US-based information management technology startup Alation secured $9m in series A funding yesterday from investors including Bloomberg Beta, the early-stage fund owned by media company Bloomberg.
Venture firms Costanoa Venture Capital and Data Collective Venture Capital led the round, with participation from Andreessen Horowitz and General Catalyst Partners. Alation is also backed by individual investors Dave Kellogg, Steve Papa and Naval Ravikant.
Founded in 2012 by ex-employees of Google, Apple and Oracle, Alation has developed a platform that makes data more accessible to individuals across an organisation.
The funding will be used to develop the company’s product, and to expand sales and marketing. It also plans to hire teams of consultants, data scientists and business analysts to scale up the business.