Alation
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| Company type | Private |
|---|---|
| Industry | Computer software |
| Founded | 2012 |
| Founder | Satyen Sangani, Aaron Kalb, Feng Niu, and Venky Ganti |
| Headquarters | |
Key people | Satyen Sangani (CEO and co-founder) Aaron Kalb (Chief Data & Analytics Officer and co-founder) |
Number of employees | >700 |
| Website | www |
Alation is an enterprise software company based in Silicon Valley.
Alation Data Catalog, serves enterprises in organizing and consolidating their data. Alation launched its first product in 2015 to give data consumers an easy way to search for enterprise data with natural language.[1]
History
[edit]Alation was founded in 2012 by Satyen Sangani, Aaron Kalb, Feng Nui, and Venky Ganti.[2] Alation grew out of different ideas aimed at solving the same question: How do you connect workers with questions to colleagues with answers?[3]
Alation co-founders Satyen Sangani and Aaron Kalb arrived at the solution from two different perspectives. Sangani had a background in economics and had worked as an executive at Oracle.[4] He knew data users in large companies struggled to find and trust data; he theorized that machine learning could be used to help them. Kalb had experience in symbolic systems and had worked on Siri at Apple.[5][6] He thought crowdsourcing could be used to solve the challenge. In 2012, the team combined those two ideas to create Alation.
Its first solution, a data querying system powered by natural language processing, helped define the modern data catalog.[7][8] The tool was designed to catalog data in an organization and make that data more accessible to more people.[9] This concept is generally termed data democratization.[10][11]
As the company improved the solution, it eased the building of complex queries with collaboration features, enabled data catalog efforts, and integrated with different data and related technology products, such as Snowflake, Tableau, Databricks, and others.[12][13][14][15]
As of early 2021, the company had more than 250 customers,[16][17] including AbbVie, American Family Insurance, Autozone, Cisco, Exelon, Finnair, Munich Re, New Balance, Pfizer, Scandinavian Airlines, and U.S. Foods.[18][19] By October 2021, the company had increased that number to around 300 customers,[20] adding GE Aviation, NASDAQ, and Regeneron, among others.[21]
In October 2021, Alation acquired Lyngo Analytics, a data insights company which develops software to help users find insights by asking questions in simple business terms. The acquisition is intended to deepen Alation’s ability to convert natural language questions from non-technical users into SQL queries.
In January 2022, Alation launched the “Data Radicals” podcast[22] hosted by the company’s CEO and co-founder, Satyen Sangani. The show is designed to help business, data, and technology enthusiasts use data in powerful ways. Guests have included Stan McChrystal, retired U.S. Army General and former commander of Joint Special Operations Command in Iraq; Wendy Turner-Williams, Chief Data Officer, Tableau; Amir Efrati, co-founder and executive editor, The Information; David Epstein, TED-talker and bestselling author of “RANGE” and “The Sports Gene;” Bob Seiner, president and principal, KIK Consulting; Jennifer Belissent, principal data strategist, Snowflake; Paola Saibene, former CTO for the State of Hawaii; Cole Nussbaumer Knaflic, founder and CEO, storytelling with data; and Caroline Carruthers, CEO of Carruthers and Jackson and co-author of “The Chief Data Officer’s Playbook.”[23]
In September 2022, Alation announced that it had achieved $100 million of annual recurring revenue (ARR).
