Altana
Altana Raises $200M in Series C
Quick Facts
Altana Raises $200M in Series C
Altana has successfully raised $200M in a Series C at a $1B valuation led by Thomas Tull's US Innovative Technology Fund.
Company Overview
Altana is a Enterprise Software company headquartered in New York, NY, founded in 2018 with 200+ employees.
Empowers governments and enterprises with intelligent supply chain mapping and analytics
Fundraising Details
- Amount Raised: $200M
- Round Type: Series C
- Valuation: $1B
- Date: 2024-07-22
- Investors: Thomas Tull's US Innovative Technology Fund
About Altana
Empowers governments and enterprises with intelligent supply chain mapping and analytics The company is positioned in the Enterprise Software sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: New York, NY
- Founded: 2018
- Team Size: 200+
- Industry: Enterprise Software
What This Means
This funding round demonstrates strong investor confidence in Altana's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Enterprise Software sector continues to attract significant investment as companies innovate to meet evolving market demands. Altana's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $1B valuation marks an important milestone for Altana, positioning the company among notable players in the Enterprise Software industry.
Looking Ahead
With this new capital, Altana is well-positioned to execute on its growth strategy and continue building innovative solutions in the Enterprise Software space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
This fundraising news was reported on 2024-07-22. For more information about Altana, visit their headquarters at New York, NY.
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