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Venture Capital News: Acceldata Nabs $10M Series C Financing

2023-10-10
CAMPBELL, CA, Acceldata today announced the company has achieved 150% year-over-year Fortune 500 logo growth and a $10 million Series C funding.
Acceldata, the market leader in enterprise data observability, today announced the company has achieved 150% year-over-year Fortune 500 logo growth and a $10 million Series C funding addition from new investor Prosperity7 Ventures to fuel its go-to-market expansion. The investment brings the company's total capital raised to over $100 million as it reports significant corporate momentum fueled by customer growth, product innovation, global expansion, and the acquisition of Bewgle. In addition, the company has expanded its executive leadership with the appointment of Mike McQuaid as chief revenue officer, Mahesh Kumar as chief marketing officer, and Ramon Chen as chief product officer.

Founded in 2018, Campbell, CA-based Acceldata has developed the world's first enterprise data observability platform to help enterprises build and operate great data products. Acceldata's solutions have been embraced by global customers, such as Dun & Bradstreet, Oracle, PubMatic, PhonePe (Walmart), HCSC, and many more.
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