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- Acceldata
Acceldata Valuation, Funding & Investors
Acceldata is valued at $360M as of February 2023.
Last Acceldata valuation
$360M
Series C · Feb 2023
Last Acceldata funding round
$10M
Series C · Oct 2023
Cumulative funding Acceldata raised
$106M
across 5 funding rounds
Key investors in Acceldata
Lightspeed India Partners
Emergent Ventures
Insight Partners
March Capital
Sorenson Ventures
Industry Ventures
About Acceldata
Acceldata is a Campbell-headquartered enterprise data observability platform that has evolved into an agentic data management system. The platform monitors, manages, and optimizes data pipelines for clients like Dun & Bradstreet, AT&T, Oracle, and DBS Bank. Intelligent agents ensure reliable data delivery at scale with enhanced speed and efficiency. Acceldata supports global organizations in building high-performing data products. Established in 2018, the firm collaborates closely with Fortune 500 enterprises.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Subscription
Valuation
$360M (Feb 2023)
Acceldata Valuation
Acceldata is currently valued at $360M, based on its Series C in February 2023.
The $50M round was led by March Capital, with participation from Industry Ventures, Sanabil and Insight Partners.
Acceldata's valuation has grown 59x from $6M at its seed round in October 2018 to $360M in February 2023, across 3 priced rounds.
Acceldata valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2023 | Series C | $360M |
| Oct 2020 | Series A | $33M |
| Oct 2018 | Seed | $6M |
Acceldata Funding History
Acceldata has raised a total of $106M across 5 funding rounds.
Acceldata's first fundraising round was a $2M seed round in October 2018. The most recent completed round was a $10M Series C in October 2023.
Acceldata funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Oct 2023 | Series C | Prosperity7 Ventures (lead) | $10M | - | Acceldata is a data observability company headquartered in Campbell, California, providing an enterprise platform for monitoring and managing complex data operations at petabyte scale. The company announced a $10 million addition to its Series C funding round from Prosperity7 Ventures on October 10, 2023, bringing the total Series C to $60 million following a prior $50 million raise led by March Capital in February 2023. Previous investors include Sanabil Investments, Industry Ventures, Insight Partners, Lightspeed, Sorenson Ventures, and Emergent Ventures, with total funding exceeding $100 million. The investment supports go-to-market expansion, product innovation, geographic growth including new offices in Canada, mergers and acquisitions, and research and development. Acceldata reported 100% year-over-year revenue growth, 150% year-over-year Fortune 500 customer logo growth, and significant momentum from customer adoption among the world's largest enterprises. The company recently acquired Bewgle and expanded its executive team with hires including Mike McQuaid as chief revenue officer, Mahesh Kumar as chief marketing officer, and Ramon Chen as chief product officer. |
| Feb 2023 | Series C | March Capital (lead); Industry Ventures; Sanabil; Insight Partners | $50M | $360M | Acceldata, founded in 2018 and headquartered in Campbell, California, is the market leader in enterprise data observability platforms. The company has developed the world's first enterprise data observability platform to help enterprises build and operate great data products, addressing the challenge of exponential growth in enterprise data volume and system complexity while data engineering teams remain understaffed. The company's solutions are embraced by global customers including Dun & Bradstreet, Verisk, Oracle, PubMatic, PhonePe (Walmart), and DBS. On February 8, 2023, Acceldata announced a $50 million Series C funding round led by March Capital, with additional investment from Sanabil Investments, Industry Ventures, and existing investor Insight Partners. This was followed by a $10 million follow-on investment in October 2023 from Sorenson Ventures and March Capital, bringing total Series C capital raised to $60 million. The combined Series C rounds (initial and follow-on) valued the company at $360 million post-money. The funding was designated for accelerating product innovation and expanding go-to-market efforts for its Data Observability Platform. As of February 2023, Acceldata had raised nearly $100 million from top-tier venture capital firms including Lightspeed, Sorenson Ventures, and Emergent Ventures since its inception. |
| Sep 2021 | Series B | Insight Partners (lead); Emergent Ventures; March Capital; Sorenson Ventures; Lightspeed India Partners | $35M | - | Acceldata, founded in 2018, is the market leader in enterprise data observability, providing a cloud platform that offers observability across data quality, data pipelines, and system infrastructure using AI and machine learning algorithms. The company was founded by Rohit Choudhary, Ashwin Rajeeva, Gaurav Nagar, and Raghu Mitra Kandikonda. In September 2021, Acceldata raised $35 million in Series B funding led by global venture capital and private equity firm Insight Partners, with participation from new investor March Capital and existing investors Lightspeed, Sorenson Ventures, and Emergent Ventures. The company had tripled its revenue from 2019 to 2020 and had expanded to more than 100 employees across the world with customers in eight countries, including Oracle, PubMatic, and True Digital. The proceeds were designated to further expand capabilities across data quality, data pipeline monitoring, and system infrastructure, with plans to expand the engineering team in Bengaluru from 90 to 220 by the end of 2022. Acceldata's integrated data observability solution set it apart from competitors by handling both data at rest and data in motion through the entire data pipeline with an enterprise architecture that was data source, infrastructure, and cloud provider-agnostic. |
| Oct 2020 | Series A | Sorenson Ventures (lead); Emergent Ventures; Lightspeed India Partners | $9M | $33M | Acceldata raised $8.5 million in a Series A funding round on October 15, 2020, led by Sorenson Ventures with participation from Lightspeed and Emergent Ventures. The Palo Alto-based company, founded in 2018, develops an enterprise data observability platform to provide visibility into analytical and AI systems, addressing challenges in data performance, reliability, and quality. Customers at the time included GE, PhonePe (Walmart), and Michelin. The funding supported Acceldata's mission to build foundational infrastructure for modern data applications, enabling data teams to isolate issues and scale systems. Investors highlighted the importance of data observability for enterprise success in big data environments. Acceldata operates offices in Bengaluru and Singapore, serving global enterprises. |
| Oct 2018 | Seed | Emergent Ventures (lead); Lightspeed India Partners (lead) | $2M | $6M | - |
Who has invested in Acceldata?
