CData Secures $350M to Enhance Data Integration for AI

The funding from Warburg Pincus and Accel aims to boost CData's efforts in streamlining data connectivity for enterprises.

CData raised $350 million in growth funding, valuing the company at over $800 million.
The company provides data connectivity solutions to integrate data from various sources for AI and analytics.
CData's tools are used by over 7,000 global organizations, including major names like Salesforce and FedEx.
The funds will support product development, operations, and go-to-market strategies to meet rising AI demands.
CData expects to reach $100 million in annual recurring revenue by the end of 2024.