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CData scores $350M as data integration needs surge in the age of AI
CData has built a library of over 300 standards-based data connectors, which are being used by more than 7000 global organizations.
Today, the startup announced it has bagged $350 million in growth funding from Warburg Pincus and Accel to further accelerate its work, allowing engineers and business users alike to access and integrate data from any source or system. With the growth capital from Warburg Pincus and Accel, which reportedly values CData at $800 million, the company will increase its investments in operations, go-to-market strategy and product development. In addition, we’re continuously evaluating where we can utilize advancements in AI to strengthen our products and provide more value to our customers,” Sharma noted while suggesting the company will close the year near $100 million in annual recurring revenue.
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