Data and metadata management company Alation draws $1.7 bln valuation in funding round

Alation Inc. said Wednesday it closed a $123 million round of Series E financing that values the Redwood City, Calif., data management company at $1.7 billion. Thoma Bravo, Sanabil Investments and Costanoa Ventures led the round, with participation from new investor Databricks Ventures as well as existing and other investors such as Dell Technologies Capital DELL, -0.45%, Hewlett Packard Enterprise HPE, -0.17%, Icon Ventures, Queensland Investment Corp., Riverwood Capital, Salesforce Ventures CRM, -3.82%, Sapphire Ventures, and Union Grove.