Acceldata, a Campbell, CA-based data observability startup, has raised $10 million in an extension to its Series C funding round, bringing its total funding to over $100 million.
The investment was from new investor Prosperty7 Ventures.
Acceldata Use of Funds
The company will use the additional funding for go-to-market efforts, mergers and acquisitions, research and development (particularly in Canada, where Acceldata recently opened offices), and geographic expansion.
Founded in 2018, Acceldata provides an enterprise data observability platform to help enterprises build and operate great data products. Its platform monitors data pipelines and infrastructure, helping investigate and remediate data quality issues across an organization's entire data supply chain. The company now has over 150 customers, including Oracle, Dun & Bradstreet, and Walmart’s PhonePe. Acceldata is on a mission to empower data teams to build and operate great data products.
Company: Acceldata, Inc.
Round: Series C Extension
Funding Month: October 2023
Lead Investors: Prosperty7 Ventures
Company Website: https://www.acceldata.io/
Software Category: Monitoring Software