Atlan bags $50 million from Insight, Salesforcre and Sequoia

Mumbai: Atlan has raised $50 million led by Insight Partners, Salesforce Ventures, and Sequoia Capital India, valuing the information collaboration workspace startup at $450 million.

A number of founders within the information house, together with Fivetran founder Taylor Brown and ThoughtSpot founder Ajeet Singh, participated within the spherical.

Atlan raised $16 million less than a year ago led by Perception Companions.

“I feel the final 12 months has been a variety of acceleration and progress for the enterprise. Because the begin of the 12 months, we grew 10x each in income and variety of clients. 70% of our clients are within the US,” Prukalpa Sankar, cofounder of Atlan, advised ET.

Atlan has a staff of over 100 individuals unfold throughout 12 international locations, together with the US, India, UK, Canada, Nigeria, Singapore, and the Philippines.

It plans to make use of the funding to double its staff within the subsequent 12 months and speed up its go-to market technique. It additionally plans to facilitate an Worker Inventory Possession Plan (Esop) buyback of as much as $1.5 million.

Sankar and Varun Banka, the cofounders of Atlan, beforehand cofounded information firm SocialCops which was the winner
in the Social Enterprise category at the ET Startup Awards in 2019.

Atlan began out as an inside undertaking at SocialCops.

Atlan, which describes itself as Github for engineering groups, has an information collaboration platform that creates a unified discovery for a corporation’s information property and lets them collaborate throughout the information stack by way of integrations with instruments like Slack, information warehouses, and different information science instruments.

“At present, information property usually are not simply tables, however code, fashions, BI dashboards, and pipelines,” stated Sankar in a press release. “Metadata is the glue that may bind the trendy information stack collectively, the layer that can enable more and more various, siloed instruments and folks to collaborate successfully.”

Atlan’s purchasers embody Delhivery, Paytm, Plaid, WeWork, Postman, and enormous enterprises comparable to Unilever.

“Historically, tooling within the house has targeted on amassing metadata however has failed in serving to clients truly drive worth from metadata,” stated Banka, cofounder of Atlan. “We’re pioneering a brand new technology of metadata: going from passive, siloed information catalogues to lively metadata platforms that may enhance each device within the information stack.”

Keep on high of technology and startup news that issues. Subscribe to our each day publication for the most recent and must-read tech information, delivered straight to your inbox.