Data Collaboration Workspace Company Atlan Secures $16 Million

By Amit Chowdhry ● May 26, 2021
  • Atlan recently announced that it has raised $16 million in Series A funding led by Insight Partners. These are the details.

Atlan recently announced that it has raised $16 million in Series A funding led by Insight Partners. And a number of high-profile angel investors also participated in the round, including Bob Muglia, former CEO of Snowflake, Bob Moore and Jake Stein, founders of Stitch, and Auren Hoffman, founder of Safegraph and Liveramp. And existing investors Sequoia Surge and Waterbridge Ventures also participated in the round. As a part of the funding, Insight Managing Director Teddie Wardi will join Atlan’s board of directors. 

The company started out as an internal project at data for good firm SocialCops and was incubated across 200+ data projects, including India’s National Data Platform used by the Prime Minister himself. And since emerging from stealth, the company has grown rapidly, reporting 16x growth within the last two quarters. Atlan is currently used by teams at large enterprises like Unilever and Scripps Health as well as high growth startups like Postman. Plus Atlan’s data collaboration platform creates a unified discovery and collaboration experience across the entire modern data stack. 

Atlan is planning to use the funding to expand its current team of 40 across marketing, sales, and customer success, and accelerate its go-to market motion.

KEY QUOTES:

“Today, data assets are not just tables, but code, models, BI dashboards, and pipelines. At Atlan, we are reimagining the human experience with data — why can’t data assets be shared as easily as sharing a link on Google Docs, or if Google Analytics can tell you usage on a website, why can’t we do the same for our data?”

— Prukalpa Sankar, Co-Founder of Atlan

“As the modern data stack becomes mainstream, a collaborative layer that acts as a glue across a variety of tools like Snowflake, Databricks, BI tools, and AI/ML applications, is becoming a necessity. Atlan is bringing a truly collaborative approach to the modern data stack, leading the way like Figma did for design teams or Github did for engineering teams. We are thrilled to welcome Atlan to Insight and advise the team on operations, go-to-market, and product development.”

— Insight Managing Director Teddie Wardi 

“As we rolled-out our modern data platform, we were looking for a product that made it easier to democratize our data and was less dependent on someone central answering each individual analyst’s questions on a one-off basis. Legacy solutions in the market were tailored to legacy systems and approaches where IT or a single data stewardship team owns the data. Atlan was the only solution that was built for a collaborative, bottom-up approach. With native integrations with our modern analytics stack like Snowflake and Tableau, Atlan was very easy to set-up – we had all of our data sources flowing within the first day.”

— Danielle Boeglin Ragan, Vice President of Data & Analytics at Techstyle

“We are excited to partner with Insight as their significant expertise in backing ScaleUp SaaS companies will help accelerate our growth.”

— Varun Banka, Co-Founder of Atlan