US-based AI startup Atlan, founded by Prukalpa Sankar and Varun Banka, has announced a groundbreaking $105 million Series C funding round led by Singapore’s sovereign wealth fund, GIC, along with co-investor Meritech Capital. This funding round, with participation from existing investors Peak XV Partners and Salesforce Ventures, propels Atlan’s valuation to $750 million, cementing its position as a frontrunner in the realm of data and AI governance.
Atlan, a pioneer in data and AI governance, is revolutionizing the way organizations manage and harness their data assets. The company’s platform facilitates seamless collaboration between data and business teams, empowering enterprises to discover, trust, and govern AI-ready data effectively.
“We are thrilled to announce our latest funding round, which underscores the growing demand for robust data governance solutions. Atlan is addressing the critical need for AI-ready data enriched with context and trust, enabling organizations to unlock the full potential of their data assets.”
Prukalpa Sankar, Co-Founder
The significance of data governance in today’s AI-driven landscape cannot be overstated. As organizations increasingly invest in AI initiatives, ensuring the quality, accuracy, and governance of data becomes paramount. Atlan’s platform serves as a control plane, centralizing data management and fostering collaboration across diverse data sources and platforms.
“With this funding, we are poised to accelerate our mission of transforming data governance,” added Varun Banka, co-founder of Atlan. “Atlan empowers data teams to leverage the entirety of their data at high velocity and scale, driving innovation and enabling data democratization.”
Atlan’s commitment to excellence has earned it industry recognition, including leadership positions in the latest Forrester Wave for Enterprise Data Catalogs for DataOps and multiple G2 categories. The company’s innovative ‘active metadata’ approach, which catalyzes action through metadata, has set a new standard for modern data governance.
With the support of top investors like GIC, Insight Partners, Sequoia Capital India, and Salesforce Ventures, Atlan is poised to shape the future of data and AI governance. Trusted by industry giants such as Cisco, Autodesk, Unilever, and HubSpot, Atlan is driving major AI and data democratization initiatives worldwide.
