Data collab platform Atlan secures $16 Mn in Series A led by Insight Partners

Atlan Data Collaboration

Atlan, a data democratisation startup has raised $16 million Series A funding led by global venture capital and private equity firm, Insight Partners. Other investors who participated in the round are Bob Muglia — former CEO of Snowflake, Bob Moore and Jake Stein — Founders of Stitch; Auren Hoffman — Founder of Safegraph and Liveramp; and Akshay Kothari — COO of Notion.

Current investors Sequoia Capital India’s Surge and Waterbridge Ventures also partook in the round. As part of the investment, Teddie Wardi, Managing Director, Insight Partners, is going to join Atlan’s board of directors.

Atlan is planning to use the raised capital to hire more people and to boost its product, engineering, and promotions teams in India. They are also going to double their team strength next year.

Atlan was founded in 2018 as an internal project at data for a good firm, SocialCops, and was incubated across 200+ data projects, like India’s National Data Platform, DISHA, which has been used by Prime Minister Narendra Modi.

Atlan is working with a truly collaborative approach to the modern data stack, leading the way as Figma did for design teams or Github did for engineering teams.

A few days ago the corporation recognised as a Gartner Cool Vendor 2020 in DataOps and became one of the best 3 international companies who are on the list.

In a statement, the corporation further added saying since emerging from stealth, the firm has grown rapidly, reporting sixteen times growth in the previous 2 quarters. Atlan is presently used by teams at large enterprises such as Unilever and even high-growth startups as Postman and Delhivery.

Prukalpa Sankar, Co-founder of Atlan, said, “Now a days, data assets are not just tables, but code, models, BI dashboards, and pipelines. At Atlan, we are rethinking about the human experience with data with newly raised questions like why can’t data assets be shared as effortlessly as sharing a link on Google Docs, or if Google Analytics can tell you the usage on a website, why can’t we do the similar for our data?”

In a press statement shared by the company, he said, “As the modern data stack becomes mainstream, a collaborative layer that acts as a glue across a range of tools such as Snowflake, Databricks, BI tools, and AI/ML applications, is now a need.”

Speaking on Postman’s association with Atlan, Prudhvi Vasa, Analytics Lead at Postman, said, “Atlan has become a valuable resource for the data team to get context about data. In the long run, for our data democratisation vision, we see the entire organisation working towards analysing the data and taking actions in a coherent, seamless fashion.”

Commenting on Investment & Product, Varun Banka, Co-founder of Atlan, said, “We are very happy to work with Insight as their remarkable expertise in supporting ScaleUp SaaS corporations are going to assist boost our growth. We are going be investing heavily in growing our product & engineering team in India and take great pride in pioneering a new wave of start-ups in our country that are building the best quality products, from India for the rest of the world.”

Leave a Reply

Your email address will not be published.

Subscribe to our Newsletter!

Get the latest on the Startup ecosystem delivered to you every day. Made for the Smart and Ambitious.

Total
0
Share