CData, which helps orgs use data across apps and build AI models, snaps up $350M
How much growth capital did CData recently raise?
CData recently raised $350 million in growth capital. This round of funding gives the company a valuation of over $800 million. The investment will be used to expand CData's cloud capabilities and to hire additional talent across the organization to continue broadening its global presence.
What does CData specialize in providing?
CData specializes in providing data connectivity solutions for real-time access to on-line or on-premise applications, databases, and Web APIs6. Their platform offers over 270 connectors and partnerships with companies like Google, Salesforce, and Informatica to help businesses streamline data connectivity, eliminate data silos, and facilitate effective collaboration4.
What is CData's post-money valuation after the latest funding?
CData's post-money valuation after the latest funding round is over $800 million. The company raised $350 million in growth capital from Warburg Pincus, with participation from Accel.