Tuesday, November 29, 2022

Alation Receives USD 123M for Its Data-Cataloging Software at a Valuation of USD 1.7B

By ET Bureau - November 03, 2022 1 mins read

Redwood City–based Alation, a startup that helps crawl a company’s databases in order to build data search catalogs.

Alation has raised USD 123 million in a Series E round led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures with participation from Databricks Ventures, Dell Technologies Capital, Hewlett Packard Enterprise, Icon Ventures, Queensland Investment Corporation, Riverwood Capital, Salesforce Ventures, Sapphire Ventures, and Union Grove. The company has increased its customer base to over 450 brands and its annual recurring revenue (ARR) to over USD 100 million.

The company claims that it uses machine learning to automatically parse and organize data from sources like Redshift, Hive, Presto, Spark, and Teradata, including technical metadata, user permissions, and business descriptions.

Also Read: Top Migration Mistakes that can Derail Cloud Implementation

Read More: Alation bags $123M at a $1.7B valuation for its data-cataloging software

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ET Bureau

The Enterprise talk Bureau has five well-trained writers and journalists, well versed in B2B enterprise technology industry, and constantly in touch with industry leaders for the latest trends, opinions, and other inputs- to bring you the best and latest in the domain.

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