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Atlan Raises $105M in Funding, Valued at $750M

Chrissie Wong

Chrissie Wong

10 May 2024

Artificial intelligence company Atlan has successfully raised $105 million in funding, reaching a valuation of $750 million. The funding round was led by Singapore's sovereign wealth fund GIC and technology investor Meritech Capital. This success reflects the growing demand for AI integration in products and services.

Atlan operates a data stack and has raised over $206 million in its recent series C funding round. Major clients include Autodesk, Ralph Lauren, and Nasdaq. Salesforce Ventures, Insight Partners, and Sequoia Capital India were primary investors in a previous $50 million acquisition at a $450 million valuation.

Co-founder Prukalpa Sankar stated that Atlan wins three-quarters of deals when competing with legacy players. Rob Ward, co-founder of Meritech Capital, emphasized Atlan's control plane in handling large-scale projects. Atlan's revenue has grown sevenfold over two years, with a 400% surge in enterprise revenues during the first quarter.

With the recent funding, Atlan plans to expand operations and further develop its products to meet the rising demand for AI and data management solutions.