Total amount raised
$201.5 Millions
Latest funding date
Location
Atlan has successfully raised significant funding through multiple rounds, with notable investors such as Insight Partners and Salesforce Ventures backing the company. The platform is a third-generation data catalog designed to help organizations discover, govern, and collaborate on AI-ready data.
Keep reading to explore the intricacies of Atlan's fundraising journey and the investors supporting this innovative platform.
What Is Atlan?
Atlan, founded in January 2018 by Prukalpa Sankar and Varun Banka, is headquartered in Singapore. The company specializes in providing a third-generation data catalog and governance platform designed to help organizations find, trust, and govern their data.
Atlan acts as a modern data collaboration workspace, integrating with tools like Slack, Snowflake, and Tableau to create a unified data environment. It serves as a virtual hub for data assets, enabling teams to collaborate effectively across the modern data stack.
With a team of 251-500 employees, Atlan continues to innovate in the field of data management, offering solutions that streamline data operations and enhance governance through active metadata and automation.
How Much Funding Has Atlan Raised?
- Seed Round
- Amount Raised: $2.5M
- Date: July 2019
- Lead Investors: WaterBridge Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Atlan's data governance platform and establish initial market presence.
- Series A
- Amount Raised: $16.5M
- Date: May 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial growth and development of Atlan's AI governance platform.
- Series B
- Amount Raised: $50M
- Date: February 2022
- Lead Investors: Insight Partners, Peak XV Partners, Salesforce Ventures
- Valuation at Round: $450M
- Motivation Behind the Round: To scale operations and enhance product offerings, given the significant increase in valuation.
- Series B
- Amount Raised: $27.5M
- Date: March 2024
- Lead Investors: Salesforce Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the business and integrate more data sources.
- Series C
- Amount Raised: $105M
- Date: May 2024
- Lead Investors: GIC, Meritech Capital Partners
- Valuation at Round: $750M
- Motivation Behind the Round: To support Atlan's growth and expansion, particularly in enhancing its data governance capabilities for enterprises with a cloud-first data strategy.
Atlan has raised a total of $201.5M in funding. The current valuation is $750M.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. Founded in 1995, it has a strong track record of supporting innovative businesses.
- Investment Focus Areas: Software, Internet, Data Services
- Notable Investments: Twitter, Shopify, Wix
- Salesforce Ventures
- Details: Salesforce Ventures is the corporate investment arm of Salesforce, focusing on enterprise cloud companies. It aims to extend the power of the Salesforce platform through strategic investments.
- Investment Focus Areas: Cloud Computing, Enterprise Software, AI
- Notable Investments: Zoom, Dropbox, DocuSign
- GIC
- Details: GIC is Singapore's sovereign wealth fund, established in 1981 to manage the country's foreign reserves. It invests across a wide range of asset classes globally.
- Investment Focus Areas: Real Estate, Equities, Fixed Income, Private Equity
- Notable Investments: Alibaba, Blackstone, Uber
- Meritech Capital
- Details: Meritech Capital is a venture capital firm that provides late-stage funding to technology companies. Founded in 1999, it manages over $4 billion in total capital.
- Investment Focus Areas: Technology Companies, Growth Stage
- Notable Investments: Facebook, Salesforce, Snowflake
- Peak XV Partners
- Details: Formerly known as Sequoia Capital India, Peak XV Partners invests in early and growth-stage companies across India and Southeast Asia. It has a strong focus on technology and innovation.
- Investment Focus Areas: Technology, Consumer, Healthcare
- Notable Investments: Byju's, OYO, Zomato
What's Next for Atlan?
Atlan stands at the cusp of significant opportunities, driven by the growing demand for AI-ready data and robust data governance. With a 400% increase in enterprise sales and a sevenfold revenue boost over the past two years, the company is well-positioned to expand its customer base and enhance its platform capabilities. The recent $105 million funding round, elevating its valuation to $750 million, underscores the vast potential for further growth and market penetration.
Future fundraising opportunities appear promising as Atlan continues to attract top-tier investors like GIC and Meritech Capital. The company's rapid growth and industry recognition suggest that additional funding rounds could support its expansion and technological advancements. However, challenges such as maintaining data quality and governance across diverse systems and staying ahead of competitors in a fast-evolving market will require strategic focus and innovation.
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