Atlan, a New York-based modern data collaboration workspace, closed its $50 million in Series B round at a $450 million valuation.
The round was led by Salesforce Ventures, Insight Partners, and Sequoia Capital India. Several founders in the data space participated in the round including Fivetran founder Taylor Brown and ThoughtSpot founder Ajeet Singh. Existing investors Waterbridge Ventures also participated in the round.
Atlan plans to use this funding to expand its current team across all functions and accelerate its go-to-market strategy. It also plans to facilitate an ESOP buyback of up to $1.5 million.
Round: Series B
Funding Month: March 2022
Lead Investors: Salesforce Ventures, Insight Partners, and Sequoia Capital India
Additional Investors: Taylor Brown, Ajeet Singh, and Waterbridge Ventures
Company Website: https://atlan.com/
Software Category: Modern data collaboration workspace
About the Company: Atlan is a modern data collaboration workspace (like GitHub for engineering or Figma for design). By acting as a virtual hub for data assets ranging from tables and dashboards to models and code, Atlan enables teams to create a single source of truth for all their data assets and collaborate across the modern data stack through deep integrations with collaboration tools like Slack, data warehouses like Snowflake and Redshift, BI tools like Looker, Sisense, and Tableau, data science tools, and more. A pioneer in the space, Atlan was recognized by Gartner as a Cool Vendor in DataOps, as one of the top three companies globally.
Source: https://humansofdata.atlan.com/2022/03/atlan-raises-series-b/ https://www.businesswire.com/news/home/20220309005103/en/Atlan-Raises-50M-Series-B-at-450M-valuation-to-Build-a-Collaboration-Hub-for-Data-Teams