Acceldata, a Campbell, CA-based company which specializes in data observability, raised $50M in Series C funding.
The round was led by March Capital, with participation from Sanabil Investments, Industry Ventures, and existing investors, Insight Partners.
Led by CEO Rohit Choudhary, Acceldata has developed an enterprise data observability platform to help enterprises build and operate data products. Its solutions have been used by global customers, such as Dun & Bradstreet, Verisk, Oracle, PubMatic, PhonePe (Walmart), DBS, and many more.
The company intends to use the funds for accelerating innovation and expanding go-to-market efforts for its platform. Acceldata is utilizing this investment to further expand its footprint into the Global 2000, while supporting existing partnerships with Snowflake, Databricks and data and analytics services providers including Wipro and others. The company is expanding its integrations with cloud service providers and ISVs, and continues to increase awareness of data observability as a must-have enterprise investment area.
FinSMEs
07/02/2023