Foley & Lardner represented Riverwood Capital as the lead investor in the $110 million Series D funding in Alation Inc., a market leader in enterprise data intelligence. With this new round of investment, Alation is now valued at $1.2 billion.
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. In addition, Alation is expanding into new geographies, verticals and product areas.
The Foley deal team was led by partner Louis Lehot and included partners Nicole Hatcher and Brandee Diamond, supported by Foley partners Kamran Mirrafati, Casey Knapp, Raj Tanden and Shabbi Khan, special counsel Catherine Zhu, and associate Ethan Floyd.