Sunday, November 27, 2022
HomeBig DataAtlan Raises $50M Collection B to Construct the Way forward for Metadata...

Atlan Raises $50M Collection B to Construct the Way forward for Metadata within the Fashionable Information Stack – Atlan


TL;DR: We raised $50M led by Salesforce Ventures, Sequoia, and Perception with participation from current buyers, valuing us at $450M. 

At this time’s announcement is surreal. 

At Atlan, we started as an information crew ourselves and have been annoyed by how troublesome it was to handle our work. It felt like an uphill climb to share information, doc data, monitor modifications, save work, and extra. We have been envious of our gross sales, advertising and marketing, and engineering groups, who labored in fashionable instruments like Salesforce, Hubspot, and GitHub whereas we toggled between a dozen disconnected, siloed instruments every single day. 

Again in 2017, we wrote an inside memo titled “Salesforce for Information Groups”. This memo is when the thought for Atlan began taking form, and it’s what makes in the present day’s fundraise announcement with the Salesforce Ventures crew all of the extra particular. ❤️

In our first pitch deck, we shared a daring imaginative and prescient. Salesforce is the house for gross sales groups, GitHub is the house for engineering groups, and Figma is the house for design groups. At Atlan, we wished to be the House for Information Groups. 

Atlan Series B - Seed Pitch Deck
Throwback from the pitch deck we used at Atlan’s seed spherical

Prior to now 18 months, we couldn’t be extra grateful to the superb information groups who’ve trusted us and given us the chance to grow to be their residence. My private favourite second of the yr was in a check-in with Larisa Gorokhova, the Senior Director of BI at CSE Insurance coverage, when she stated to me, “Atlan is not only an information catalog. It’s actually a house for information individuals to collaborate, to debate issues, to affix collectively. It’s a house in your information crew.” 

We’re thrilled that we’ve constructed a house the place information groups like to reside and work every single day, however we all know that’s simply step one. 

At this time we’re so excited to announce that we’ve closed our Collection B, a $50 million spherical of funding led by Salesforce Ventures, Sequoia, and Perception. A number of founders within the fashionable information stack additionally participated within the spherical, together with Taylor Brown from Fivetran and Ajeet Singh from ThoughtSpot, in addition to current buyers Waterbridge Ventures.

Fundraise bulletins are sometimes boring, so in the present day we need to share what this fundraise actually means to us and what’s subsequent in our journey to maneuver the needle for information groups all over the world. 

Supercharging each instrument and expertise within the fashionable information stack

Whereas the info stack has solved some essential issues, it’s grow to be more and more chaotic and siloed. The expertise of working with these instruments in the present day is essentially damaged. Benn Stancil wrote about this and made an open name for the “Fashionable Information Expertise”. 

Whereas we don’t absolutely know what the way forward for the trendy information stack holds, we all know that metadata shall be key to sewing collectively the perfect information expertise. 

Metadata was all the craze final yr. But all of the hype and debates targeted on metadata architectures, push vs pull, information discovery vs information catalogs, and so on. We consider these are the unsuitable issues to be specializing in. 

We consider that the subsequent leap ahead within the metadata house won’t come from perfecting the structure. As a substitute, it would come from serving to information groups get actual worth from the gold mine of metadata that’s generated in the present day. 

Now we have nonetheless barely scratched the floor of what metadata can do. Metadata holds the important thing to fixing dozens of issues in our house — allocating compute assets dynamically based mostly on utilization metadata, scoring information well being and insights, purging stale information belongings, and even dynamic pipeline optimization

For instance, think about a world the place these conditions are the norm:

  • When an information high quality difficulty is detected in a supply desk, the system routinely stops the downstream pipelines to make sure that incorrect information doesn’t make its solution to the dashboard. 
  • The system leverages previous utilization logs to routinely tune information pipelines and optimize compute efficiency by shifting hundreds in the direction of regularly used information belongings and optimizing the schedules of knowledge pipeline runs.

We consider that the answer to that is shifting from in the present day’s passive, siloed methods to actually activating metadata. Consider a Section or Zapier-like expertise the place metadata can create concord throughout instruments and energy good experiences throughout the info stack. 

To make this future occur, we have to open up metadata and transfer from augmented information catalogs to “metadata wherever” orchestration methods. For the previous yr, we’ve been quietly working in the direction of making this new world of lively metadata a actuality, and we will’t wait to indicate you our progress. Keep tuned for some thrilling updates within the close to future. 😉

Learn our current book on the third era of knowledge catalogs and the lively metadata motion. 

Constructing the form of firm that we wished we might have partnered with

In our early days at Atlan, we wrote an inside manifesto about what it will take to be the form of firm that we wished we might associate with once we have been an information crew ourselves. These ideas have pushed virtually all our product and enterprise choices since Day Zero. Considered one of these ideas is, “Be a associate, not a vendor.” 

In a chat with Venkat Gopalan, the Chief Information Officer at Belcorp, we requested, “What shocked you about Atlan?” He replied, “Past the product, it was the crew dedication. I see this as a partner-partner relationship, not a client-vendor relationship. I believe you might be genuinely keen on investing within the success of a company.” 

In the identical spirit, Larisa stated, “I hope you gained’t lose that spirit and dedication to your clients as you develop. I’ve seen that occur rather a lot… I hope you gained’t lose that spark.” 

