Alation Inc, a specialist in enterprise data intelligence has raised $123 million in a Series E funding round led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures alongside participation from new investor Databricks Ventures.
Alation Inc, a specialist in enterprise data intelligence has raised $123 million in a Series E funding round led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures alongside participation from new investor Databricks Ventures.
This round takes Alation’s total funding raised to $340 million with the company now valued at $1.7 billion.
Dell Technologies Capital, Hewlett Packard Enterprise (HPE), Icon Ventures, Queensland Investment Corporation, Riverwood Capital, Salesforce Ventures, Sapphire Ventures, and Union Grove also participated in the round.
The fresh capital will be used to accelerate Alation’s growth and global expansion and drive its strategic product innovation as the demand for data intelligence platforms surges. The financing will further bolster Alation’s leadership position in the market and drive.
