Atlan Pvt Ltd, a burgeoning player in data and artificial intelligence (AI) governance, has secured a hefty $105 million in its Series C funding round. The financing was spearheaded by GIC, Singapore’s sovereign wealth fund, alongside prominent tech investor Meritech Capital.
This latest investment marks a significant milestone for Atlan, elevating its valuation to a noteworthy $750 million. With participation from existing backers such as Salesforce Ventures and Peak XV Partners, the total capital infusion in Atlan now exceeds $206 million since its inception in 2019.
Atlan, co-founded by Prukalpa Sankar and Varun Banka, commenced as an internal project within SocialCops, a data-focused enterprise initiated by the same duo.
Sankar underscores the surging demand within their domain, emphasizing the imperative for enterprises to gear up their databases for AI integration.
“Our space has seen a massive increase in demand. If you think about the growth in the ecosystem, as companies make more investments into AI, and become AI-ready, almost all of them are converging to the answer that their data is not ready for AI. Atlan is very well poised to help enterprises around the world do that,” Sankar elaborated.
Despite refraining from divulging precise figures, Sankar disclosed a staggering seven-fold revenue surge for Atlan over the past two years.
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The company boasts a high-profile clientele including industry giants like Cisco, Autodesk, Unilever, Ralph Lauren, and Nasdaq.
Positioning itself as the “Github for data teams,” Atlan furnishes a sophisticated technology layer, acting as a control plane atop a business’ disparate infrastructure through catalogued metadata integration.
With the freshly infused capital, Sankar revealed Atlan’s intent to escalate its growth trajectory. “Over the last couple of years, we’ve grown significantly, and that has driven the ability to say that we have a great product and are able to solve problems for some of the world’s largest companies so let’s now double down and scale,” she articulated.
