Palo Alto – November 4, 2022 – Cooley advised Sanabil, a financial investment company, on its co-lead investment in enterprise data intelligence leader Alation’s $123 million Series E financing round. Lawyers Josh Seidenfeld and Daniel Lee led the Cooley team advising Sanabil.
Thoma Bravo and Costanoa Ventures co-led the round, with participation from new investor Databricks Ventures. The total funding raised stands at $340 million, elevating Alation’s current valuation to more than $1.7 billion amid the volatile, late-stage, software as a service growth equity market.
Since its inception in 2009, Sanabil has committed approximately $2 billion in capital per year to private investments that include venture capital, growth and small buyouts.
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