Tredence, a San Jose, CA-based data science and AI solutions company, announced that it raised $175 million in Series B funding from Advent International.
The funding round will be used to accelerate data-fueled growth and AI value realization for industries. Advent is one of the largest and most experienced global private equity investors.
“We are thrilled to welcome Advent as a partner to Tredence,” said Tredence CEO Shub Bhowmick. “Advent’s global reach, deep sector expertise, and vast experience in scaling businesses like ours through organic and inorganic growth will be invaluable to us as we look to drive continued business innovation. Tredence was founded to help clients solve some of the most complex challenges across industries through pragmatic innovation and continuous experimentation. CPF has been a value-added partner over the last few years, and we are excited to be joined by Advent on this journey.”
In 2021, the company devised a vertical AI go-to-market strategy that combines deep data science expertise with business context to solve daunting industry problems. The company's vertical AI strategy will focus on ATOM.AI, an integrated accelerator ecosystem that guides enterprises from design to experience to value.
As a part of the transaction, Advent will be joining the Tredence board.
Company: Tredence Analytics Solutions Pvt. Ltd.
Raised: $175.0M
Round: Series B
Funding Month: December 2022
Lead Investors: Advent International
Additional Investors:
Company Website: https://www.tredence.com/
Software Category: Data Science Solutions
About the Company: Founded in 2013 by Shub Bhowmick, Sumit Mehra, and Shashank Dubey, Tredence is a global data science solutions provider focused on solving the last-mile problem in AI. Tredence aims to bridge the gap between insight delivery and value realization, providing customers with a differentiated approach to data and analytics through tailor-made solutions. Headquartered in San Jose, the company embraces a vertical-first approach and an outcome-driven mindset to help clients win and accelerate value realization from their analytics investments. The company has 1,800-plus employees, with offices in San Jose, Foster City, Chicago, London, Toronto, and Bangalore and serving 30+ Fortune 500 companies in retail, CPG, hi-tech, telecom, travel, and industrials as clients.
Source: https://www.globenewswire.com/news-release/2022/12/23/2578961/0/en/Tredence-Raises-175-Mn-in-Series-B-Funding-from-Advent-International.html