Funds Value Data Intel Company Alation at $1.7 billion

In the US, enterprise data intelligence provider Alation has raised $123m in a Series E round of financing, which it will use for company growth, global expansion, and driving product innovation. The funding values the company at more than $1.7 billion.

Alation's flagship Behavioral Analysis Engine (BAE) combines machine learning and popularity-driven relevancy rankings with human insight, to tackle data and metadata management issues. The firm also runs custom reporting on user behavior to understand how data is being used, and to enforce governance.

New funding was led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures, with participation from new investor Databricks Ventures, and others including Dell Technologies Capital, and Hewlett Packard Enterprise, bringing the total raised to date to $340m. The financing will be used to increase product-focused R&D, for acquisitions, and to increase its global workforce, which has grown by 75% to 700 employees in less than twelve months.

Satyen Sangani (pictured), Alation CEO and co-founder, comments: 'The confidence from our investors reinforces that we are well positioned to capitalize on opportunities in our expanding market. This latest funding round will help us go even faster, so more organizations can harness the power of their data and convert this wealth of information into usable, trusted insights.'

Web site: www.alation.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.