Alation, founded in 2012, serves over 600 enterprise customers, including Nasdaq, Hertz, and Samsung, and has raised over $300 million in venture funding. The company was valued at $1.7 billion in 2022. The acquisition of Numbers Station, which has raised more than $17 million from investors like Norwest Venture Partners and Madrona, is seen as a strategic move to address the challenge of making LLMs effectively interact with core enterprise databases. This acquisition also benefits from the involvement of Venky Ganti, a former Alation co-founder who worked at Numbers Station, further strengthening the collaboration.
Key takeaways:
- Alation acquired Numbers Station to enhance its AI capabilities for structured data, with plans to integrate Numbers Station's products by the end of the quarter.
- Numbers Station, a Series A-stage startup, has raised over $17 million from investors like Norwest Venture Partners and Madrona.
- Alation aims to solve the challenge of integrating large language models with enterprise data by using Numbers Station's AI agents as a translation layer.
- Alation, founded in 2012, has raised over $300 million and serves more than 600 enterprise customers, including Nasdaq and Samsung.