Atlan Secures Major Investment Led by Salesforce Ventures, Propelling Growth and Innovation in Data Intelligence.

Data intelligence startup Atlan has successfully concluded a funding round of $27.5 million, with leading investment firm Salesforce Ventures taking the helm alongside several other prominent investors. The funding round witnessed active participation from WaterBridge Ventures, Grace Software, Peak XV Partners, and AT13 Fund. Notably, Salesforce Ventures led the investment with a significant contribution of $15 million, followed by WaterBridge Ventures with $6.5 million, as per regulatory filings from Atlan in Singapore. Grace Software, Peak XV Partners, and AT13 Fund collectively injected an additional $6 million into the startup.

Atlan has forged a strong partnership with Salesforce, its technology ally, with Salesforce Ventures progressively increasing its stake in the company. Presently, Salesforce Ventures holds a 7.4% stake in Atlan, as disclosed in the startup's Singapore filings. The investment arm of Salesforce has a proven track record of backing leading companies shaping the modern data and analytics landscape, including Airbyte, dbt Labs, Monte Carlo, Snowflake, and Starburst Data.

In light of the recent funding round, there has been a redistribution in the shareholding of Atlan's co-founders, Prukalpa Sankar and Varun Banka, signaling their involvement in secondary stake sales. A secondary stake sale involves the divestment of a portion of existing shares by the company's co-founders to external investors or other stakeholders, further solidifying Atlan's position as a key player in the data intelligence sector.