Sequoia co-leads $50m round of collaborative workspace firm

Singapore-headquartered Atlan, a workspace platform for collaboration between data and tech teams, has raised US$50 in a series B round led by Salesforce Ventures, Insight Partners, and Sequoia Capital India.

The latest investment bumps Atlan’s value to US$450 million.

Atlan team / Photo credit: Atlan

Atlan makes working with data easier by providing a virtual hub for assets. It enables teams to create a single source for all data assets and collaborate through tools like Slack, Snowflake, Redshift, Looker, Sisense, and Tableau.

The company was founded by Prukalpa Sankar and Varun Banka in 2018. Atlan will use the fresh funds to expand its teams to boost product development while eyeing investments. It is also eyeing an employee share option plan buyback worth US$1.5 million.

See also: Is JustCo Southeast Asia’s co-working unicorn?

Atlan said it has 100 employees across 12 locations including India, Singapore, and the Philippines in Asia.

In May 2021, the company raised US$16 million in its Series A raise to invest “heavily” into growing its product and engineering team in India. The round was led by Insight Partners, with existing investors Sequoia Capital India’s Surge and Waterbridge Ventures taking part.