Alation Revenue, Valuation, Funding & Investors

Alation is valued at $1.7B as of November 2022, a 17.0x multiple on its last reported $100M revenue.

Last Alation valuation

$1.7B

Series E · Nov 2022

Last Alation funding round

$123M

Series E · Nov 2022

Alation revenue

$100M

Series E · Nov 2022

Key investors in Alation

  • Costanoa Ventures
  • Icon Ventures
  • Salesforce Ventures
  • DCVC
  • Sapphire Ventures
  • Dell Technologies Capital

Alation Overview

About Alation

Alation is a Redwood City-headquartered company delivering enterprise data intelligence platforms that excel in data search, governance, stewardship, and cataloging. Launched in 2012, its core product dominates the data catalog sector with a Behavioral Analysis Engine integrating machine learning and collaborative tools for metadata management. Alation serves Fortune 500 clients including Pfizer, Salesforce, and Citigroup, enabling analytics and digital transformation across cloud and on-premises environments in North America, Europe, and Asia.


Founded

2012

HQ

United StatesSan Francisco, CA

Status

Privately held

Customer focus

B2B

Revenue model

Subscription

Revenue

$100M (Nov 2022)

Valuation

$1.7B (Nov 2022)

Alation Valuation

Alation is currently valued at $1.7B, based on its Series E in November 2022.

The $123M round was led by Costanoa Ventures, Sanabil and Thoma Bravo, with participation from Salesforce Ventures, QIC, Union Grove Venture Partners, Riverwood Capital, Icon Ventures and 4 other investors.

Alation's valuation has grown 66x from $26M at its Series A in March 2015 to $1.7B in November 2022, across 5 priced rounds.

Alation valuation by funding round

Revenue multiple
Alation valuation by funding round
DateStageValuationRevenue Multiple
Nov 2022Series E$1.7B17.0x
Jun 2021Series D$1.2B-
Jan 2019Series C$290M-
Jul 2017Series B$93M-
Mar 2015Series A$26M-

Alation Revenue

Alation's latest recorded revenue is $100M, as of its Series E in November 2022. At a $1.7B valuation, that implies a 17.0x revenue multiple.

Alation revenue by funding round

Alation revenue and valuation multiple by funding round
DateRevenue *ValuationRevenue MultipleStage
Nov 2022$100M$1.7B17.0xSeries E

* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.

Alation Funding History

Alation has raised a total of $315M across 5 funding rounds.

Alation's first fundraising round was a $9M Series A in March 2015. The most recent completed round was a $123M Series E in November 2022.

