Functioning Like a “Central Nervous System” for
Data and AI, Atlan is Crafting a Future-Proof Trust and Context
Layer for Modern Enterprises
Emerging as a fast-growing force in data and AI governance,
Atlan today announced a $105 million Series C funding round, led by
GIC, Singapore’s sovereign wealth fund, along with co-investor
Meritech Capital, early backers of disruptors like Snowflake and
Datadog. Existing investors Salesforce Ventures and PeakXV Partners
participated in the round, bringing Atlan’s total raised to more
than $206 million, including contributions from top institutional
investors such as Insight Partners and Waterbridge Ventures.
This new funding comes as Atlan’s revenues ballooned more than
7x in the last 2 years, with a 75% win rate in competitive trials
and a whopping 400% enterprise sales growth in Q1 2024, as demand
for AI data readiness and governance has skyrocketed. The company’s
customer base today includes industry giants like Cisco, Autodesk,
Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, NextGen, Plaid, and
HubSpot.
“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,” said Prukalpa Sankar,
co-founder of Atlan. “Atlan is addressing this by building the
control plane for the data and AI stack, integrating trust and
context into the digital fabric.”
In today's AI-forward, data-driven landscape, robust data
governance is crucial. Gartner’s 2024 research found that more than
half of Chief Data Officers and Chief Analytics Officers are
boosting AI investments, with an equal amount focused on enhancing
data governance — the two go hand in hand. At the same time, data
privacy, data lineage, and data quality are key obstacles hindering
generative AI implementations, according to studies from IBM and
AWS.
Within every organization, more departments and employees —
business and technical alike — are working with data. As data sets
and sources are exploding within disconnected systems and silos,
cataloging data so it can be discovered, understood, and utilized
across the enterprise becomes a highly manual, cumbersome process.
This challenge is exacerbated by AI, where trustworthy and
context-rich data has been the greatest barrier for most companies
looking to put AI into production.
Atlan addresses this challenge with its next-generation platform
for data and AI governance. It provides a technology layer that
acts as a control plane and collaboration layer on top of a
business’s disparate data infrastructure, effectively stitching it
together via cataloged metadata so data and business teams can
find, trust, and govern AI-ready data. Atlan centralizes data
management, uniting data producers and consumers throughout the
organization.
“Across roles, structures, and platforms, no two organizations
handle data the same way: for data teams, diverse approaches are a
feature, not a bug,” said Atlan’s co-founder Varun Banka. “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.”
“Data is key for improving customer experiences in the AI era,
and Atlan is the only platform that helps us deliver this value to
HubSpot customers from day one,” said Ashfaq Mohiuddin, VP,
Enterprise Data & AI at HubSpot. “And with the open and
extensible foundation, our technical team can build applications
and govern our data ecosystem.”
“Atlan is setting a new standard for modern data governance,
especially for enterprises with a cloud-first data strategy,” said
Rob Ward, co-founder of Meritech Capital and investor in iconic
data companies like Snowflake, Looker, and Tableau. “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.”
With its growth and new funding, Atlan is also receiving
significant industry recognition, emerging as the leader in the
latest Forrester Wave for Enterprise Data Catalogs for DataOps, and
a leader in five G2 categories, including data governance, data
catalogs, and active metadata management (the sole leader since the
category’s inception). This recognition is largely due to Atlan's
innovative 'active metadata' approach, which leverages metadata to
catalyze action, fostering unprecedented levels of automation and
collaboration, positioning Atlan beyond traditional governance
tools.
About Atlan
Atlan is the next-generation platform for data and AI
governance. It is a control plane that stitches together a
business’s disparate data infrastructure, cataloging data and
enriching it with business context and security. Data practitioners
spend 30-50% of their time finding and understanding data; Atlan’s
platform cuts that time by 95% and sets a new standard for modern
data governance and AI readiness. With Atlan, data and business
teams can easily find, trust, and govern AI-ready data. Backed by
top investors including GIC, Insight Partners, Sequoia Capital
India, and Salesforce Ventures, Atlan features deep integrations
across the modern data stack and is trusted by the likes of Cisco,
Autodesk, Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, NextGen,
Plaid, and HubSpot to enable major AI and data democratization
initiatives. To learn more about Atlan, please visit our website
and follow us on X (@AtlanHQ) and LinkedIn.
About GIC
GIC is a leading global investment firm established in 1981 to
secure Singapore's financial future. As the manager of Singapore's
foreign reserves, GIC takes a long-term, disciplined approach to
investing and is uniquely positioned across a wide range of asset
classes and active strategies globally. These include equities,
fixed income, real estate, private equity, venture capital, and
infrastructure. Its long-term approach, multi-asset capabilities,
and global connectivity enable it to be an investor of choice. GIC
seeks to add meaningful value to its investments. Headquartered in
Singapore, GIC has a global talent force of over 2,100 people in 11
key financial cities and has investments in over 40 countries. For
more information, please visit www.gic.com.sg or follow on
LinkedIn.
About Meritech Capital
Meritech is a leading provider of late-stage venture capital to
category-defining private technology companies and has been one of
the top-performing venture firms of the past two-plus decades. The
firm was founded in 1999 and cumulatively manages over $4 billion
in total capital. Representative investments include Auth0,
Anaplan, Braze, Carta, Coupa, Datadog, Facebook, Flock Safety,
Looker, MuleSoft, NetSuite, Roblox, Salesforce, Segment, Snowflake,
Tableau, and UiPath. The firm is headquartered in Palo Alto, CA,
and can be found at www.meritechcapital.com.
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