Alation scores $123 million to help customers get a handle on their data - Silicon Valley Business Journal

A little over a month after passing $100 million in annual recurring revenue, data cataloging unicorn Alation Inc. has raised $123 million in new funding and boosted its valuation to $1.7 billion.

Alation's software helps its customers — who include Cisco Systems Inc., Salesforce.com Inc. and Nasdaq — catalog and organize their data. It offers ways for them to search what they have collected as well as manage and analyze it. The data integration and intelligence software market is valued at more than $7.9 billion and is projected to grow to $11.6 billion over the next four years,One of the three leaders of the Series E financing was private equity firm Thoma Bravo, which Sangani said he is particularly happy about."They are a partner that has been very thoughtful about how to scale a company," he said.

But that doesn't mean spending freely, he said. Including the money raised in the new round, Sangami says Alation still has more than half of the total of $340 it has raised in the bank.

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