AccelData raises $35Mn in Series B round by Insight and others
Data Observability Cloud start-up AccelData raised $35 million in series B round headed by global venture capital and private equity firm Insight Partners with participation from new investor March Capital and existing investors Lightspeed, Sorenson Ventures, and Emergent Ventures.
This funding will further expand its 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 in 2018, AccelData offers observability over data quality, data pipelines and system infrastructure in real-time with the help of its AI and machine learning algorithms providing its customers like PhonePe (Walmart), Oracle, True Corporation, and PubMatic banish data complexity, scale data usage, and improve business outcomes.
In light of 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."
Truecaller to help GoKwik with instant verification of customers
In a bid to provide a seamless shopping experience and reduce returns for e-commerce and d...
Happiest Minds Technologies announces the launch of end-to-end Security Services for Healthcare
Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a ‘Born Digital . Born Agile&...
LTI together with Saviynt to deliver Intelligent Identity Solutions to enterprises globally
Larsen & Toubro Infotech (LTI) has partnered with Saviynt. The partnership combines Sa...
Crayon Software Experts India hosts Crayon Connect CIO Event 2022
Crayon Software Experts India has organized their flagship customer event, the Crayon Conn...
BPE Celebrates 22 years of Trust, Leadership & Success
Best Power Equipments (BPE) celebrated its 22nd anniversary on Saturday, 23 July 2022, at...
India Mobile Congress declares the schedule for 6th edition of the IMC
Hon’ble Minister of Communications, Electronics & Information Technology and Rai...
Neo4j hosts its Graph Data Summit in Bangalore
Neo4j hosted its first ever Graph Summit on July 21 2022 at Ritz Carlton, Bangalore. With...