Alation has raised $50 million in new Series C venture capital funding. The round was led by Sapphire Ventures with participation from Salesforce Ventures. Alation will utilize the new capital to expand its presence in the data management space and continue to innovate its popular data catalog software. It also means that the company can enhance its product for additional machine learning use cases like its Behavior I/O and SmartSuggest features.
Alation is a complete repository for enterprise data, providing a single point of reference for business glossaries, data dictionaries, and Wiki articles. The product profiles data and monitors usage to ensure that users have accurate insight into data accuracy. Alation also provides insight into how users are creating and sharing information from raw data. Its data catalog combines machine learning and human collaboration to drive self-service analytics.
In a statement to the media, Alation’s CEO and co-founder Satyen Sangani said of the funding news: “With the rise of self-service analytics, the Alation Data Catalog has become the crucial single-source of reference for organizations seeking to be data-driven. With the support of Sapphire, Salesforce, and our existing investors, we’re confident that we’ll continue to accelerate our company growth and meet the growing demand for data catalogs around the globe.”
Alation has earned industry accolades over the last twelve months, culminating in a leadership position in Gartner’s recent Magic Quadrant for Metadata Management Solutions. As one of the major players in the marketplace, Alation stakes its claim as an industry leader with other software providers like Informatica, Collibra, IBM and Oracle.