CData Software, a leader in data connectivity solutions, has secured approximately $350 million in growth funding led by Warburg Pincus, with participation from Accel and existing investor Updata Partners. This funding will facilitate CData’s efforts in developing innovative data integration solutions, expanding operations, and enhancing its go-to-market strategy. CData serves over 7,000 organizations, including notable clients like Office Depot, Holiday Inn, and FedEx. Additionally, prominent data management providers such as Google and Salesforce integrate CData’s technologies into their platforms. The company has also expanded its capabilities through strategic acquisitions, including Data Virtuality, to offer robust real-time data access. This funding aims to accelerate CData’s mission to simplify data connectivity across enterprises, aiding their AI, machine learning, and analytics strategies. Warburg Pincus, known for its extensive experience in backing growth-stage companies, sees this partnership as an opportunity to drive CData’s next phase of growth. Legal and financial advisory support for the transaction was provided by firms including Cleary Gottlieb Steen & Hamilton LLP, Paul, Weiss, Rifkind, Wharton & Garrison LLP, and William Blair & Company. The company’s achievements have been recognized by Forrester, Gartner, Deloitte, and Inc., among others. CData continues to thrive, keeping its profitable operating model intact while pushing the boundaries of data access and integration solutions.

Data Connectivity, Artificial Intelligence, Private Equity, Venture Capital,United States, Global

CData Software Secures ~$350 Million in Strategic Growth Funding as AI  Proliferation Sparks Increased Need for Data Connectivity