Acceldata Secures $50M Series C Funding to Expand Data Observability Platform
Acceldata, a Campbell, CA-based company specializing in data observability, has secured $50 million in Series C funding. The round was led by March Capital, with participation from Sanabil Investments, Industry Ventures, and existing investors including Insight Partners.
Acceldata's CEO and Co-founder, Rohit Choudhary, emphasized the need for purpose-built observability solutions to manage modern data ecosystems effectively. The company's recent customer wins in 2022 included major telcos in the U.S., along with leading mortgage and insurance providers, all operating petabyte-scale data lakes and warehouses.
With the new funding, Acceldata plans to expand its reach into the Global 2000 and strengthen partnerships with key players like Snowflake and Databricks. The company aims to accelerate innovation and broaden its go-to-market efforts for its Data Observability Platform. Additionally, Acceldata will enhance its integrations with cloud service providers and ISVs, and increase awareness around data observability as a critical enterprise investment area.
Acceldata's $50 million Series C funding will support the company's growth and expansion. With a strong focus on data observability and a robust customer base, Acceldata is well-positioned to drive innovation in the data management landscape.
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