We’ve not too long ago heard this sentiment from lots of our clients — they don’t simply worth our product, but in addition the individuals who include it.

When information groups carry on Atlan, they’re usually going by way of a important transformation. Our champions face the problem of serving to their groups transfer from a reactive “information service” mindset to a proactive “information product” mindset. Whereas know-how is a vital a part of this transition, the best way {that a} information crew evolves its tradition and rituals is simply as essential.

In our common espresso chats with our buyer champions, we realized that we regularly have been going past speaking about our product and have requests (although that got here up too! 😉). As a substitute, they began asking us about their inside challenges, cultural rituals, and greatest practices round setting the appropriate processes. We realized that we have been ready so as to add a ton of worth by simply sharing experiments and learnings from different information groups that we work with. 

We’ve consciously chosen to be extra than simply the supplier of a product and make investments closely into serving to our clients with tradition enablement. For us, this implies treating our clients’ targets as our personal. It means going above and past, and doing no matter we will to assist them succeed. 

Final yr, we began with a small group house for our clients to share frameworks and greatest practices. Within the coming yr, you will note us make investments closely in doing extra to assist drive the info tradition stack ahead — for our clients, but in addition for any information crew trying to work collectively higher.

Giving again to the info group

Our mission at Atlan is to assist information groups do their lives’ greatest work, collectively. The primary and most impactful solution to obtain this was by constructing an incredible product. However the product was all the time simply speculated to be one a part of the mission.

All of us within the fashionable information stack have been working collectively to construct one thing higher and enhance information groups’ every day work. Within the early days, one of the best ways for us to do that was to be clear about sharing our personal learnings as an information crew. Since then, we’ve discovered a lot from our clients and associates within the information world as they tackle this journey, and we’ve been working to make this data overtly accessible for groups in all places, whether or not they use Atlan or not.

At this time this funding permits us to broaden our efforts to provide again to the group that has been so supportive of our work.  

Within the coming yr, we’ll work to share this data overtly and transparently. We’ll proceed to spend money on instructional content material and assets, sponsor meetups and communities, and contribute again to the essential open-source initiatives and tasks that we’re obsessed with. 

Constructing an incredible crew of Atlanians all over the world

Whereas the final yr has been a whirlwind of numbers and wins, what we’re most pleased with is the superb crew we’ve constructed. 

We’re now a crew of over 100 Atlanians unfold throughout 12 nations and 40 cities. Our go-to-market crew stretches throughout the globe, with properties in San Francisco, New York, Guadalajara, London, Manila, Istanbul and Chennai. Our finance and operations crew is in New Delhi and Toronto, whereas our safety crew is in Singapore and Pune. Our product and engineering crew is unfold throughout Bangalore, Windfall, Lagos, and past. 

Atlan Series B - Global Team

Our crew begins off each assembly with “Good morning, afternoon, and night!” and routinely is aware of what time it’s in Los Angeles and New Delhi proper now. It’s a bit odd, we admit, however we like it. 

We did this as a result of one in every of our core values is “One Staff”. It doesn’t matter whether or not somebody is from San Francisco or Sao Paulo, whether or not they went to Harvard or a university we’ve by no means heard of, whether or not they’re 18 or 81, whether or not their gender id is male, feminine, or non-binary… We don’t care about any of this. 

At Atlan, all we care about is somebody’s work, as a result of it speaks in a means that phrases by no means can. We love individuals who take satisfaction of their work and do the appropriate factor even when nobody is watching. This concentrate on letting anybody, wherever, be a part of our mission implies that we’ve been in a position to democratize alternative and construct a crew of really superb Atlanians in each nook of the globe.

This crew retains us all going, even when our nights get longer and our challenges get harder. That’s why we’ve chosen to announce our fundraise not with a video from our buyers or clients, however with the sincere reactions from our crew once we introduced it internally. It was one in every of our favourite moments up to now, and we’re so excited to share a glimpse of what this announcement really means to us all. 

Take a look at our inside Staff Handbook to study extra concerning the values, ideas, and practices that energy our dream crew.

Dreaming with our eyes broad open

The following decade is the last decade of data-driven groups and firms — ones that don’t simply use information, however combine it into each side of their every day work. Nonetheless, these groups will solely achieve success in the event that they discover a solution to collaborate successfully throughout in the present day’s chaotic information silos and data gaps. When the various “people of knowledge” lastly grow to be an actual crew. 

At Atlan, our dream is to be the place the place these superb groups reside and work collectively higher — the place their tech empowers them to do greater than they ever imagined, reasonably than holding them again from their targets.

When a brand new Atlanian joins the crew, they jot down their desires for the longer term in a ritual that we name the “Dream Wall”. Whereas a few of our desires are foolish like our hope for a seashore retreat, most of our desires are concerning the superb groups that we need to empower — the info groups that shall be behind revolutionary human achievements within the subsequent decade like self-driving automobiles, individuals on Mars, a treatment for most cancers, and way more. 

Whereas there’s an extended solution to go, we get up each morning with the conclusion and pleasure that now we have an actual shot. An sincere, actual shot at making these desires a actuality. And we’re giving it our all.

—Prukalpa & Varun

Atlan Series B - Dream Wall
Our Dream Wall

We’re all the time in search of dreamers who consider within the energy of data-driven groups. If this sounds such as you, take a look at our open positions.

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