On May 8, 2024, the New York, USA-headquartered AI-powered data governance platformAtlanannounced it had raised $105 million in Series C funding. The round was led by Singapore sovereign wealth fund GIC, with Meritech Capital as a co-investor, and participation from existing investors Salesforce Ventures and PeakXV Partners.
The company plans to use the raised funds to advance its data and AI governance platform.
Atlan was co-founded by Prukalpa Sankar and Varun Banka in 2019. As a next-generation data and AI governance platform, it provides a control panel-like solution that connects a company's fragmented data infrastructure, integrating it through cataloging metadata, enabling data and business teams to discover, trust, and manage AI-ready data. Over the past 2 years, the company's ARR grew 7x, and over the past 3 years it grew 31x. Its customers include well-known enterprises such as Cisco, Autodesk, Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, NextGen, Plaid, and HubSpot.
(Source:TechCrunch）