CData Software, a Chapel Hill, NC-based provider of data connectivity solutions, received approx. $350M in Growth funding.
The round was led by Warburg Pincus, with participation from Accel. Updata Partners, the sole investor in CData’s Series A in 2020 and Series B in 2021, will remain an investor.
The company intends to use the funds to continue to invest in operations, product development, and go-to-market strategy.
Led by CEO Amit Sharma, CData Software is a provider of data access and connectivity solutions. Its self-service data products and connectivity solutions provide universal access to live data from hundreds of popular on-premises and cloud applications. Over 7,000 organizations, including Office Depot, Holiday Inn, and FedEx, use it to solve data connectivity challenges. Hundreds of major data management providers and independent software vendors (ISVs), including Google, Salesforce, and Informatica also embed CData technologies into their platforms to support their customers’ rapidly expanding data integration needs.
FinSMEs
26/06/2024