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Funding
CData Software raises USD 350 million in equity funding to enhance product development and business operations
Data Infrastructure & Analytics
Jun 26, 2024
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Data Infrastructure & Analytics

Data Infrastructure & Analytics

Jun 26, 2024

CData Software raises USD 350 million in equity funding to enhance product development and business operations

Funding

  • CData Software, a leading provider of data connectivity solutions, raised USD 350 million in an equity funding round led by Warburg Pincus, with participation from Accel and existing investor Updata Partners. This brings CData's valuation to over USD 800 million.

  • The funding will allow CData to accelerate investments in innovative data integration solutions, operations, product development, and go-to-market strategy to support customers' modern data initiatives and AI/ML strategies.

  • CData provides self-service data products and connectivity solutions that enable access to real-time data from both on-premises and cloud applications. With over 7,000 organizations as clients, including Salesforce, Office Depot, and FedEx, CData is growing at over 40% YoY and expects to reach around USD 100 million in annual recurring revenue by the end of 2024.

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