Acceldata, a San Jose, California-based data observability platform, raised $35 million in a Series B round led by Insight Partners with participation from March Capital, Lightspeed, Sorenson Ventures, and Emergent Ventures.
The proceeds bring the company’s total raised to $46 million to date and will be used to fund development and go-to-market efforts as Acceldata expands the size of its workforce, according to CEO Rohit Choudhary.
Company: AccelData Inc
Raised: $35.0M
Round: Series B
Funding Month: September 2021
Lead Investors: Insight Partners
Additional Investors: March Capital, Lightspeed, Sorenson Ventures, and Emergent Ventures
Company Website: http://acceldata.io/
Software Category: Data observability platform
About the Company: Acceldata helps data-driven enterprises achieve excellence, innovation agility, and returns on data investment. Acceldata provides end-to-end visibility, monitoring, and automated actions at all stages of a multi-technology enterprise data pipeline. Acceldata reveals changes in data, processes, compute and provides simplified AI/ML-based insights making it simple for data workers, operations and executives to understand where their data is and how their systems are performing. The company was founded in 2018 and is based in San Jose, California.
Source: https://venturebeat.com/2021/09/28/data-observability-platform-acceldata-nabs-35m/