Atlan is a data collaboration software startup, that aims to seize the opportunity from large  corporations who want to make their databases suitable for artificial intelligence. Singapore’s GIC and  US-based Meritech Capital valued this AI startup at $750 million in the funding round. The value nearly  doubled compared to Last year when Atlan raised a total fund of $50 million, which valued it at $450  million.  

This US-based AI startup is led by Indian founders Prukalpa Sankar and Varun Banka. They have raised  $150 million in a funding round led by GIC with co-investor Meritech Capital at the valuation of $750  million. Known names in the industry such as Salesforce and peak XV partners also participated in the  round. This AI startup is building a platform for Artificial intelligence and data governance. 

According to a report by ET, Prukalpa Sankar mentioned that they have seen a big increase in demand.  The growth in the ecosystem makes more companies invest in AI and get ready for it, but the problem  is that their data isn’t ready for AI. She added, “Atlan is in a good position to help businesses worldwide  with that.” Atlan was founded by Sankar and Banka as an internal project at SocialCops, a data  company. The report also mentioned the seven times increase in Atlan’s revenue in the last two years.  

The startup has a strong customer base including Cisco, Autodesk, Ralph Lauren, Nasdaq, and Unilever.  Atlan described itself as a hub for data teams by providing a tech layer that acts as a control plane on  top of the business’s infrastructure by integrating it via catalog metadata. Atlan will give direct  competition to known tech giants such as Microsoft, Oracle, and IBM.

The funds Atlan raised will be  used to scale up the company and expand it further. The company has shown an incredible increase in  terms of its value, which proves the quality products and its ability to solve problems for some of the  world’s largest companies. Sankar mentioned that the investment will be made in building more  capable product and engineering teams and the rest will be used to enhance customer service, sales, and marketing. “we will be investing across product, engineering, and customer service” she added.

Conclusion: 

Atlan is an AI startup focusing on making its databases suitable for artificial intelligence. The startup  recently raised $105 million, making its value $750 million. Led by Indian founders Prukalpa Sankar  and Varun Banka, the company aims to help big corporations make their databases ready for AI. The  investment was led by Singapore’s GIC and US-based Meritech Capital, with participation from  Salesforce and peak XV partners.

Atlan’s revenue has grown sevenfold in the past two years, with  clients like Cisco and Unilever. With plans to compete with tech giants like Microsoft and Oracle, Atlan  will use the funds to expand its team and improve its products and services. Sankar emphasized  investing in product development, engineering, and customer support to meet the growing demand  and solve problems for more companies globally.