Company
Date Published
June 26, 2024
Author
Amit Sharma
Word count
711
Language
English
Hacker News points
None

Summary

CData has secured a $350 million investment led by Warburg Pincus, with participation from Accel and existing partner Updata, recognizing the value of partnering with these investors to enhance growth and capitalize on opportunities ahead. The company's strong engineering foundation and expansion into enterprise products have garnered significant traction among customers such as Office Depot, Blue Cross Blue Shield, and Tesco Bank. CData prioritizes delivering high-quality data connectors and is focusing on expanding its portfolio through product development and strategic acquisitions, while also addressing the growing demand for AI capabilities to generate faster outcomes for customers.