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- Atlan
Atlan Revenue, Valuation, Funding & Investors
Atlan is valued at $750M as of May 2024, a 75.0x multiple on its last reported $10M revenue.
Last Atlan valuation
$750M
Series C · May 2024
Last Atlan funding round
$105M
Series C · May 2024
Atlan revenue
$10M
Series C · May 2024
Key investors in Atlan
WaterBridge Ventures
Peak XV Partners
Insight Partners
Salesforce Ventures
GIC
Meritech Capital Partners
About Atlan
Atlan is a data collaboration workspace acting as a centralized hub for tables, dashboards, models, and code across the modern data stack. It integrates with Slack, Snowflake, Redshift, Looker, Sisense, and Tableau, earning Gartner recognition as a Cool Vendor in DataOps among the top three companies globally.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Revenue
$10M (May 2024)
Valuation
$750M (May 2024)
Atlan Valuation
Atlan is currently valued at $750M, based on its Series C in May 2024.
The $105M round was led by GIC and Meritech Capital Partners, with participation from Salesforce Ventures, WaterBridge Ventures, Insight Partners and Peak XV Partners.
Atlan's valuation has grown 1.7x from $450M at its Series B in February 2022 to $750M in May 2024, across 3 priced rounds.
Atlan valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| May 2024 | Series C | $750M | 75.0x |
| Mar 2024 | Series B | $490M | 6.5x |
| Feb 2022 | Series B | $450M | 112.5x |
Atlan Revenue
Atlan's latest recorded revenue is $10M, as of its Series C in May 2024. At a $750M valuation, that implies a 75.0x revenue multiple.
Revenue grew from $4M in February 2022 to $10M in May 2024, while the revenue multiple moved from 112.5x to 75.0x.
Atlan revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| May 2024 | $10M | $750M | 75.0x | Series C |
| Mar 2024 | $75M | $490M | 6.5x | Series B |
| Feb 2022 | $4M | $450M | 112.5x | Series B |
* 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.
Atlan Funding History
Atlan has raised a total of $202M across 5 funding rounds.
Atlan's first fundraising round was a $3M seed round in July 2019. The most recent completed round was a $105M Series C in May 2024.
Atlan funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| May 2024 | Series C | GIC (lead); Meritech Capital Partners (lead); Salesforce Ventures; WaterBridge Ventures; Insight Partners; Peak XV Partners | $105M | $750M | Atlan is an AI-based data and AI governance platform that serves as a unified control plane for modern data teams, enabling discovery, trust, governance, and collaboration on data assets across warehouses, lakehouses, vector databases, BI tools, and AI agents. Founded in 2020 by Prukalpa Sankar and Varun Banka, the Singapore-headquartered company (with operations in San Francisco) offers active metadata-driven solutions, including an AI copilot launched in May 2023 for conversational data queries, SQL generation, and documentation. It integrates deeply with the modern data stack and has earned leadership in Forrester Wave for Enterprise Data Catalogs and multiple G2 categories. On May 8, 2024, Atlan raised $105 million in a Series C round co-led by GIC (Singapore’s sovereign wealth fund) and Meritech Capital Partners, with participation from existing investors Salesforce Ventures, Peak XV Partners, Insight Partners, and Waterbridge Ventures, bringing total funding to over $206 million. The round valued the company at a post-money valuation of $750 million. Funds are earmarked for expansion amid surging demand for AI data readiness and governance. Atlan demonstrated explosive growth with revenues surging over 7x in the last two years (and ARR growing 7x in two years, 31x in three years per TechCrunch), 400% enterprise sales growth in Q1 2024, 75-80% win rates in competitive trials, and a customer base including Cisco, Autodesk, Unilever, Ralph Lauren, FOX, News Corp, Nasdaq, HubSpot, Plaid, Ingersoll Rand, Elastic, Dr. Martens, and Porto Seguro. The company had around 275 employees at the time, with plans to hire more. Positioned as essential infrastructure for cloud-first enterprises pursuing AI initiatives and data democratization, Atlan differentiates through its active metadata approach that drives automation and collaboration beyond traditional governance tools. Investors like Meritech, early backers of Snowflake, Looker, Tableau, and Datadog, highlighted its transformative potential in the data community. |