Funding
[edit]In early March 2015, the company announced it had raised $9 million in a Series A round led by Costanoa Ventures and Data Collective.[24] Later that month, it emerged from “stealth mode” to launch its data catalog product.[25][26]
In June 2021, Alation announced it had raised a series D funding round of $110 million, led by Riverwood Capital, with participation from Sanabil Investments and Snowflake Ventures, as well as existing investors Costanoa Ventures, Dell Technologies Capital, Salesforce Ventures, and Sapphire Ventures.[27][28] This latest investment round valued the company at $1.2 billion, making it an industry unicorn.[29]
In November 2022, Alation announced it has raised $123 million in a Series E financing led by Thoma Bravo, Sanabil Investments, and Costanoa Ventures, with participation from new investor, Databricks Ventures. Existing and other investors that also participated include Dell Technologies Capital, Hewlett Packard Enterprise (HPE), Icon Ventures, Queensland Investment Corporation, Riverwood Capital, Salesforce Ventures, Sapphire Ventures, and Union Grove.[30]
Alation has raised a total of $340 million and, as of its Series E funding, has a valuation of more than $1.7 billion.[31]
Operations
[edit]Alation is headquartered in Redwood City, CA. The company also has offices in London, U.K. and Chennai, India, and a presence in over 25 countries.[32] As of November 2022, the company had over 700 global employees, an increase of 75% in less than 12 months.
References
[edit]- ^ "Alation launches data query system based on natural language processing". March 31, 2015.
- ^ "The Weekly Notable Startup Funding Report: 6/7/21". June 7, 2021.
- ^ Preimesberger, Chris (April 4, 2015). "Newcomer Alation Connects Dots on All Data Inside Enterprise". eWEEK.
- ^ "Forbes Councils - Satyen Sangani".
- ^ "This founder helped design Apple's Siri. Now he's building a similar AI tool that could answer people's most pressing questions on COVID-19". Business Insider.
- ^ "How Alation builds on data catalog for data intelligence". January 6, 2021.
- ^ "Alation Adds $110M to Its Catalog". June 3, 2021.
- ^ "Alation launches data query system based on natural language processing". March 31, 2015.
- ^ "Alation, a stealthy information-management startup, gets $9M". 4 March 2015.
- ^ "The Growing Importance of Data Democratization". 27 December 2019.
- ^ Marr, Bernard (July 24, 2017). "What Is Data Democratization? A Super Simple Explanation And The Key Pros And Cons". Forbes.
- ^ "Databricks unifies data science and engineering with a federated data mesh". 27 May 2021.
- ^ "Databricks Unveils Data Sharing, ETL, and Governance Solutions". May 26, 2021.
- ^ "Where is Snowflake going?". ZDNet.
- ^ "Alation adds cloud storage access from hybrid environments". ZDNet.
- ^ "Le data catalog, bientôt un livre ouvert pour les métiers".
- ^ "Data Catalogs Evolve into Data Intelligence Platforms". 12 October 2020.
- ^ "Dude, Where's My Database? And Other GDPR Questions". April 25, 2018.
- ^ "Top 25 Machine Learning Startups To Watch In 2021 Based On Crunchbase". Forbes.
- ^ Savvas, Antony (March 17, 2022). "Alation expands its channel in EMEA".
- ^ Avidon, Eric (January 25, 2022). "Data access key to Regeneron's innovation efforts".
- ^ Editorial Team (January 22, 2022). "Podcast Highlights: Data Radicals".
- ^ "Apple Podcasts Preview: Data Radicals".
- ^ "Alation, a stealthy information-management startup, gets $9M". March 4, 2015.
- ^ "In a haystack of data, Alation helps find the needle". March 31, 2015.
- ^ "Alation launches data query system based on natural language processing". March 31, 2015.
- ^ "Snowflake, Dell and Salesforce back $110M round for data catalog unicorn Alation". June 3, 2021.
- ^ Roof, Katie (June 3, 2021). "Snowflake-Backed Data Startup Alation Valued at $1.2 Billion". Bloomberg News.
- ^ "Alation Adds $110M to Its Catalog". June 3, 2021.
- ^ Dabrinze, Victor (November 2, 2022). "Alation raises $123M Series E financing to innovate data intelligence products 'more aggressively'". SiliconANGLE. Retrieved November 8, 2022.
- ^ Wiggers, Kyle (November 2, 2022). "Alation bags $123M at a $1.7B valuation for its data-cataloging software". TechCrunch. Retrieved November 8, 2022.
- ^ "Alation Overview".