California-based software development company Acceldata has raised a $50M Series C round led by March Capital, bringing its total raised to $96M.
The
company plans to use its fresh funds to enhance and promote its Data
Observability Platform, which became generally available in 2022.
- Acceldata’s
platform claims to provide enterprise-grade data observability into
data pipeline performance and data quality spanning the full data
stack.
- According to the company website,
the platform can minimize the operational risk associated with data
operations by up to 90%, accelerate innovation by up to 300%, and
maximize data ROI by up to 30%.
- Notable
features of Acceldata’s data observability platform include high
capacity, optimized computing, reliability, and real-time insights to
identify issues and boost performance.
- The software development company also intends to use its recent funds to expand integrations with cloud providers.
- Acceldata Data Observability Cloud was released in Aug. 2022 and supports public, private, and multi-cloud environments.
