Tredence, a San Jose, CA-based Data Science and AI Solutions company, raised $175M in Series B funding.
The investment was led by Advent International, who will acquire a minority stake. The existing investor Chicago Pacific Founders will continue to be a meaningful shareholder in Tredence.
The company intends to use the funds to expand its business reach.
Founded in 2013 by Shub Bhowmick, Sumit Mehra, and Shashank Dubey, Tredence is a global data science solutions provider focused on solving the last mile problem in AI. The ‘last mile’ is the gap between insight creation and value realization. The company helps clients win and accelerate value realization from their analytics investments. Tredence has 1,800-plus employees with offices in San Jose, Foster City, Chicago, London, Toronto, and Bangalore, with the largest companies in retail, CPG, hi-tech, telecom, healthcare, travel, and industrials as clients.
FinSMEs
09/01/2023