Alation recently announced that they’ve secured $23 million in a Series B funding round. The investment was led by Icon Ventures. Michael Mullany, a general partner at Icon Ventures, has joined Alation’s board of directors. The round allows the company to scale in order to meet enterprise demand for collaborate data catalogs. The company’s solution is one of the top choices for chief data officers looking to catalog data.
Alation was founded in 2012 when leading Ph.D. information retrieval engineers from Google, a designer from Apple and an executive from Oracle teamed up to empower people to easily access the data they need. Customers include some of the world’s largest organizations, with thousands of employees, petabytes of data and thousands of databases.
In a statement to Solutions Review, Alation CEO Satyen Sangani told us: “As organizations move to become data driven, they must replace a top-down hierarchical culture of process with a culture where solutions and ideas can come from anywhere. That organizational shift requires that everyone has access to data and the ability to share an insight. Data catalogs are central to this shift because they allow people to find, understand and trust data.”
According to analyst house Gartner, Inc.: “By 2020, organizations that offer users access to a curated catalog of internal and external data will realize twice the business value from analytics investments than those that do not.” Alation was named a Cool Vendor in Data Integration and Data Quality in a recent paper by the enterprise technology research giant.