California startup Acceldata raises $35M in Series B round
- ByAyushi Ray | September 30, 2021
California startup Acceldata raises $35M in Series B round. Acceldeta is an enterprise data observability cloud startup. The startup will utilise one-third of the fund towards research and development and building cutting-edge products in the data observability space. Besides expanding its engineering team in Bengaluru from 90 to 220 by the end of 2022, it aims to expand 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 by Rohit Choudhary, Ashwin Rajeeva, Gaurav Nagar, and Raghu Mitra Kandikonda in 2018, the startup’s data observability cloud helps businesses simplify complex data operations, expand data usage, and meet growing business requirements.
Speaking on 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.” The Palo Alto, CA-based startup raised its Series A round led by Sorenson Ventures in October last year. it claims to have tripled its revenue from 2019 to 2020 and has onboarded 2000 new global clients across eight countries, including Oracle, PubMatic, and True Digital.
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