Alation funding rounds

Alation funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Nov 2022Series ECostanoa Ventures (lead); Sanabil (lead); Thoma Bravo (lead); Salesforce Ventures; QIC; Union Grove Venture Partners; Riverwood Capital; Icon Ventures; Databricks Ventures; Hewlett Packard Enterprise; Sapphire Ventures; Dell Technologies Capital$123M$1.7BAlation, a Redwood City-based data intelligence platform, provides data search catalogs that crawl company databases to enable data discovery, governance, lineage, and collaboration for enterprises. The company serves nearly 450 enterprise customers, including over 25% of Fortune 100 companies, and focuses on multi-tenant SaaS offerings, integrations with modern data stacks like Snowflake, and expansions into public sector and international markets in APAC, EMEA, and Latin America. In November 2022, Alation raised $123 million in an all-equity Series E funding 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 Venture Partners. This brought total funding to $340 million and valued the company at over $1.7 billion post-money, a 1.5x increase from its prior Series D valuation in June 2021 despite economic challenges. The round followed key milestones, including surpassing $100 million in annual recurring revenue (ARR) in September 2022, achieving 'Centaur' status as defined by Bessemer Venture Partners for SaaS companies with proven product-market fit and scalable go-to-market models. Alation reported five consecutive quarters of accelerated year-over-year ARR growth, expanded its customer base and headcount by 75% to over 700 employees, and maintained a cumulative cash burn-to-ARR ratio of around 1.5x. Recognition as a leader in data cataloging came from analysts like IDC, Eckerson, BARC, Dresner, and Constellation, and partnerships such as Snowflake's Data Governance Partner of the Year. Proceeds from the Series E will fund product R&D, including acquisitions to enhance SaaS capabilities, new offerings for data quality and extensibility via APIs and SDKs, and global team expansion in sales, engineering, and marketing. Alation emphasized innovation in engagement, adoption, governance, and open integrations to cover more data assets and users, positioning it strongly in the growing markets for cloud data migration and data governance amid macroeconomic uncertainty.
Jun 2021Series DRiverwood Capital (lead); Salesforce Ventures; Union Grove Venture Partners; Icon Ventures; Snowflake Ventures; Sapphire Ventures; Sanabil; Costanoa Ventures; Dell Technologies Capital$110M$1.2BAlation is a data intelligence company that pioneered the modern data catalog, providing enterprise customers with capabilities for data discovery, governance, context, and collaboration. Founded in 2012, the company helps organizations find, understand, and trust data to support confident data-driven decision-making across their operations. In June 2021, Alation announced a Series D funding round of $110 million led by Riverwood Capital, with participation from new investors Sanabil Investments and Snowflake Ventures, as well as existing investors Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures, and Union Grove Partners. The round valued the company at $1.2 billion, achieving unicorn status in the data intelligence market. This brought total funding raised to $217 million across all rounds since the company's Series A in March 2015. CEO Satyen Sangani stated the capital would be deployed toward sales and marketing expansion, customer success investments, and product and R&D development to meet increasing global demand. The round exemplified 'investipartnering,' with strategic partners including Snowflake, Salesforce, and Dell taking equity positions alongside traditional venture investors. By the time of the Series D, Alation had established itself as the market-leading data catalog solution from both revenue and functionality perspectives, with over 250 enterprise clients including major brands like Blackstone and Salesforce.
Jan 2019Series CSalesforce Ventures (lead); Sapphire Ventures (lead); Icon Ventures; Blackstone; Isai; DCVC; Costanoa Ventures; Harmony Partners$50M$290MAlation raised a Series C funding round of $50 million in January 2019, matching the specified investors including Salesforce Ventures and Sapphire Ventures as leads, along with Costanoa Ventures, DCVC, Harmony Partners, Icon Ventures, and Isai. The company provides an enterprise data catalog platform combining machine learning and human insight to help organizations find, understand, and govern data, serving customers like AbbVie, Cisco, Pfizer, and others. Alation announced surpassing $100M ARR in September 2022, achieving 'Centaur' status as defined by Bessemer for SaaS companies with product-market fit and scalable go-to-market. By early 2021, Alation had over 250 customers, growing to around 300 by October 2021. Later developments include a June 2021 Series D round of $110M at $1.2B valuation, making Alation a unicorn, followed by Series E in November 2022 at over $1.7B valuation, with total funding reaching $340M. Alation acquired Numbers Station AI in May 2025 to enhance AI-native analytics with governance. The company has been recognized as a leader in data cataloging, governance, and intelligence by reports from IDC, BARC, and others.
Jul 2017Series BIcon Ventures (lead); DCVC; StartX (Stanford-StartX Fund); Costanoa Ventures; Harmony Partners$23M$93M-
Mar 2015Series ACostanoa Ventures (lead); DCVC (lead); General Catalyst; Bloomberg Beta; Andreessen Horowitz; OneTen Capital$9M$26MAlation raised $9 million in a Series A funding round on March 4, 2015, led by Costanoa Venture Capital and Data Collective (DCVC), with participation from Andreessen Horowitz, Bloomberg Beta, and General Catalyst Partners. The funding supported product development and scaling sales and marketing for its data catalog product, which emerged from stealth mode that month. Alation targets large data-driven organizations managing petabytes of data and thousands of databases to help users access key insights faster. Greg Sands from Costanoa joined the board.

Who has invested in Alation?

22 investors have backed Alation across its funding rounds, including Costanoa Ventures, Icon Ventures, Salesforce Ventures, DCVC, Sapphire Ventures and Dell Technologies Capital.

Lead investors include Costanoa Ventures, Sanabil, Thoma Bravo, Riverwood Capital, Salesforce Ventures and 3 other investors.


Alation Investors

Investors in Alation by funding rounds participated
InvestorHQRoundsRoleFirst check
Costanoa VenturesUnited StatesSan Francisco, CA5LeadMar 2015
Icon VenturesUnited StatesSan Francisco, CA4LeadJul 2017
Salesforce VenturesUnited StatesSan Francisco, CA3LeadJan 2019
DCVCUnited StatesUnited States3LeadMar 2015
Sapphire VenturesUnited StatesAustin, TX3LeadJan 2019
Union Grove Venture PartnersUnited StatesChapel Hill, NC2ParticipantJun 2021
Riverwood CapitalUnited StatesSan Francisco, CA2LeadJun 2021
SanabilSaudi ArabiaRiyadh2LeadJun 2021
Harmony PartnersUnited StatesNew York City, NY2ParticipantJul 2017
Dell Technologies CapitalUnited StatesSan Francisco, CA2ParticipantJun 2021
General CatalystUnited StatesSan Francisco, CA1ParticipantMar 2015
QICAustraliaBrisbane1ParticipantNov 2022
Bloomberg BetaUnited StatesSan Francisco, CA1ParticipantMar 2015

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Acquisitions by Alation

Alation has acquired 3 companies to date.

