Riverwood Capital led a $110m Series C round in Alation.

Private equity firm Riverwood Capital led a $110m Series C round in Alation, a software solutions provider. Additional investors include Sanabil Investments, Snowflake Ventures, Costanoa Ventures, Dell Technologies Capital, Icon Ventures, Salesforce Ventures, Sapphire Ventures, and Union Grove Partners. The capital will help Alation meet increasing global demand for its data intelligence platform, which is emerging as the most critical technology investment to enable the modern, data-driven enterprise. Beyond accelerating go-to-market, the financing will also fund innovation in the form of new products and capabilities, furthering the company’s position as the leader in the data intelligence market. “With the support of this investment group led by Riverwood, I could not be more thrilled with the opportunities this capital unlocks. We’ll be able to go faster. This is what our customers like Blackstone, Dell, and Salesforce want. This is what our partners like Snowflake, Tableau, and Capgemini want," Satyen Sangani, Alation Co-Founder and CEO.