Acceldata, a Palo Alto, CA-based enterprise Data Observability Cloud provider, raised $35m in Series B funding.
The round was led by global venture capital and private equity firm Insight Partners with participation from new investor March Capital and existing investors Lightspeed, Sorenson Ventures, and Emergent Ventures.
The company intends to use the funds to further expand its capabilities across data quality, data pipeline monitoring, and system infrastructure.
Led by Rohit Choudhary, CEO and Co-Founder, and Ashwin Rajeeva, Co-Founder and CTO, Acceldata provides products that offer observability across data quality, data pipelines and system infrastructure, in real-time, using AI and machine learning algorithms. This helps customers, like PhonePe (Walmart), Oracle, True Corporation, and PubMatic eliminate data complexity, scale data usage, and generate improved business outcomes. Although large organizations invest in data and the related infrastructure to acquire, move, store, and process data, they face challenges in realizing the full potential of the data they collect. Acceldata operates as one integrated data observability solution, setting it apart from competitors.
The company now has customers in eight countries and more than 100 employees across the world.
FinSMEs
29/09/2021