Alation introduced at present that it raised a $110 million Sequence D spherical of funding, bringing whole funding so far for the info intelligence vendor as much as $217 million, with the corporate claiming a market valuation of $1.2 billion.
The brand new spherical of funding was led by Riverwood Capital with participation from new buyers Sanabil Investments and Snowflake Ventures, the enterprise capital arm of cloud knowledge warehouse vendor Snowflake.
Primarily based in Redwood Metropolis, Calif., Alation was based in 2012 with a knowledge catalog know-how. Over time, the corporate has expanded its platform with knowledge governance and knowledge lineage capabilities to assist present intelligence to customers about knowledge. The Alation Cloud Service was launched final month, offering knowledge intelligence as a managed service for customers.
Alation co-founder and CEO Satyen Sangani not too long ago spoke with SearchDataManagement about why his firm is elevating new cash, what knowledge intelligence is all about and the place Alation is headed sooner or later.
Why is now the fitting time to boost Sequence D for knowledge intelligence, and why is Snowflake concerned?
Satyen Sangani: We’ve got been companions with Snowflake for the final yr, however then over the past