Deals
Snowflake-Backed Data Startup Alation Valued at $1.2 Billion
- Co. raised $110 million in new round led by Riverwood Capital
- Alation organizes data for clients including Cisco, DocuSign
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Alation Inc. has raised $110 million in a new funding round that values the enterprise data startup at $1.2 billion.
The Series D round was led by Riverwood Capital, with participation from Sanabil Investments and Snowflake Ventures, according to Satyen Sangani, co-founder and chief executive officer of Alation. Existing investors Costanoa Ventures, Dell Technologies Capital, Salesforce Ventures and Sapphire Ventures also took part in the round.