Atlan raises $50M Series B under Insight to build a Collaboration Hub

Atlan It announced it had closed its $50M Series A round, which was led by Insight Partners, Salesforce Ventures and Sequoia Capital India. The round was attended by several founders from the data space, including Fivetran Taylor Brown, founder ThoughtSpot Ajeet Singh is the founder.

Atlan provides a single discovery and collaboration experience that brings context and trust to all aspects of the modern data stack. “Today, data assets are not just tables, but code, models, BI dashboards, and pipelines,” Prukalpa Sankar is the co-founder of Atlan. “Metadata is the glue that can bind the modern data stack together, the layer that will allow increasingly diverse, siloed tools and people to collaborate effectively.”

“Data and analytics are mission-critical to navigating rapidly-changing circumstances — informing decisions, seeing opportunities and navigating change,” Alex Kayyal is Managing Partner at Salesforce Ventures. “As businesses embrace a digital first environment, their need for informed, data-driven collaboration will only intensify. We believe Atlan’s deep integration ecosystem and unified product make them the leader in bringing the future of collaboration to data teams.” Salesforce Ventures has also invested in leading companies shaping the modern data and analytics platform including Airbyte, dbt labs, Monte Carlo, Snowflake, and Starburst Data.

This latest investment follows a $16M Series A that Insight Partners led and high-profile angels such as Bob Muglia (ex-CEO of Snowflake). Atlan is now valued at $450 million after the transaction.

Atlan started out as an internal project at data for good firm SocialCops and was incubated across over 200 data projects, including India’s National Data Platform used by the Prime Minister. It has seen impressive growth since its stealthy emergence, with both its customers as well as ARR increasing 10x by 2021.

“Traditionally, tooling in the space has focused on collecting metadata but has failed in helping customers actually drive value from metadata,” Varun Banara, Co-Founder at Atlan. “We are pioneering a new generation of metadata: going from passive, siloed data catalogs to active metadata platforms that can improve every tool in the data stack.”

Atlan is currently being used by data teams at high-growth companies as well as major enterprises like Plaid and WeWork, Postman and Scripps Health. “Atlan isn’t just a data catalog. It really is a home for our data people to collaborate, to discuss things, to work together,” Larisa Gorodhova, Senior Director for Business Intelligence at CSE Insurance Group, said:

“Sequoia Capital India has been a part of Atlan’s journey since its early days, since it was part of Surge’s third cohort, and the team couldn’t be happier with the progress,” Tejeshwi S. Sharma, Managing Director Sequoia India. “Atlan has emerged as a global leader in its category. Strong customer traction proves the product’s strength and execution. Every Atlan customer we spoke to attested to the pace of product development and relentless focus on customer delight.”

“In every interaction with the Atlan team, their commitment to excellence shines through and it is clear to us that they are building a world class company. We couldn’t be more excited to double down,” Teddie Wardi, Insight Partner’s Managing Director.

Atlan today has a global distributed team of more than 100 people in 12 countries including the US and India. It intends to use the funding to grow its existing team across all functions and to accelerate its go to market strategy. It will also facilitate.

ESOP Buybacks up to $1.5million

Get latest news from African Startup ecosystem

Latest stories

You might also like...