Last acquisition by Alation was on May 20th 2025. Alation acquired Numbers Station for undisclosed valuation.


Latest Acquisitions by Alation

Numbers Station
Kloud.io
Lyngo Analytics
Description
Numbers Station is a San Francisco-based platform for building and deploying AI data applications. The service allows technical teams to connect data warehouses, apply machine learning models from Hugging Face or OpenAI, and generate SQL queries or visualizations without coding. Launched in 2022, Numbers Station supports enterprises like Fortune 500 companies in finance and retail by accelerating AI workflows from experimentation to production.
Kloud.io is a Bengaluru-based data integration tool embedding cloud analytics into productivity apps. End-users query AWS S3 or Google BigQuery datasets directly in Excel, Sheets, Slack, or HipChat without ETL pipelines. Developers build once against unified APIs for storage, CRM, and collaboration categories, deploying to multiple endpoints.
Lyngo Analytics is a data analytics platform featuring a natural language query interface that allows business users to uncover insights by posing questions in everyday terms without requiring SQL expertise.
HQ CountryUnited StatesUnited StatesUnited States
HQ City
Austin, TX
San Jose, CA
San Francisco, CA
Deal Date20 May 202528 Nov 202214 Oct 2021
Valuationundisclosedundisclosedundisclosed
EV/Revenue
EV/EBITDA

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Alation Competitors

Alation competitors include listed companies like Business-intelligence and Teradata, and private ones like Monte Carlo, Devo, Neo4j and Firebolt.

Public and private companies comparable to Alation
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Monte CarloUnited StatesSan Francisco, CAPrivate--$1.6B-
DevoUnited StatesUnited StatesPrivate--$2B-
Neo4jSwedenMalmoPrivate$200M-$2B10.0x
Business-intelligenceChinaChinaPublicly listed$389M$54M$2B5.9x
FireboltIsraelTel AvivPrivate--$1.4B-
TeradataUnited StatesUnited StatesPublicly listed$1.7B$285M$2.7B1.5x

Alation Public Comps

Alation is still privately-owned, but its public comps include Amplitude, TRS Information Technology, Transwarp, Planisware, Innodata, Business-intelligence, DoubleVerify, Karooooo, Red Violet and Clarivate.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Amplitude$343M($76M)4.6x4.1x(21.1x)98.8x
TRS Information Technology$76M($20M)19.3x19.7x(73.5x)478.8x
Transwarp$67M($31M)27.5x28.0x(59.8x)-
Planisware$228M$78M7.3x6.7x21.5x18.4x
Innodata$252M$47M6.8x5.2x36.6x22.7x
Business-intelligence$389M$54M6.6x5.9x47.7x-
DoubleVerify$748M$136M2.7x2.5x14.6x7.4x
Karooooo$337M$148M6.3x5.7x14.3x13.8x

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Common questions about Alation

When was Alation founded?Alation was founded in 2012.
Where is Alation headquartered?Alation is headquartered in San Francisco, CA, United States.
Is Alation publicly listed?No, Alation is a private, VC-backed company.
What is Alation's valuation?Alation was last valued at $1.7B in its Series E in November 2022.
How much funding has Alation raised?Alation has raised $315M across 5 funding rounds.
What was Alation's last funding round?Alation's last funding round was a $123M Series E in November 2022, led by Costanoa Ventures, Sanabil and Thoma Bravo.
Who are Alation's investors?Alation's investors include Costanoa Ventures, Icon Ventures, Salesforce Ventures, DCVC, Sapphire Ventures, Union Grove Venture Partners, Riverwood Capital, Sanabil, Harmony Partners, Dell Technologies Capital and 12 others.
What is Alation's revenue?Alation's latest recorded revenue is $100M (November 2022).
What is Alation's revenue multiple?Alation's latest valuation implies a 17.0x revenue multiple ($1.7B valuation on $100M of revenue).
Which companies are comparable to Alation?Companies comparable to Alation include Monte Carlo, Devo, Neo4j, Business-intelligence, Firebolt and Teradata.
How many companies has Alation acquired?Alation has acquired 3 companies, including Numbers Station, Kloud.io and Lyngo Analytics.

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