Data connectivity leader CData secures a ~$350M investment round
CData Software has secured approximately $350 million in funding from Warburg Pincus and Accel to accelerate its growth and innovation in data connectivity solutions, aiming to address the increasing challenges of data integration across multiple sources.
CData Software recently announced it obtained about $350 million in growth capital in an investment round led by Warburg Pincus and backed by Accel. The new funds will fuel CData's efforts to continue building innovative data integration solutions for its customers, comprising over 7,000 organizations, including major companies such as Office Depot and FedEx. Moreover, CData's technologies are also embedded in the platforms of data management and software vendor providers, including industry leaders Google, Salesforce, and Informatica.
This funding round reflects the confidence of CData's investors in the company's operating model, which has been profitable since the company's beginnings. Cdata has also gained momentum with its strategic partnerships, acquisitions, and product innovations. The recent acquisition of Data Virtuality is one of CData's most notable successes, expanding the company's presence in the data virtualization market, and empowering customers to handle real-time access to sizeable volumes of data through a unified enterprise data integration and virtualization platform.
Additionally, CData is the only data management vendor delivering a bi-modal integration stack that allows live data access and replicated data movement in a single connectivity platform. CData's flexible approach is ideal for enterprises looking to process and share data across different sources, and especially across sources requiring different integration methods. The trust of CData's investors in the company's operation model is reflected by its customers and industry leaders who have recognized CData as an industry leader on more than one occasion, as CData was featured in the Forrester Wave report for Cloud Data Pipelines (Q4, 2023), recognized as a Strong Performer in the 2024 Gartner Peer Insights Voice of the Customer report for Data Integration, ranked in the 2023 Deloitte Technology Fast 500™ list, and selected as a 2024 Inc. Best Workplaces honoree.