8 investors have backed Acceldata across its funding rounds, including Lightspeed India Partners, Emergent Ventures, Insight Partners, March Capital, Sorenson Ventures and Industry Ventures.
Lead investors include Prosperity7 Ventures, March Capital, Insight Partners, Sorenson Ventures, Emergent Ventures and 1 other investor.
Acceldata Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Oct 2018 | ||
| 3 | Lead | Oct 2018 | ||
| 2 | Lead | Sep 2021 | ||
| 2 | Lead | Oct 2020 | ||
| 2 | Lead | Sep 2021 | ||
| 1 | Participant | Feb 2023 | ||
This data is available for Pro users. Sign up to see all 8 Acceldata investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Acceldata
Acceldata has acquired 1 company to date.
Last acquisition by Acceldata was on September 19th 2023. Acceldata acquired Bewgle, Inc for undisclosed valuation.
Latest Acquisitions by Acceldata
| Description | Bewgle, Inc. is a software firm headquartered in San Francisco. It deploys AI and machine learning to analyze customer reviews for e-commerce brands. The platform extracts insights from review data to inform product development, marketing, and customer service strategies. |
| HQ Country | |
| HQ City | San Francisco, CA |
| Deal Date | 19 Sep 2023 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all Acceldata acquisitions and their M&A valuation multiples. Start Free Trial | |
Acceldata Competitors
Acceldata competitors include listed companies like Business-intelligence and Exasol, and private ones like Hex Technologies, MotherDuck, StarTree and Chalk.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $350M | - | ||
| Private | - | - | $400M | - | ||
| Private | - | - | $426M | - | ||
| Private | - | - | $500M | - | ||
| Publicly listed | $389M | $54M | $2B | 5.9x | ||
| Publicly listed | $48M | $5M | $56M | 0.7x |
Acceldata Public Comps
Acceldata is still privately-owned, but its public comps include HCR Co, Nordtech Group, Shanghai Wondertek, Vista Group, Zhongfu Information, BTQ Technologies, AnyMind Group, Spire Global, Datawalk and Happiest Minds Technologies.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $75M | ($3M) | 3.3x | - | (84.3x) | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
| $38M | $3M | 7.2x | - | 80.9x | - | |||
| $94M | $5M | 4.2x | 3.8x | 85.8x | 20.8x | |||
| $108M | $1M | 3.4x | 2.7x | 359.0x | - | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $368M | $12M | 1.0x | 0.7x | 30.8x | 10.5x | |||
| $72M | ($40M) | 5.5x | 5.1x | (9.9x) | (13.6x) | |||
This data is available for Pro users. Sign up to see all Acceldata competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Acceldata
| When was Acceldata founded? | Acceldata was founded in 2018. |
| Where is Acceldata headquartered? | Acceldata is headquartered in San Jose, CA, United States. |
| Is Acceldata publicly listed? | No, Acceldata is a private, VC-backed company. |
| What is Acceldata's valuation? | Acceldata was last valued at $360M in its Series C in February 2023. |
| How much funding has Acceldata raised? | Acceldata has raised $106M across 5 funding rounds. |
| What was Acceldata's last funding round? | Acceldata's last funding round was a $10M Series C in October 2023, led by Prosperity7 Ventures. |
| Who are Acceldata's investors? | Acceldata's investors include Emergent Ventures, Lightspeed India Partners, March Capital, Sorenson Ventures, Insight Partners, Industry Ventures, Prosperity7 Ventures and Sanabil. |
| Which companies are comparable to Acceldata? | Companies comparable to Acceldata include Hex Technologies, MotherDuck, StarTree, Chalk, Business-intelligence and Exasol. |
| How many companies has Acceldata acquired? | Acceldata has acquired 1 company, including Bewgle, Inc. |
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