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- CData Software
CData Software Revenue, Valuation, Funding & Investors
CData Software is valued at $800M as of June 2024, a 8.0x multiple on its last reported $100M revenue.
Last CData Software valuation
$800M
Undisclosed stage · Jun 2024
Last CData Software funding round
$350M
Undisclosed stage · Jun 2024
CData Software revenue
$100M
Undisclosed stage · Jun 2024
Key investors in CData Software
Updata Partners
Accel
Warburg Pincus
About CData Software
CData Software is a provider of data connectivity solutions enabling real-time access to over 250 data sources including cloud applications, databases, and APIs. Headquartered in Chapel Hill, North Carolina, the company delivers drivers and adapters compatible with ODBC, JDBC, ADO.NET, OData, SSIS, BizTalk, and Excel. Its products support hybrid and on-premises environments, facilitating data integration for enterprises worldwide. CData serves sectors like finance, healthcare, and manufacturing through tools such as CData Sync for replication and CData Arc for EDI.
Founded
2016
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Licensing, Subscription
Revenue
$100M (Jun 2024)
Valuation
$800M (Jun 2024)
CData Software Valuation
CData Software is currently valued at $800M, based on its undisclosed-stage round in June 2024.
The $350M round was led by Warburg Pincus, with participation from Updata Partners and Accel.
CData Software's valuation has grown 6.7x from $120M at its Series A in March 2020 to $800M in June 2024, across 2 priced rounds.
CData Software valuation by funding round
Revenue multiple| Date | Stage | Valuation | Revenue Multiple |
|---|---|---|---|
| Jun 2024 | Undisclosed stage | $800M | 8.0x |
| Mar 2020 | Series A | $120M | - |
CData Software Revenue
CData Software's latest recorded revenue is $100M, as of its undisclosed-stage round in June 2024. At a $800M valuation, that implies a 8.0x revenue multiple.
CData Software revenue by funding round
| Date | Revenue * | Valuation | Revenue Multiple | Stage |
|---|---|---|---|---|
| Jun 2024 | $100M | $800M | 8.0x | Undisclosed stage |
* Revenue (or ARR) figures are the values recorded alongside each funding round. Typically run-rate revenue at the time of the deal, or a reported LTM (last 12 months) revenue.
CData Software Funding History
CData Software has raised a total of $510M across 3 funding rounds.
CData Software's first fundraising round was a $20M Series A in March 2020. The most recent completed round was a $350M undisclosed-stage round in June 2024.
CData Software funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2024 | Undisclosed stage | Warburg Pincus (lead); Updata Partners; Accel | $350M | $800M | CData Software, a Chapel Hill, North Carolina-based company founded in 2016, provides data connectivity solutions that enable real-time access to data from on-premises and cloud applications for enterprises. Its products support data integration across diverse sources, aiding customers like Salesforce, Office Depot, FedEx, and Holiday Inn in managing data for applications and AI workloads, particularly proprietary datasets for custom AI models. The company serves around 7,000 businesses and has evolved from application integration to capitalizing on the API economy, cloud computing, and AI-driven demand. On June 26, 2024, CData raised approximately $350 million in growth equity financing led by Warburg Pincus, with participation from Accel and existing investor Updata Partners, who had previously invested $140 million in 2021 and $20 million in 2020. The all-equity round, including secondary components and a separate undisclosed debt facility, values the company at over $800 million post-money according to sources cited by Reuters and TechCrunch. CData reported over 40% year-over-year growth and expects to reach $100 million in annual recurring revenue by the end of 2024; it claims profitability. The funding will accelerate investments in operations, product development, go-to-market strategies, marketing, sales, hiring (from ~350 employees), and potential acquisitions, positioning CData to meet surging enterprise needs for data connectivity amid AI proliferation. Updata remains a significant shareholder. This round stands out as one of the largest for a Triangle-area startup amid a challenging funding environment due to high interest rates. |
| Dec 2021 | Series B | Updata Partners (lead) | $140M | - | CData Software raised $140 million in a Series B funding round on December 16, 2021, led by Updata Partners, following a $20 million Series A in March 2020, bringing total funding to $160 million. The company provides standards-based data connectivity solutions, enabling real-time access and integration from on-premise or cloud databases, SaaS, APIs, NoSQL, and Big Data sources. Funds were intended to accelerate growth, cloud strategy, and expansion. Updata Partners, a Washington D.C.-based growth equity firm, participated in this round along with prior investments in CData's Series A and later Series C in 2024. Investors also included Accel and Warburg Pincus in subsequent rounds, with Warburg leading a ~$350 million growth investment. CData focuses on data connectors, ETL/ELT solutions, cloud/API connectivity, and embedded data access to streamline integrations. The firm has raised over $510 million across five rounds as of 2024, with Updata involved in three. |
| Mar 2020 | Series A | - | $20M | $120M | CData Software announced a $20 million Series A funding round from Updata Partners in March 2020, with industry veteran John Burton elected as Chairman of the Board. This investment supported the company's growth in providing standards-based data connectivity solutions for on-premise and cloud databases, SaaS, APIs, NoSQL, and Big Data. The funding came shortly after earlier investments and positioned CData for expansion in data integration and management. The March 2020 Series A was followed by a $140 million Series B round also led by Updata Partners, bringing total funds raised to $160 million by mid-2021. These rounds fueled CData's cloud strategy and acceleration of growth in real-time data access products. CData, founded in 2016 and based in Chapel Hill, NC, serves thousands of businesses including major enterprises, enabling seamless data connectivity across diverse sources. Updata remained a key investor through subsequent financings, including a $350 million growth round in 2024 led by Warburg Pincus with Accel participation. |
Who has invested in CData Software?