| Mar 2024 | Series B | Salesforce Ventures (lead); Grace Software; WaterBridge Ventures; AT13 Fund; Peak XV Partners | $28M | $490M | Atlan is a data intelligence and collaboration platform that enables data teams to catalog, discover, govern, and manage data assets efficiently, serving clients like Plaid, WeWork, Postman, Unilever, and Ralph Lauren. Founded in 2019 by Prukalpa Sankar and Varun Banka, the Singapore-headquartered company originated from an internal project at SocialCops and has grown into a key player in data governance and AI data readiness. In March 2024, Atlan raised $27.5 million in a new funding round led by Salesforce Ventures ($15M), with participation from WaterBridge Ventures ($6.5M), Grace Software ($3M), Peak XV Partners ($1.5M), and AT13 Fund ($1.5M). The round, which began in August 2023 and concluded in multiple tranches, valued the company at an estimated $480-500 million post-money, up from $450 million in its prior $50 million Series B in March 2022. Salesforce Ventures increased its stake to 7.4% through this investment. At the time of the round, Atlan's Annual Recurring Revenue (ARR) was reported between $70 million and $80 million by sources. The company has demonstrated strong traction, with customers including Cisco, Autodesk, FOX, News Corp, Nasdaq, Elastic, HubSpot, and others, and was positioned as a leader in Forrester's 2022 Wave for enterprise data catalogs. This round follows earlier funding including a $16.5 million Series A in 2021 and seed rounds, bringing total raised prior to $200 million. Subsequently, in May 2024, Atlan raised a $105 million Series C led by GIC and Meritech Capital at a $750 million valuation, with participation from Salesforce Ventures and Peak XV, to expand AI-ready data capabilities amid surging demand. |
| Feb 2022 | Series B | Insight Partners (lead); Peak XV Partners (lead); Salesforce Ventures (lead); Ajeet Singh; WaterBridge Ventures; Taylor Brown | $50M | $450M | Atlan is a data collaboration platform that serves as a hub for data teams, enabling sharing of data assets like tables, columns, SQL code, BI dashboards, and data science models through active metadata. It provides data catalog, glossary, lineage, governance, and quality features, integrating with tools like Snowflake, Dremio, and dbt. The company originated as an internal project at SocialCops and has grown into a global team across 12 countries. On March 9, 2022, Atlan closed a $50 million Series B funding round at a post-money valuation of $450 million USD, led by Salesforce Ventures, Insight Partners, and Peak XV Partners (formerly Sequoia Capital India). Participants included angels like Fivetran founder Taylor Brown and Thoughtspot founder Ajeet Singh, plus existing investor Waterbridge Ventures. This followed a $16 million Series A eight months prior, with proceeds aimed at accelerating product development, go-to-market expansion, team growth, and a $1.5 million ESOP buyback. At the time of the Series B, Atlan reported 10x growth in customers and ARR throughout 2021. For FY22 (April 2021 to March 2022), operational revenue reached INR 32 crore or $4 million USD, indicating strong traction with enterprise clients like Plaid, WeWork, Unilever, Cisco, and Nasdaq. The platform was recognized as a Leader in the Forrester Wave for Enterprise Data Catalogs (Q2 2022). Atlan continued rapid expansion post-Series B, achieving nearly 3x ARR growth in 2023 and 7x over two years from 2022, with a 75% competitive win rate. In May 2024, it raised $105 million in Series C at $750 million valuation, increasing total funding beyond $200 million. |
| May 2021 | Series A | Insight Partners (lead); Akshay Kothari; Bob Muglia; Auren Hoffman; WaterBridge Ventures; GTMfund; Jake Stein; Flex Capital; Bob Moore; Ameet Patel; Peak XV Partners | $17M | - | Atlan is a data collaboration workspace platform that emerged from stealth in 2020, building governance and collaboration tools for data teams. The company was incubated across over 200 data projects, including India's National Data Platform (DISHA), and was recognized as a Gartner Cool Vendor 2020 in DataOps. On May 25, 2021, Atlan closed a $16 million Series A round led by Insight Partners, with participation from high-profile angels including Bob Muglia (former CEO of Snowflake), Bob Moore and Jake Stein (founders of Stitch), Auren Hoffman (founder of Safegraph and Liveramp), and Akshay Kothari (COO of Notion). Existing investors Sequoia Capital India's Surge and Waterbridge Ventures also participated. Atlan had demonstrated strong early momentum, reporting 16x growth in the six months prior to the funding announcement. The company planned to use the capital to expand its team from 40 to over 80 employees, strengthening product, engineering, and marketing functions in India while accelerating go-to-market initiatives. |
| Jul 2019 | Seed | WaterBridge Ventures (lead); Yukti Securities | $3M | - | Atlan, a data collaboration software provider, raised Rs 18 crore (about $2.6 million) in a pre-Series A round in July 2019 led by WaterBridge Ventures. Existing investors included Sequoia's Surge, 500 Startups, Hatcher, family offices like the Bhagchandka family, and advisors Ratan Tata and Rajan Anandan. The company originated as an internal project at SocialCops, incubated across over 200 data projects including India’s National Data Platform. Atlan planned to use early funding to build its product for data teams, focusing on integrations with tools like Slack and data warehouses. WaterBridge Ventures supported Atlan from its first institutional seed in 2018 through later rounds. The startup participated in Sequoia’s Surge program and later raised a $16 million Series A in 2021 led by Insight Partners with Waterbridge participation. |
Who has invested in Atlan?
