What is Acceldata?
Founded in 2018 and based in Campbell, CA, Acceldata has established itself as a leader in enterprise data observability. The company's core offering, the Data Observability Cloud, is designed to enhance the stability, agility, and cost-efficiency of enterprise data systems. Acceldata's solutions have been adopted by a global clientele, including major corporations such as Oracle, PubMatic, PhonePe (Walmart), Pratt & Whitney, and DBS, highlighting the critical need for robust data management in today's complex business environments. The company's focus on transforming unreliable and expensive data systems into stable, scalable, and cost-effective platforms positions it as a key enabler for digital transformation initiatives.
How much funding has Acceldata raised?
Acceldata has raised a total of $105.6M across 5 funding rounds:
Angel/Seed
$2.1M
Series A
$8.5M
Series B
$35M
Series C
$50M
Series C
$10M
Angel/Seed (2018): $2.1M, investors not publicly disclosed
Series A (2020): $8.5M led by Lightspeed, Sorenson Ventures, and Emergent Ventures International
Series B (2021): $35M supported by Insight Partners
Series C (2023): $50M featuring Insight Partners, Industry Ventures, Sanabil Investments, and March Capital
Series C (2023): $10M backed by Prosperity7 Ventures
Key Investors in Acceldata
Prosperity7 Ventures
Prosperity7 Ventures, the diversified growth fund of Aramco Ventures, invests globally with a long-term view in breakthrough technologies and transformational business models aimed at creating widespread prosperity and positive impact.
Insight Partners
Insight Partners is a venture capital and private equity firm that invests in high-growth software and internet businesses. Their platform, GO, supports portfolio company leaders in scaling their operations and strengthening their leadership.
March Capital
March Capital is a growth-stage venture firm specializing in enterprise technology companies, focusing on scaling them into mission-critical global platforms and creating category leaders.
What's next for Acceldata?
With the recent substantial investment, Acceldata is poised for accelerated growth and market penetration. The company is likely to leverage this capital to enhance its product development, expand its engineering and sales teams, and broaden its global reach. The strategic nature of the recent funding suggests a focus on strengthening its competitive advantage in the rapidly evolving data observability market. Investors such as Insight Partners, March Capital, and Prosperity7 Ventures, known for their strategic backing of enterprise technology firms, indicate a clear path towards scaling operations and solidifying Acceldata's position as a critical infrastructure provider for data-driven enterprises.
See full Acceldata company page
