CData Software Secures $350 Million in Funding

CData Software Secures $350 Million in Funding

CData Software, a Chapel Hill, NC-based provider of data access and connectivity solutions secured $350 million in growth capital.

The round was led by Warburg Pincus, with participation from Accel.

Warburg Pincus, a global growth investor with over $81 billion in assets under management, has an active portfolio of more than 215 companies and is headquartered in New York.

The company will use the funding to accelerate its investments in building innovative data integration solutions for customers.

CData Software provides data access and connectivity solutions that enable organizations to connect, integrate, and manage data from various sources across on-premises and cloud environments. CData serves over 7,000 organizations globally, spanning various industries. Their customers include well-known companies like Office Depot, Holiday Inn, and FedEx, as well as major data management providers and independent software vendors (ISVs) who embed CData technologies into their platforms.

Funding Details

Company: CData Software, Inc.

Raised: $350.0M

Round: Growth Round

Funding Month: June 2024

Lead Investors: Warburg Pincus

Additional Investors: Accel

Company Website: https://www.cdata.com

Software Category: Data Connectivity Solutions