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Company pair · Software
VS

Alation vs Icertis: Valuation, Funding, Trajectory

Software Both private US-headquartered No Canborsa market

Alation and Icertis are often weighed against each other in software.

On this pageSide by sideValuation marksWhat each disclosesVerdictFAQ
AlationPRIVATE · US
IcertisPRIVATE · US
VS
Last valuation$1.7B$2.8B
Basis Post-money Post-money
As ofNov 2022Mar 2021
Founded20122009
Employees≈700≈1,700
On CanborsaNo marketNo market
At a glance
$1.7B
AlationPost-money, Series E · Nov 2022
$2.8B
IcertisPost-money, Series F · Mar 2021
1.65×
GapBoth post-money, 20 months apart
0 of 2
On CanborsaNeither company has a market
VS
Head-to-head · field by field

Alation vs Icertis — side by side

Field
AlationPRIVATE · FOUNDED 2012
IcertisPRIVATE · FOUNDED 2009
VS
Last valuation
$1.7B Post-money
$2.8B Post-money
Valuation date
1 Nov 2022
11 Mar 2021
Valuation basis
Post-money
Post-money
Latest round
Series E
Series F
Round size
$123M
$80M
Named investors
Costanoa Ventures Data Collective Riverwood Capital Sanabil Investments
Founded
2012
2009
Employees (est.)
≈700
≈1,700
Sector & HQ
Computer software (enterprise data catalog) · 🇺🇸 US
Software (SAAS contract lifecycle management) · 🇺🇸 US
Status & market
Private — no Canborsa market
Private — no Canborsa market
Valuation · both companies on one scale

Valuation marks

Each bar is the last disclosed mark — $1.7B for Alation (post-money, Nov 2022) and $2.8B for Icertis (post-money, Mar 2021).

Alation
$1.7BPost-money · Nov 2022
Icertis
$2.8BPost-money · Mar 2021
ALATION · $1.7B · NOV 2022ICERTIS · $2.8B · MAR 2021
Alation vs Icertis · what each company discloses

What each company discloses, and what it leaves out

AlationPRIVATESoftware · US · 2012
+Last disclosed mark $1.7B — post-money, Nov 2022.
+Founded 2012 .
+≈700 employees.
+Latest round: Series E, $123M raised, led by Thoma Bravo.
IcertisPRIVATESoftware · US · 2009
+Last disclosed mark $2.8B — post-money, Mar 2021.
+Founded 2009 .
+≈1,700 employees.
+Latest round: Series F, $80M raised.
Verdict

Verdict

The $1.7B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$123M, led by Thoma Bravo in Nov 2022.
A dated print: it moves only when a newer round is announced.
The $2.8B tells you…
What an investor paid for newly issued shares — a primary round, priced post-money.
How much capital arrived with it:$80Min Mar 2021.
A dated print: it moves only when a newer round is announced.

Both marks are post-money, so 1.65× compares like with like. Both are private: there is no public quote and no Canborsa market on either name.

Frequently asked questions

What sector is Alation in compared to Icertis?›

Alation operates in Computer software (enterprise data catalog), and Icertis operates in Software (SaaS contract lifecycle management).

Which is worth more, Alation or Icertis?›

Alation is valued at $1.7B, and Icertis at $2.8B.

When did Alation and Icertis last raise funding?›

Alation raised $123M through its Series E round in November 2022, while Icertis raised $80M through its Series F round in March 2021.

Which is bigger by headcount, Alation or Icertis?›

Alation has about 700 employees, and Icertis has about 1,700.

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