Acceldata announces $50 million in Series C Funding to expand market leadership

Hyderabad: Acceldata has raised $50 million in Series C funding. The latest round of funding was led by March Capital, with additional investment from Sanabil Investments, Industry Ventures, and existing investors, Insight Partners, according to press release.

Acceldata has raised nearly $100 million in funding from top tier VCs including Lightspeed, Sorenson Ventures, and Emergent Ventures since its inception. The round will be used for accelerating innovation and expanding go-to-market efforts for its Data Observability Platform, the release said.

“Enterprises face an unprecedented challenge to satisfy business demands for data at scale,” said Rajan Mehra, Partner at March Capital. “Acceldata is leading the charge for the data observability industry, giving operational control back to the data teams with meaningful insights and we’re very excited to join them along this ride.”

Acceldata is utilizing this investment to further expand its footprint into the Global 2000, while supporting the company’s existing partnerships with Snowflake, Databricks and the leading data and analytics services providers including Wipro and others. Acceldata is expanding its integrations with cloud service providers and ISVs, and continues to increase awareness of data observability as a must-have enterprise investment area.

Acceldata's solutions have been embraced by global customers, such as Dun & Bradstreet, Verisk, Oracle, PubMatic, PhonePe (Walmart), DBS, and many more.