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Snowflake, Dell and Salesforce back $110M round for data catalog unicorn Alation
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Data management unicorn Alation Inc. has raised a $110 million funding round, announced this morning, from a group of high-profile investors led by Riverwood Capital.
Riverwood Capital was joined in the Series D round by the startup investment arms of cloud-based data warehouse maker Snowflake Inc., Dell Technologies Inc., and Salesforce.com Inc., which is also an Alation customer. A number of other institutional investors participated as well.
Alation provides a so-called data catalog that enables a company’s business analysts to access information from different systems in one place. The platform saves them time by removing the need to find the systems containing the information that they require for data projects manually. The result, according to Alation, is that analysts can start crunching data faster and thereby reduce the overall duration of projects.