AI startup Atlan raises $105 million in funding at $750 million valuation [Reuters]
News Corporation - Class B (NWS)
US:NASDAQ Investor Relations:
investors.newscorp.com/investor-relations
Company Research
Source: Reuters
May 8 - Atlan said on Wednesday it had raised $105 million in a funding round led by Singapore's sovereign wealth fund GIC and tech investor Meritech Capital that valued the artificial intelligence startup at $750 million. WHY IT'S IMPORTANT Top technology companies are racing to build AI into their products and services. Startups catering to the surge in demand for AI chips and learning have been a bright spot in an otherwise subdued private funding market. Data is the building block of the AI revolution which has taken Wall Street by storm. Generative AI aims to make human-like creations through computer code that has processed vast amounts of data. CONTEXT Atlan, which has raised more than $206 million following the latest series C round, operates an eponymous data stack that brings together diverse data from internal and external sources to one interface. Its customers include software firm Autodesk , luxury retailer Ralph Lauren , exchange operator Nasdaq and Rupert
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