Several founders in the data space, including Fivetran founder Taylor Brown and ThoughtSpot founder Ajeet Singh, participated in the round.
Atlan raised $16 million less than a year ago led by Insight Partners.
“I think the last year has been a lot of acceleration and growth for the business. Since the start of the year, we grew 10x both in revenue and number of customers. 70% of our customers are in the US,” Prukalpa Sankar, cofounder of Atlan, told ET.
Atlan has a team of over 100 people spread across 12 countries, including the United States, India, UK, Canada, Nigeria, Singapore, and the Philippines.
It plans to use the funding to double its team in the next 12 months and accelerate its go-to market strategy. It also plans to facilitate an Employee Stock Ownership Plan (Esop) buyback of up to $1.5 million.
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Sankar and Varun Banka, the cofounders of Atlan, previously cofounded data company SocialCops which was the winner
in the Social Enterprise category at the ET Startup Awards in 2019.
Atlan started out as an internal project at SocialCops.
Atlan, which describes itself as Github for engineering teams, has a data collaboration platform that creates a unified discovery for a company’s data assets and lets them collaborate across the data stack through integrations with tools like Slack, data warehouses, and other data science tools.
We have BIG NEWS to share: @AtlanHQ raised a $50M Series B led by @insightpartners, @SalesforceVC, and… https://t.co/NNWomz6V6J
— Prukalpa ✨ (@prukalpa) 1646829333000
“Today, data assets are not just tables, but code, models, BI dashboards, and pipelines,” said Sankar in a statement. “Metadata is the glue that can bind the modern data stack together, the layer that will allow increasingly diverse, siloed tools and people to collaborate effectively.”
Atlan’s clients include Delhivery, Paytm, Plaid, WeWork, Postman, and large enterprises such as Unilever.
“Traditionally, tooling in the space has focused on collecting metadata but has failed in helping customers actually drive value from metadata,” said Banka, cofounder of Atlan. “We are pioneering a new generation of metadata: going from passive, siloed data catalogues to active metadata platforms that can improve every tool in the data stack.”
