama?
Ataccama, founded in 2007, is headquartered in Toronto. The company was established by Michal Klaus and Jan Machek.
Specializing in self-driving data management and governance, Ataccama offers a platform called Ataccama ONE. This platform integrates collaborative data stewardship, machine learning, and enterprise-proven capabilities.
With a team of 201-500 employees, Ataccama serves over 350 global clients and has 9 offices worldwide.
How Much Funding Has Ataccama Raised?
- Funding Round: Growth Capital
- Amount Raised: $150 million USD
- Date: June 22, 2022
- Lead Investors: Bain Capital’s Tech Opportunities Fund
- Valuation at Round: $550 million
- Motivation Behind the Round: To invest in growth, scale operations, accelerate innovation, and expand into new markets.
Total Amount Raised: $150 million USD. Current Valuation: $550 million.
Key Investors
- Bain Capital’s Tech Opportunities Fund
- Details: Bain Capital’s Tech Opportunities Fund is an American private investment firm that focuses on growth capital investments in technology companies. The fund made a $150 million USD all-equity financing investment in Ataccama, representing a minority stake in the company.
- Investment Focus Areas: Technology, growth-stage companies, innovation.
- Notable Investments: Nutanix, A Cloud Guru, Rocket Software.
What's Next for Ataccama?
Ataccama is poised to capitalize on significant opportunities in emerging and established markets such as Japan, Latin America, and the Middle East. With the $150 million investment from Bain Capital, the company aims to strengthen its go-to-market strategy and invest in new product innovation. This expansion could significantly increase its footprint in industries like banking, financial services, insurance, life sciences, healthcare, and retail.
Future fundraising opportunities are promising, especially with Bain Capital's plans to raise $1.5 billion for its second Tech Opportunities Fund. However, Ataccama may face challenges integrating new acquisitions like Tellstory and competing in a rapidly evolving data management market. Managing and scaling operations across multiple global offices will also be crucial as they adapt to different market dynamics.
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