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- Tredence
Tredence Valuation, Funding & Investors
Tredence is valued at $500M as of December 2022.
Last Tredence valuation
$500M
Series B · Dec 2022
Last Tredence funding round
$175M
Series B · Dec 2022
Cumulative funding Tredence raised
$205M
across 2 funding rounds
Key investors in Tredence
Advent International
Chicago Pacific Founders
About Tredence
Tredence is a data science and AI services firm delivering analytics platforms that accelerate insights-to-action workflows for retail, CPG, and healthcare clients. Gurugram-headquartered with U.S. offices in Virginia, it powers solutions like demand forecasting and customer personalization for brands including PepsiCo and Mastercard. The AI/ML stack integrates with Snowflake and Databricks, focusing on operationalizing models at enterprise scale.
Founded
2013
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$500M (Dec 2022)
Tredence Valuation
Tredence is currently valued at $500M, based on its Series B in December 2022.
The $175M round was led by Advent International.
Tredence valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Dec 2022 | Series B | $500M |
Tredence Funding History
Tredence has raised a total of $205M across 2 funding rounds.
Tredence's first fundraising round was a $30M Series A in December 2020. The most recent completed round was a $175M Series B in December 2022.
Tredence funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Dec 2022 | Series B | Advent International (lead) | $175M | $500M | Tredence, a data science and AI solutions company founded in 2013 by Shub Bhowmick, Sumit Mehra, and Shashank Dubey, raised $175 million in a Series B funding round from Advent International in December 2022. The investment allows Advent to acquire a minority stake, with Advent joining the board alongside existing investor Chicago Pacific Founders (CPF), who had previously invested $30 million in December 2020 at a $100 million valuation. Tredence provides tailored data and analytics solutions, focusing on vertical AI strategies through its ATOM.AI accelerator ecosystem to bridge insight delivery and value realization for clients in retail, telecom, healthcare, travel, CPG, hi-tech, financial services, and industrials. The company, headquartered in San Jose with offices in Foster City, Chicago, London, Toronto, and Bengaluru, employs over 1,800 people, with more than 80% of revenues from North America. Funds from the round will accelerate data-fueled growth, AI value realization, vertical and domain expertise, IP development, channel partnerships, and operational excellence. Tredence aims to become the world's most indispensable data and analytics partner by solving complex industry challenges through pragmatic innovation and experimentation. Advent International, a global private equity firm founded in 1984, brings experience in technology services and software, with investments in companies like Encora, CI&T, NielsenIQ, Neoris, Sophos Solutions, Aareon, Canvia, and QuEST Global Services. CEO Shub Bhowmick highlighted Advent's global reach and scaling expertise, while Advent's Shweta Jalan noted the secular growth in data analytics driven by increasing data volumes, lower computing costs, and enterprise insights opportunities, positioning Tredence as a potential category leader. |
| Dec 2020 | Series A | Chicago Pacific Founders (lead) | $30M | - | Tredence Inc., a San Jose and Bengaluru-based data analytics firm founded in 2013, provides analytics services and solutions leveraging business analytics, data science, and software engineering for prediction and optimization in sectors like telecommunications, pharmaceuticals, retail, CPG, industrials, technology, and telecom. On December 10, 2020, it raised $30 million in a Series A growth investment from Chicago Pacific Founders (CPF), a private equity firm focused on healthcare services and care for aging populations. This marked CPF's first AI-focused portfolio investment, aimed at leveraging Tredence's AI capabilities in healthcare to address challenges like access to care, patient outcomes, and research. The funding supports Tredence's expansion into healthcare, organic growth, last-mile adoption, innovation, and geographic footprint, including new offices in India, strengthening US presence with four offices (headquarters in San Jose and a delivery center in Chicago), and entry into Europe and China. Tredence serves clients across the US, Canada, Europe, Australia, and SE Asia, growing primarily through referrals and doubling in size year-over-year. CPF's investment aligns with its strategy for delivery model innovation in healthcare amid aging populations, led by former healthcare executives. Tredence's outcomes-based AI approach is highlighted for adding value to CPF's portfolio. Subsequently, in a later Series B round, Tredence raised $175 million from Advent International, with CPF remaining a meaningful shareholder, supporting further scaling through vertical expertise, IP development, and operational excellence. |
Who has invested in Tredence?
2 investors have backed Tredence across its funding rounds, including Advent International and Chicago Pacific Founders.
Lead investors include Advent International and Chicago Pacific Founders.
Tredence Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Tredence investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Tredence
Tredence has acquired 2 companies to date.
Last acquisition by Tredence was on June 21st 2026. Tredence acquired KMK Consulting for undisclosed valuation.
Latest Acquisitions by Tredence
| Description | KMK Consulting is a pharmaceuticals company that provides management consultancy and data services. | Further Advisory is a Sydney-based boutique management consultancy specializing in strategy execution for mid-market firms in Australia. The firm assists clients in sectors like professional services, manufacturing, and technology by developing operational roadmaps, performance improvement plans, and change management frameworks derived from strategic visions. |
| HQ Country | ||
| HQ City | Morristown, NJ | Pittsburgh, PA |
| Deal Date | 21 Jun 2026 | 15 Apr 2025 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Tredence acquisitions and their M&A valuation multiples. Start Free Trial | ||
Tredence Competitors
Tredence competitors include listed companies like Happiest Minds Technologies and Spire Global, and private ones like Chalk, Crisp, Cymulate and Listen Labs.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - | ||
| Private | $10M | - | $500M | - | ||
| Publicly listed | $241M | $43M | $514M | 1.9x | ||
| Publicly listed | $72M | ($40M) | $475M | 5.1x |
Tredence Public Comps
Tredence is still privately-owned, but its public comps include Happiest Minds Technologies, Spire Global, Claritev, Latent View Analytics, Plus Alpha Consulting, Vista Group, Shanghai Wondertek, Nordtech Group, Cognyte Software and HCR Co.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $241M | $43M | 2.0x | 1.9x | 11.5x | 10.7x | |||
| $72M | ($40M) | 5.5x | 5.1x | (9.9x) | (13.6x) | |||
| $965M | $466M | 5.4x | 5.2x | 11.2x | 8.5x | |||
| $111M | $27M | 4.4x | 4.0x | 17.8x | 18.2x | |||
| $110M | $36M | 4.2x | 3.8x | 12.9x | 9.4x | |||
| $94M | $5M | 4.2x | 3.8x | 85.8x | 20.8x | |||
| $38M | $3M | 7.2x | - | 80.9x | - | |||
| $72M | $15M | 5.1x | - | 25.2x | - | |||
This data is available for Pro users. Sign up to see all Tredence competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Tredence
| When was Tredence founded? | Tredence was founded in 2013. |
| Where is Tredence headquartered? | Tredence is headquartered in San Jose, CA, United States. |
| Is Tredence publicly listed? | No, Tredence is a private, VC-backed company. |
| What is Tredence's valuation? | Tredence was last valued at $500M in its Series B in December 2022. |
| How much funding has Tredence raised? | Tredence has raised $205M across 2 funding rounds. |
| What was Tredence's last funding round? | Tredence's last funding round was a $175M Series B in December 2022, led by Advent International. |
| Who are Tredence's investors? | Tredence's investors include Chicago Pacific Founders and Advent International. |
| Which companies are comparable to Tredence? | Companies comparable to Tredence include Chalk, Crisp, Cymulate, Listen Labs, Happiest Minds Technologies and Spire Global. |
| How many companies has Tredence acquired? | Tredence has acquired 2 companies, including KMK Consulting and Further Advisory. |
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