How Much Did AtScale Raise? Funding & Key Investors

AtScale has successfully raised funding over 6 rounds, with the latest investment coming from Snowflake Ventures and Wells Fargo. The company offers a universal semantic layer platform that connects business users and AI agents to live cloud data, enabling fast, governed analytics and decision-making without moving or duplicating data.

Keep reading to explore the intricacies of AtScale's fundraising journey and the investors backing this innovative platform.

What Is AtScale?

AtScale, based in San Mateo, California, operates within the industries of Analytics, Artificial Intelligence, Big Data, Internet, and Software. The company employs between 101-250 people and is recognized for its universal semantic layer platform that connects business users and AI agents to live cloud data.

Founded to address the challenges of fragmented and inconsistent data, AtScale offers a solution that enables fast, governed analytics and decision-making without moving or duplicating data. The platform integrates seamlessly with various cloud data platforms and BI tools, providing a unified and business-friendly view across the data ecosystem.

How Much Funding Has AtScale Raised?

1. Seed Round
   • Amount Raised: USD 2,000,000
   • Date: September 2013
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To develop the initial version of their universal semantic layer platform.
2. Series A
   • Amount Raised: USD 7,000,000
   • Date: June 2015
   • Lead Investors: UMC Capital
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the team and accelerate product development.
3. Series B
   • Amount Raised: USD 11,000,000
   • Date: May 2016
   • Lead Investors: Comcast Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To scale operations and enhance the platform's capabilities.
4. Series C
   • Amount Raised: USD 25,000,000
   • Date: October 2017
   • Lead Investors: Atlantic Bridge
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To modernize the Business Intelligence market and support the development of their universal semantic platform.
5. Series D
   • Amount Raised: USD 50,000,000
   • Date: December 2018
   • Lead Investors: Morgan Stanley
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further expand market reach and enhance product offerings.
6. Series Unknown
   • Amount Raised: Not publicly disclosed
   • Date: December 2025
   • Lead Investors: Snowflake Ventures
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To continue innovation and maintain leadership in the semantic layer platform market.

Total Amount Raised: USD 95,000,000. Current Valuation: Not publicly disclosed.

Key Investors

• Snowflake Ventures
  • Details: Snowflake Ventures is the investment arm of Snowflake Inc., a company specializing in data cloud services. They focus on accelerating the growth of companies that leverage Snowflake's platform.
  • Investment Focus Areas: Data cloud, analytics, data warehousing.
  • Notable Investments: Snowflake, AtScale.
• Morgan Stanley
  • Details: Morgan Stanley is a global financial services firm providing investment banking, securities, wealth management, and investment management services. They have a strong presence in the technology and financial sectors.
  • Investment Focus Areas: Financial services, technology, various other sectors.
  • Notable Investments: Uber, Facebook, AtScale.
• Atlantic Bridge
  • Details: Atlantic Bridge is a growth equity firm that invests in technology companies. They focus on scaling and growth, providing both capital and strategic support.
  • Investment Focus Areas: Technology, software, hardware.
  • Notable Investments: Movidius, Swrve, AtScale.
• Comcast Ventures
  • Details: Comcast Ventures is the venture capital affiliate of Comcast Corporation. They invest in consumer, enterprise, and frontier technology companies.
  • Investment Focus Areas: Media, entertainment, technology.
  • Notable Investments: FanDuel, AtScale.
• UMC Capital
  • Details: UMC Capital is the venture capital arm of United Microelectronics Corporation. They focus on investments in the semiconductor and related technology sectors.
  • Investment Focus Areas: Technology, semiconductors, telecommunications.
  • Notable Investments: AtScale.

What's Next for AtScale?

AtScale stands at the cusp of a significant opportunity to revolutionize the Business Intelligence (BI) landscape. By providing a universal semantic platform, the company enables enterprises to access any data, anywhere, for any employee, thus simplifying business intelligence infrastructure. This approach addresses a critical gap, as only 5% of enterprise data currently reaches decision-makers, highlighting a vast potential for growth.

Future fundraising opportunities appear promising, given the successful completion of their $25 million Series C round. As AtScale continues to expand its market presence and develop its technology, additional rounds of funding could further accelerate its growth. However, the company may face challenges such as overcoming entrenched siloed data stacks and ensuring data security and consistency in self-service BI models.

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