Tredence, Inc., a San Jose, Calif.-based provider of analytics services and solutions, secured $30M in funding.
Chicago Pacific Founders (CPF), a private equity firm specializing in investing in growth companies within healthcare services and care for aging populations, made the investment.
The additional capital also will support the company’s organic growth in areas such as last mile adoption, and further fuel innovation and expansion. Tredence’s expansion plan includes broadening its geographic footprint and increasing its existing presence in industry verticals like retail, CPG, industrials, technology and telecommunications.
Led by Shub Bhowmick, Chief Executive Officer, Tredence focuses on last mile delivery of insights into actions by uniting its strengths in business analytics, data science, and software engineering. The largest companies across industries are engaging with the company’s solutions and deploying its prediction and optimization solutions at scale. The company, which serves clients in US, Canada, Europe, Australia, and SE Asia, opened two new offices in India last month.
The additional capital will also enable Tredence to expand into Europe and China.