CData's technology offers a connectivity platform with purpose-built connectors for both replication and live data access use cases. The company has built a library of over 300 data connectors, used by more than 7000 global organizations. With the new funding, which values CData at $800 million, the company plans to increase its investments in operations, go-to-market strategy, and product development.
Key takeaways:
- CData, a company that provides data access and connectivity solutions, has raised $350 million in growth funding from Warburg Pincus and Accel.
- The company's technology helps enterprises integrate data from various sources, which is crucial for AI and analytics projects.
- Over the last decade, CData has built a library of more than 300 data connectors, used by over 7000 global organizations including Google, Salesforce, and Informatica.
- With the new funding, CData plans to increase its investments in operations, go-to-market strategy, and product development to meet the growing demand for sophisticated data integration tools driven by AI workloads.