19 investors have backed Atlan across its funding rounds, including WaterBridge Ventures, Peak XV Partners, Insight Partners, Salesforce Ventures, GIC and Meritech Capital Partners.
Lead investors include GIC, Meritech Capital Partners, Salesforce Ventures, Insight Partners, Peak XV Partners and 1 other investor.
Atlan Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 5 | Lead | Jul 2019 | ||
| 4 | Lead | May 2021 | ||
| 3 | Lead | Feb 2022 | ||
| 3 | Lead | May 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | May 2021 | ||
| 1 | Participant | Feb 2022 | ||
| -- | 1 | Participant | Mar 2024 | |
| 1 | Participant | May 2021 | ||
| 1 | Participant | Jul 2019 | ||
| 1 | Lead | May 2024 | ||
| 1 | Participant | Mar 2024 | ||
| 1 | Participant | May 2021 | ||
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Start Free TrialAtlan Competitors
Atlan competitors include listed companies like Business-intelligence and Teradata, and private ones like Nominal, Treasure Data, Imply and Chalk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $1B | - | ||
| Private | - | - | $1B | - | ||
| Private | - | - | $1.1B | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $389M | $54M | $2B | 5.9x | ||
| Publicly listed | $1.7B | $285M | $2.7B | 1.5x |
Atlan Public Comps
Atlan is still privately-owned, but its public comps include WingArc1st, Similarweb, e-Hualu, Cognyte Software, Beijing Join-Cheer, Plus Alpha Consulting, Latent View Analytics, Claritev, Happiest Minds Technologies and Spire Global.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $199M | $70M | 3.5x | 3.3x | 10.0x | 10.5x | |||
| $283M | ($15M) | 2.5x | 2.3x | (48.6x) | 26.2x | |||
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $400M | $21M | 1.5x | 1.4x | 27.6x | 9.8x | |||
| $386M | $11M | 1.9x | - | 68.9x | - | |||
| $110M | $36M | 4.2x | 3.8x | 12.9x | 9.4x | |||
| $111M | $27M | 4.4x | 4.0x | 17.8x | 18.2x | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
This data is available for Pro users. Sign up to see all Atlan competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Atlan
| When was Atlan founded? | Atlan was founded in 2018. |
| Where is Atlan headquartered? | Atlan is headquartered in Singapore, Singapore. |
| Is Atlan publicly listed? | No, Atlan is a private, VC-backed company. |
| What is Atlan's valuation? | Atlan was last valued at $750M in its Series C in May 2024. |
| How much funding has Atlan raised? | Atlan has raised $202M across 5 funding rounds. |
| What was Atlan's last funding round? | Atlan's last funding round was a $105M Series C in May 2024, led by GIC and Meritech Capital Partners. |
| Who are Atlan's investors? | Atlan's investors include WaterBridge Ventures, Peak XV Partners, Salesforce Ventures, Insight Partners, Akshay Kothari, Bob Muglia, Ajeet Singh, Grace Software, Auren Hoffman, Yukti Securities and 9 others. |
| What is Atlan's revenue? | Atlan's latest recorded revenue is $10M (May 2024). |
| What is Atlan's revenue multiple? | Atlan's latest valuation implies a 75.0x revenue multiple ($750M valuation on $10M of revenue). |
| Which companies are comparable to Atlan? | Companies comparable to Atlan include Nominal, Treasure Data, Imply, Chalk, Business-intelligence and Teradata. |
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