Total amount raised
$105.6 Millions
Latest funding date
10/1/2023
Location
Acceldata has successfully raised significant funding across multiple rounds, with its latest being a Series C. The company specializes in data observability solutions, ensuring the quality and reliability of data pipelines and analytics for businesses.
Keep reading to explore the intricacies of Acceldata's fundraising journey and the investors backing this innovative platform.
What Is Acceldata?
Founded in 2018, Acceldata is based in Campbell, California. The company specializes in enterprise data observability, providing solutions that ensure the quality and reliability of data pipelines and analytics.
Acceldata was founded by Ashwin Rajeeva, Gaurav Nagar, Raghu Mitra Kandikonda, and Rohit Choudhary. Their platform is designed to help businesses monitor and manage data quality, data pipelines, data infrastructure, and data costs.
With a team of 251-500 employees, Acceldata has been embraced by global customers, including Dun & Bradstreet, AT&T, and Oracle. The company's innovative solutions have made it a key player in the data observability space.
How Much Funding Has Acceldata Raised?
- Seed Round
- Amount Raised: $2.1M
- Date: October 2018
- Lead Investors: Emergent Ventures, Lightspeed India Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To develop the initial version of their data observability platform.
- Series A
- Amount Raised: $8.5M
- Date: October 2020
- Lead Investors: Sorenson Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the platform and expand the team.
- Series B
- Amount Raised: $35M
- Date: September 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance product features and accelerate market penetration.
- Series C
- Amount Raised: $50M
- Date: February 2023
- Lead Investors: March Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand product innovation and leadership in the data observability market.
- Series C Extension
- Amount Raised: $10M
- Date: October 2023
- Lead Investors: Prosperity7 Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To drive go-to-market expansion and deliver innovative observability solutions.
Total Amount Raised: $105.6M. Current Valuation: Not publicly disclosed.
Key Investors
- Insight Partners
- Details: Insight Partners is a global private equity and venture capital firm that invests in high-growth technology and software companies. They have a strong track record of helping companies scale and achieve significant growth.
- Investment Focus Areas: Technology, software, internet.
- Notable Investments: Twitter, Shopify, DocuSign.
- March Capital
- Details: March Capital is a venture capital firm that invests in innovative technology companies. They focus on companies that are transforming industries and creating new markets.
- Investment Focus Areas: Enterprise software, cybersecurity, cloud infrastructure.
- Notable Investments: CrowdStrike, ASAPP, Forter.
- Lightspeed India Partners
- Details: Lightspeed India Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends. They have a strong presence in the Indian market and support early-stage startups.
- Investment Focus Areas: Technology, consumer, enterprise.
- Notable Investments: Snap, GrubHub, AppDynamics.
- Sorenson Ventures
- Details: Sorenson Ventures is a venture capital firm that invests in early-stage enterprise software and security companies. They provide strategic support to help companies grow and succeed.
- Investment Focus Areas: Enterprise software, security, technology.
- Notable Investments: CyCognito, CloudKnox, Salt Security.
- Prosperity7 Ventures
- Details: Prosperity7 Ventures is the diversified growth fund of Aramco Ventures, focusing on transformative technologies. They aim to support companies that are driving significant technological advancements.
- Investment Focus Areas: Transformative technologies, high-growth companies, innovation.
- Notable Investments: Not publicly disclosed.
What's Next for Acceldata?
Acceldata stands at the cusp of significant growth opportunities. With the recent $10 million Series C extension, the company is poised to expand its go-to-market efforts and enhance its product offerings, particularly in AI and large language models. The data observability market is projected to grow substantially, providing a fertile ground for Acceldata to capture a larger market share.
Future fundraising seems likely as the company continues to innovate and attract more investors. However, challenges such as integrating new acquisitions and maintaining rapid growth could pose hurdles. The competitive landscape, with players like Cribl and Monte Carlo, will require Acceldata to continuously innovate to stay ahead.
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