Atlan Secures $27.5 Million Funding Round Led by Salesforce Ventures
Summary
Data intelligence startup Atlan has successfully closed a funding round of $27.5 million, with Salesforce Ventures taking the lead alongside other prominent investors. The round saw participation from WaterBridge Ventures, Grace Software, Peak XV Partners, and AT13 Fund. Salesforce Ventures has a track record of investing in leading companies shaping the modern data and analytics platform, including Airbyte, dbt Labs, Monte Carlo, Snowflake, and Starburst Data.Following the latest funding round, there has been a reduction in the shareholding of Atlans co-founders, Prukalpa Sankar and Varun Banka, signaling their participation in secondary stake sales. A secondary stake sale involves the sale of a portion of existing shares by the companys co-founders to external investors or other stakeholders.Atlans platform provides a comprehensive data discovery, cataloging, lineage, and governance experience by integrating metadata from various sources such as Snowflake, dbt Labs, Databricks, Looker, Tableau, Postgres, among others. The companys services are currently utilized by data teams in notable organizations including Plaid, WeWork, Postman, Unilever, and Ralph Lauren.