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Acceldata raises $35M in a Series B funding round led by Insight Partners and others to expand its capabilities across data quality, pipeline monitoring and system infrastructure
Acceldata, an enterprise data observability cloud provider, raised $35 million in a Series B funding round led by Insight Partners to further expand its capabilities across data quality, pipeline monitoring and system infrastructure, a press release from the company said.
The Series A funding for Acceldata came in October last year, where it netted $8.5 million. Other investors, March Capital, Lightspeed, Sorenson Ventures and Emergent Ventures, participated in the funding round.
Acceldata, founded in 2018, offers observability across data quality, data pipelines and system infrastructure in real-time via its AI and machine learning algorithms. Calling itself as an integrated data observability solution, it helps enterprises transform their data systems from unreliable, hard-to-scale and expensive to stable, agile and cost-efficient. Rohit Choudhary, CEO and co-founder of Acceldata, said that most companies today do not have the expertise and resources to effectively manage their enterprise data systems and added,
Our Data Observability Cloud is purpose-built to help businesses simplify complex data operations, expand data usage, and meet growing business requirements, all while reducing costs and increasing data engineering productivity. This investment from leading enterprise software VCs validates Acceldata’s vision. From day one, Acceldata focused on improving access to comprehensive data observability capabilities that improve data pipeline reliability and performance, while increasing data engineering team productivity.Rohit Choudhary, CEO and co-founder of Acceldata
Acceldata said it would use the proceeds from the funding to achieve operational excellence in data observability, innovation agility and ensure higher returns on their data initiatives. George Mathew, managing director of Insight Partners, said,
Acceldata leads the market with a cloud platform that delivers true data observability that is continuous and comprehensive for complex enterprises. Acceldata is unique because it handles data at rest as well as data in motion through the entire data pipeline with an enterprise architecture that is data source, infrastructure, and cloud provider-agnosticGeorge Mathew, managing director of Insight Partners