Atolio, the private AI-powered platform for enterprise search, announced it has closed its Series A led by Translink Capital, with participation from IBM Ventures, Bloomberg Beta, Acorn Pacific Ventures, and Parameter Ventures.
Since its founding in 2019, Atolio has deployed its fully-private solution to leading enterprises across industries, and has won multiple seven-figure contracts in the past three quarters alone. The new capital will be used to accelerate product development, grow the organization, and scale company operations.
“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. “A company’s knowledge is the work product of their people, and we exist to help our clients access and leverage the knowledge they have been accruing over many years to help them run better businesses and organizations.”
Michael Hansen, CEO at Cengage, spoke about Atolio during his earnings call in February this year: “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 and reduce the effort required to find answers to day-to-day problems. We believe these tools will significantly increase productivity of our go to market teams.”
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Jackie Yang, General Partner at Translink Capital, added: “Enterprise search is a key application where businesses can harness the power of generative AI, but protecting sensitive data remains a top priority. Organizations often require solutions that operate entirely within their own infrastructure to ensure data security. After receiving a request from a major financial institution, we sought a search platform that could be deployed on-premises or in the client’s private cloud. Atolio stands out as the only AI-powered enterprise search engine that guarantees your data stays protected in your preferred environment. We’re excited to lead Atolio’s Series A funding round, as many companies in the Translink network want to implement Atolio’s secure, AI-driven search solution.”
“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. “Atolio’s AI-powered platform is designed to deliver secure, seamless access to information, empowering enterprise teams to work smarter, faster, and with greater confidence. We look forward to supporting Atolio in their mission of transforming how businesses operate through innovation and solution-oriented services.”
Source: Businesswire