A naukri.com initiative
VentureBeat
1w
330
Atlan scores $105M to address enterprise ‘data chaos’ with a unified control plane
- San Francisco-based Atlan raises $105M in series C funding round led by Singapore's sovereign wealth fund GIC and Meritech Capital. Participating investors include Salesforce Ventures and PeakXV Partners.
- The startup plans to use the funding to develop its product which acts as a unified control plane to stitch disparate data infrastructure, right from data platforms like Databricks to CRMs such as Salesforce 360.
- Atlan aims to build a control plane for the data and AI stack by integrating trust and context into the digital fabric.
- Founded in 2020, Atlan helps businesses manage data by organizing it in one place, producing a clear picture of the data assets with relevant context and collaboration options.
- The company has seen significant adoption at the enterprise level, its revenues have ballooned more than seven times with multiple major customers coming on board, including Cisco, Autodesk, Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, NextGen, Plaid and HubSpot.
- Atlan's platform includes personalized modules for data discovery, business metrics glossary, data products & contracts and no-code data lineage.
- Overall, the company claims its platform can cut the time spent by data practitioners on finding and understanding data by as much as 95%.
- Atlan claims to be winning three-quarters of deals against other players in the same space such as Informatica, Collibra and Alation.
- The company plans to build on this work and rope in more enterprises looking to bring order to their data chaos.
- Atlan will use some part of the funding to grow its footprint and meet the surging demand for data organization in the age of AI.
Read Full Article
19 Likes
For uninterrupted reading, download the app