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Atlan Raises $105 Million in Funding

May 08, 2024 - techbullion.com
Atlan, an artificial intelligence startup, has successfully raised $105 million in a funding round led by Singapore’s sovereign wealth fund GIC and tech investor Meritech Capital. This funding round valued the company at $750 million. The company, which competes with the likes of Informatica, Collibra, and Alation, claims to win three quarters of the deals when competing head-to-head with these legacy players.

In addition to the funding news, Atlan was recognized as a Gartner 2020 Cool Vendor in DataOps on October 8, 2020. The company's modern collaborative data workspace enables diverse business, data, and IT users to collaborate effectively. This recent funding round and recognition highlight the company's growth and the increasing acknowledgment of data democratization and collaboration worldwide.

Key takeaways:

  • Atlan has raised $105 million in a funding round led by Singapore’s sovereign wealth fund GIC and tech investor Meritech Capital, valuing the AI startup at $750 million.
  • Atlan was named a Gartner 2020 Cool Vendor in DataOps on Oct 8, 2020, highlighting its innovative approach to data management.
  • The company's co-founders believe that Atlan's data collaboration platform will enable organizations globally to unlock the complete value of their data resources.
  • Atlan is seen as a catalyst for advancement in data-driven decision-making, enhancing efficiency, and facilitating deeper insights for businesses of all sizes.
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