AccelData raises $35Mn in Series B round by Insight and others
By MYBRANDBOOK
Data Observability Cloud start-up AccelData raised $35 million in series B round headed 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.
This funding will further expand its capabilities across data quality, data pipeline monitoring, and system infrastructure to enable enterprises to achieve operational excellence, innovation agility, and higher returns on their data initiatives.
Founded in 2018, AccelData offers observability over data quality, data pipelines and system infrastructure in real-time with the help of its AI and machine learning algorithms providing its customers like PhonePe (Walmart), Oracle, True Corporation, and PubMatic banish data complexity, scale data usage, and improve business outcomes.
In light of the development, Co-founder and CEO Rohit said, "Most companies don't have the expertise and resources to effectively manage their enterprise data systems, and this investment from leading enterprise software VCs validates our vision.”
George Mathew, Managing Director of Insight Partners, said, "AccelData is unique because it handles data at rest and data in motion through the entire data pipeline with an enterprise architecture - data source, infrastructure, and cloud provider-agnostic."
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