Atlan, a groundbreaking data infrastructure company, has announced the successful closure of its Series C funding round, securing a substantial $105 million. Spearheaded by GIC, a prominent Singapore-based sovereign wealth fund, and co-investor Meritech Capital Partners, known for early support of industry giants like Snowflake and Datadog, this round also saw participation from existing investors Salesforce Ventures and Peak XV Partners. Insight Partners and Waterbridge Ventures also contributed, bringing Atlan’s total funding to over $206 million.
Co-founder Prukalpa Sankar underscored the pivotal role of data readiness in today’s rapidly evolving technological landscape, emphasizing the importance of enriching data with business context, trust, and security.
Atlan’s impressive growth trajectory is evident from its substantial revenue increase and remarkable success rate in competitive trials. Experiencing a sevenfold surge in revenue over the past two years and achieving a 75% success rate in competitive trials, Atlan’s enterprise sales skyrocketed by 400% in the first quarter of 2024.
Varun Banka, Atlan’s Co-founder, highlighted the company’s mission to unify diverse data sources, recognizing that diverse approaches to data management are inherent across organizations. Atlan’s solution aims to unify data across warehouses, lakehouses, vector DBs, BI tools, and AI agents.
Rob Ward, Co-founder of Meritech Capital, commended Atlan’s innovative approach to modern data governance, recognizing the company’s efforts in setting a new standard for enterprises with a cloud-first data strategy.
Atlan’s recent recognition as a leader in the Forrester Wave for Enterprise Data Catalogs for DataOps, coupled with its leadership positions in various G2 categories, reaffirms its pivotal role in shaping the future of data management.