Atlan, a leading data, and artificial intelligence (AI) governance platform has successfully raised $105 million in its Series C funding round. This significant investment was led by GIC, Singapore’s sovereign wealth fund, and Meritech Capital, with participation from existing investors Salesforce Ventures and Peak XV Partners. With this latest funding, Atlan’s total raise amount surpasses $206 million, elevating its valuation to an impressive $750 million.
Co-founded by Prukalpa Sankar and Varun Banka, Atlan addresses the pressing need for AI-ready data enriched with trust, security, and business context. As organizations increasingly prioritize AI investments and data governance, Atlan emerges as a crucial solution, offering a next-generation platform for data and AI governance.
The platform acts as a control plane and collaboration layer atop disparate data infrastructures, enabling data teams to discover, trust, and govern AI-ready data efficiently. Atlan’s centralized data management approach fosters collaboration among data producers and consumers throughout organizations, streamlining processes and ensuring data quality, accuracy, and governance.
Varun Banka, co-founder of Atlan, emphasizes the platform’s ability to unify diverse data sources, empowering data teams to leverage the entirety of their data for various use cases, including AI model development.
With the latest funding infusion, Atlan plans to accelerate its product and engineering capabilities, enhancing features and bolstering customer service, sales, and marketing efforts. Additionally, the startup aims to expand its Indian workforce and further solidify its position in the market.
Notable clients such as Cisco, Autodesk, Unilever, and Nasdaq underscore Atlan’s growing influence in the data governance space. Rob Ward, co-founder of Meritech Capital, commends Atlan for setting a new standard in modern data governance, positioning it as an essential player in enterprises’ cloud-first data strategies.
