Alation recently announced that it has raised $110 million in Series D funding, bringing the company’s total earned to more than $200 million since its founding in 2012. The capital injection was led by Riverwood Capital with participation from new and existing investors. The round will enable Alation to meet demand for its popular data intelligence platform. It will also enable the company to fund innovation in new products and capabilities. Alation wants to expand to new geographies, verticals and product areas as well.
Alation offers a platform for a broad range of data intelligence solutions including data search and discovery, data governance, data stewardship, analytics, and digital transformation. The product features a Behavioral Analysis Engine, inbuilt collaboration capabilities, and open interfaces. Alation also profiles data and monitors usage to ensure that users have accurate insight into data accuracy. The platform provides insight into how users are creating and sharing information from raw data as well.
New investor 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 coming product integrations and joint go-to-market initiatives. Alation recently launched Alation Cloud Service, a cloud-based platform for data intelligence designed to enable customers to leverage innovations faster through continuous integration and deployment options.
In a media statement on the news, Alation CEO Satyen Sangani said: “There’s never been a stronger demand for Alation. Alation empowers leading global brands to find, understand, and trust data. With the support of this investment group led by Riverwood, I could not be more thrilled with the opportunities this capital unlocks. We’ll be able to go faster. This is what our customers like Blackstone and Salesforce want. This is what our partners like Snowflake, Tableau, and Capgemini want. Most critically, it’s what people who use data desperately need to make decisions and innovate.”
Read Data Intelligence + Human Brilliance: The Future of the Data Catalog in the company’s blog to learn more.
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