New Funds for Enterprise Intelligence Firm Alation

Silicon Valley-based enterprise data intelligence firm Alation has raised $110m in a Series D round of funding, which it will use to meet global demand for its platform, fund new product and capability development, and to expand into new geographies, verticals and product areas.

Alation's flagship Behavioral Analysis Engine (BAE) combines machine learning and popularity-driven relevancy rankings with human insight to tackle data and metadata management issues. The firm also runs custom reporting on user behavior to understand how data is being used and to enforce governance.

The funding was led by Riverwood Capital with participation from new investors Sanabil Investments and Snowflake Ventures, and existing investors Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures, and Union Grove Partners. This brings the total raised to date to $217m and values the business at $1.2 billion. Satyen Sangani (pictured), CEO and co-founder of Alation, comments: 'With the support of this investment group led by Riverwood, I could not be more thrilled with the opportunities this capital unlocks. We'll be able to go faster'.

Web site: www.alation.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.