Alaton, Inc., a Redwood City CA-based company provider of enterprise data intelligence solutions, raised $110M in Series D funding.
The round – which brought total funding raised to $217m and current market valuation to $1.2 billion – was led by Riverwood Capital with participation from new investors Sanabil Investments and Snowflake Ventures and existing investors Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures, and Union Grove Partners.
The company intends to use the funds to expand into new geographies, verticals, and product areas. The new strategic investment from Snowflake Ventures will expand the partnership and joint value proposition for Snowflake and Alation customers. In addition to the investment, the two companies are planning to enhance user experience through deep product integrations and joint go-to-market initiatives.
Led by Satyen Sangani, CEO and co-founder, Alation provides AI-powered enterprise data intelligence solutions including data search & discovery, data governance, data stewardship, analytics, and digital transformation. More than 250 enterprises use Alation, including AbbVie, American Family Insurance, Cisco, Exelon, Finnair, Munich Re, New Balance, Pfizer, Scandinavian Airlines, and US Foods. To enable customers to drive additional value from their data and analytics investments, the company has partnered with an extensive list of technologies, including AWS, Salesforce, and Snowflake.
FinSMEs
04/06/2021