Atlan, a NYC-based provider of a collaboration platform for data teams, closed its $50M Series B funding round at a $450M valuation.
The round was led by Salesforce Ventures, Insight Partners, and Sequoia Capital India with participation from Fivetran founder Taylor Brown and ThoughtSpot founder Ajeet Singh, as well as existing investors Waterbridge Ventures.
The company 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 $1.5m.
Led by Prukalpa Sankar and Varun Banka, Atlan is a modern data collaboration workspace acting as a virtual hub for data assets ranging from tables and dashboards to models and code. It 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. It is currently used by data teams at high growth companies and major enterprises like Plaid, WeWork, Postman, Delhivery, Unilever, and Scripps Health.
Today, Atlan is a distributed, global team of over 100 people spread across 12 countries, including the US, India, UK, Canada, Nigeria, Singapore, and the Philippines.
FinSMEs
09/03/2022