Atolio, a private AI-powered platform for enterprise search, has raised $24 million in a Series A funding round led by Translink Capital, with participation from IBM Ventures, Bloomberg Beta, Acorn Pacific Ventures, and Parameter Ventures. This milestone follows Atolio’s success in securing multiple seven-figure contracts, reinforcing its leadership in connecting siloed enterprise data securely.
Atolio raises $24M in Series A led by Translink Capital.
Funds to accelerate product development and team expansion.
AI-powered platform ensures secure, on-premises data search.
Secured multiple seven-figure contracts in the last three quarters.
Trusted by enterprises like Cengage for productivity gains.
Addresses rising demand for secure enterprise search solutions.
Founded in 2019, Atolio has deployed its fully-private enterprise search solution to leading organizations, enabling secure access to siloed information. “We are excited to build on our leadership as the safe and secure way that enterprises connect siloed systems of information,” said David Lanstein, co-founder and CEO of Atolio. The platform’s ability to streamline data access has driven significant productivity gains, as evidenced by Cengage’s adoption to enhance sales and marketing efficiency.
Atolio’s platform stands out for its on-premises and private cloud deployment, addressing critical data security needs. “Atolio stands out as the only AI-powered enterprise search engine that guarantees your data stays protected in your preferred environment,” said Jackie Yang, General Partner at Translink Capital. This focus on security has attracted major financial institutions and other enterprises seeking robust, AI-driven search solutions.
The $24 million Series A funding will fuel Atolio’s product development, organizational growth, and operational scaling. “IBM’s investment in Atolio underscores our commitment to solving a critical challenge that enterprises are facing today: unlocking and connecting knowledge across complex, siloed organizations,” said Emily Fontaine, Global Head of Venture Capital at IBM. The capital will support Atolio’s mission to transform how businesses leverage their knowledge for better operations.
Atolio’s impact is evident in its adoption by enterprises like Cengage, where CEO Michael Hansen noted, “We are investing in automation to drive internal efficiencies like an AI-powered search with products such as Atolio to improve the availability of product and customer information to Sales and Marketing teams.” With growing demand for secure, AI-powered enterprise search, Atolio is poised to redefine how organizations access and utilize their data.
Atolio is the way enterprises safely and securely deploy enterprise search across siloes of information. Founded in 2019, the mission of Atolio is to unlock all of the value that’s trapped in companies’ knowledge to help them run better businesses. To learn more, visit atolio.com.
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