Atlan scores $105M for its data control plane, as LLMs boost importance of data
Summary
In fact, co-founders Prukalpa Sankar and Varun Banka got their start building Indias national data platform called SocialCops. The startup seemingly finds itself in the right place at the right time, solving the right problem and investors are looking to take advantage.Atlan is built on the premise that there is an inherent complexity in every organizations data ecosystem. We connect to Snowflake and Databricks, your BI tools, your AI LLM models and your source systems like Salesforce, and we create a single source of truth, essentially a map across your API ecosystem, Sankar told TechCrunch.The idea is to build a data fabric that helps people understand how data connects across an organization, and to make it easier to collaborate around data, search across it and fix problems, such as a number that wont update in a BI dashboard, in an automated way.Sankar says companies spend too much time trying to understand the data they have, while trying to make sure its being delivered to dashboards accurately and making it accessible to the employees who need it most.The company is not getting this kind of money purely based on good timing, though. The startup also reports that it achieved an 80% win rate in competitive trials in 2023.While they wouldnt discuss the number of customers they have, customer wins include Nasdaq, HubSpot, Elastic, Dr. Martens and Porto Seguro, to name a few.Atlan currently has 275 employees, with plans to expand given the newly found capital. Although Sankar wasnt ready to commit to a specific number of new employees, she said they are hiring.Todays round was led by GIC and Meritech Capital along with existing investors Salesforce Ventures and PeakXV.