Overview

• 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.