AI solution company, Tredence raises $175 Mn in Series B funding

• ByStartupStory     |    December 23, 2022

Tredence, a global data science and AI (artificial intelligence) solutions company, has raised $175 million in a Series B funding round from Advent International, a global private equity investor.

The funds raised in this round will be used to help Tredence accelerate data-driven growth and AI value realization for industries. As part of the agreement, Advent will acquire a minority stake in Tredence and join the startup’s board of directors.

“Tredence was founded to help clients solve some of the most complex challenges across industries through pragmatic innovation and continuous experimentation,” said Tredence CEO Bhowmick.

Tredence is a global provider of data science solutions focused on solving the last mile problem in AI. The ‘last mile’ is the gap between insight and value realization. Through tailored solutions, it offers customers a differentiated approach to data and analytics. San Jose, Foster City, Chicago, London, Toronto, and Bengaluru are among the cities where the company has offices. It has 1,800 employees and clients in retail, telecommunications, healthcare, travel, and other industries. It was founded by Shub Bhowmick, Sumit Mehra and Shashank Dubey.

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