3 investors have backed CData Software across its funding rounds, including Updata Partners, Accel and Warburg Pincus.
Lead investors include Warburg Pincus and Updata Partners.
CData Software Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Dec 2021 | ||
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by CData Software
CData Software has acquired 2 companies to date.
Last acquisition by CData Software was on April 4th 2024. CData Software acquired Data Virtuality for undisclosed valuation.
Latest Acquisitions by CData Software
| Description | Data Virtuality is a Leipzig-headquartered provider of data integration solutions, including the Data Virtuality Platform for data virtualization and replication tailored to Data Fabric and Data Mesh architectures. This platform enables self-service data access and governance for enterprises like BSH, PGGM, PartnerRe, Crédit Agricole, and Vontobel building modern data infrastructures. Additionally, Pipes offers no-code data pipelines from over 200 sources to data warehouses, serving E-Commerce businesses, marketplaces, and marketing agencies with automated replication, SQL customization, job dependencies, and advanced types for real-time data freshness. | forceAmp.com is a developer of DBAmp, a bidirectional data synchronization tool for Salesforce and SQL databases. As a long-term Salesforce partner, the company enables Fortune 500 enterprises to replicate data to on-premises systems like Oracle and Microsoft SQL Server. forceAmp.com supports real-time CDC and bulk operations for CRM analytics, now operated under CData umbrella. Its connectors handle millions of records daily for compliance and reporting workflows. |
| HQ Country | ||
| HQ City | Leipzig | Iowa City, IA |
| Deal Date | 4 Apr 2024 | 12 Jan 2021 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all CData Software acquisitions and their M&A valuation multiples. Start Free Trial | ||
CData Software Competitors
CData Software competitors include listed companies like BTQ Technologies and TRS Information Technology, and private ones like Atlan, Pinecone, Labelbox and Exodigo.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $10M | - | $750M | 75.0x | ||
| Private | - | - | $750M | - | ||
| Private | $33M | - | $900M | 27.3x | ||
| Private | $25M | - | $700M | 28.0x | ||
| Publicly listed | $226K | ($18M) | $395M | 266.9x | ||
| Publicly listed | $76M | ($20M) | $1.7B | 19.7x |
CData Software Public Comps
CData Software is still privately-owned, but its public comps include e-Hualu, BTQ Technologies, Zhongfu Information, Datavault AI, Asteria, Airship AI, AgEagle Aerial Sys, Exasol, Celebrus and TRS Information Technology.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $69M | ($310M) | 24.1x | - | (5.4x) | - | |||
| $226K | ($18M) | 1720.6x | 266.9x | (21.8x) | - | |||
| $108M | $1M | 3.4x | 2.7x | 359.0x | - | |||
| $39M | ($49M) | 4.1x | 1.1x | (3.3x) | (7.9x) | |||
| $22M | $9M | 4.7x | 4.8x | 11.8x | - | |||
| $15M | ($5M) | 3.6x | 3.6x | (10.7x) | (9.9x) | |||
| $13M | ($4M) | 3.6x | - | (10.3x) | - | |||
| $48M | $5M | 0.6x | 0.7x | 6.6x | 7.5x | |||
This data is available for Pro users. Sign up to see all CData Software competitors and their valuation data. Start Free Trial | ||||||||
Common questions about CData Software
| When was CData Software founded? | CData Software was founded in 2016. |
| Where is CData Software headquartered? | CData Software is headquartered in Chapel Hill, NC, United States. |
| Is CData Software publicly listed? | No, CData Software is a private, VC-backed company. |
| What is CData Software's valuation? | CData Software was last valued at $800M in its undisclosed-stage round in June 2024. |
| How much funding has CData Software raised? | CData Software has raised $510M across 3 funding rounds. |
| What was CData Software's last funding round? | CData Software's last funding round was a $350M undisclosed-stage round in June 2024, led by Warburg Pincus. |
| Who are CData Software's investors? | CData Software's investors include Updata Partners, Warburg Pincus and Accel. |
| What is CData Software's revenue? | CData Software's latest recorded revenue is $100M (June 2024). |
| What is CData Software's revenue multiple? | CData Software's latest valuation implies a 8.0x revenue multiple ($800M valuation on $100M of revenue). |
| Which companies are comparable to CData Software? | Companies comparable to CData Software include Atlan, Pinecone, Labelbox, Exodigo, BTQ Technologies and TRS Information Technology. |
| How many companies has CData Software acquired? | CData Software has acquired 2 companies, including Data Virtuality and forceAmp.com. |
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