Alation joined the Unicorn Club on June 3, 2021, after raising a $110 million Series D funding round led by Riverwood Capital, valuing it at $1.2 billion. Headquartered in Redwood City, United States, Alation provides an AI-powered, cloud-based data cataloging platform that helps enterprises manage and analyze data collaboratively across various sources.
Keep reading to learn how Alation centralizes organizational data and enhances decision-making with machine learning–driven insights.
What Is Alation and What Does It Do?
Founded in 2012, Alation provides a cloud-based data cataloging platform that enables enterprises to discover, understand, and manage data across complex systems. It uses machine learning and human curation to automatically index and document datasets, making unstructured data searchable and actionable.
Users can query information in plain English, view data lineage, discover subject matter experts, and access metadata, queries, and documentation across enterprise databases. Alation’s platform is widely adopted for data governance, analytics, and compliance, supporting industries that depend on accurate, discoverable, and secure data insights.
How Much Funding Has Alation Raised?
1. Series E Round
- Amount Raised: $123 million
- Date: November 2, 2022
- Valuation: $1.7 billion
- Lead Investors: Thoma Bravo, Costanoa Ventures
- Purpose: Expand enterprise adoption and develop AI-driven governance tools
2. Series D Round
- Amount Raised: $110 million
- Date: June 3, 2021
- Valuation: $1.2 billion
- Lead Investors: Riverwood Capital
- Purpose: Accelerate growth, enhance product capabilities, and expand market presence
3. Earlier Rounds (Seed to Series C)
- Cumulative Funding: ~$107 million
- Key Investors: Sapphire Ventures, Harmony Partners, Costanoa Ventures
- Purpose: Build data cataloging infrastructure and strengthen enterprise analytics integration
Total Funding Raised: ~$340 million
Latest Funding Date: November 2, 2022
Latest Valuation: ~$1.7 billion
Employee Count: 45 (as of January 31, 2024)
Key Investors
1. Sapphire Ventures
- Details: Venture capital firm investing in growth-stage enterprise software and cloud platforms.
- Focus Areas: Data analytics, cloud infrastructure, and AI-powered enterprise software.
2. Harmony Partners
- Details: Growth equity firm supporting technology-driven companies at the expansion stage.
- Focus Areas: SaaS, data management, and digital transformation solutions.
Where Is Alation’s Headquarters?
Alation is headquartered in Redwood City, California, United States. Its teams focus on AI and machine learning development, enterprise data governance solutions, and expanding integration capabilities across major data platforms and business intelligence tools.
What’s Next for Alation?
Alation is expanding its AI-driven data governance and collaboration capabilities while integrating with leading cloud data warehouses and BI tools. The company focuses on empowering enterprises to make data-driven decisions through enhanced visibility, trust, and compliance.
Continued global expansion and investment in generative AI for metadata management are expected to define its next phase of growth.
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