Data governance firm Atlan has raised $105 million in Series C funding. This investment brings its total capital to over $206 million.
Atlan, offering data governance software, has secured $105 million in Series C funding led by GIC and Meritech Capital, with participation from existing investors Salesforce Ventures and PeakXV. Prior backers Insight Partners and Waterbridge Ventures also contributed. With this round, the company has raised over $206 million, reaching a valuation of $750 million.
According to the press release, Prukalpa Sankar, co-founder of Atlan, shared: “Over the past year, boards have consistently asked their CIOs and CDOs about their AI roadmaps, who have realized that the main hurdle isn’t AI models but the lack of AI-ready data—data enriched with business context, trust, and security…Atlan is addressing this by building the control plane for the data and AI stack, integrating trust and context into the digital fabric.”
Co-founder Varun Banka said: “Across roles, structures, and platforms, no two organizations handle data the same way: for data teams, diverse approaches are a feature, not a bug…So, we built a solution that unifies data across warehouses, lakehouses, vector DBs, BI tools, and AI agents. In doing so, Atlan empowers data teams to leverage the entirety of their data at high velocity and scale by ensuring its quality, accuracy, and governance. This means data teams can efficiently and effectively collaborate on data that would be otherwise siloed for various use cases, including populating AI models with trustworthy data.”
Rob Ward, co-founder of Meritech Capital, shared: “Atlan is setting a new standard for modern data governance, especially for enterprises with a cloud-first data strategy…It’s increasingly viewed as the essential data control plane for major business initiatives like AI readiness and data democratization. The enthusiasm within the data community for Atlan is extraordinary, reminiscent of the most transformative companies.”
About Atlan:
Built for data management, Atlan is the active metadata platform for modern data infrastructures. It stitches together metadata from diverse sources such as Snowflake, dbt, Databricks, Looker, Tableau, and Postgres. This integration creates a unified data discovery, cataloging, lineage, and governance experience across all your data assets, from columns and queries to metrics and dashboards. With this platform, data and business teams can easily find, trust, and govern AI-ready data.
Its customers include Cisco, Unilever, Ralph Lauren, FOX, Nasdaq, NextGen, Autodesk, Plaid, and HubSpot. Atlan’s revenues grew over 7x in the last two years and a whopping 400% enterprise sales growth in Q1 2024 due to the need for AI data readiness and governance has surged.
(Image Credit: Atlan)
