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Acceldata Raises $8.5M Series A Round

2020-10-15
PALO ALTO, CA, Acceldata, the world's first enterprise Data Observability platform, has raised $8.5 million in Series A funding.
The round was led by Sorenson Ventures with participation from Lightspeed and Emergent Ventures. Acceldata's data observability platform provides cross-sectional visibility into analytical and AI systems for global enterprise customers, including GE, PhonePe (Walmart) and Michelin, and many more.

The Acceldata platform synthesizes signals across workloads, infrastructure and usage into a single pane of glass that enables customers to predict, identify and fix data issues, which could severely impact business outcomes and in many cases, business continuity. Acceldata helps enterprise data teams perform at the same industry-leading levels as those of most advanced big technology companies globally. The platform itself uses sophisticated AI and ML to simplify data operations and help fix data issues in real-time, while significantly reducing time spent by data teams identifying and solving problems. In addition, Acceldata lowers overall system licensing costs and accelerates enterprise data success.

Founded in 2018, Acceldata is the industry's first enterprise Data Observability platform for Analytics and AI systems, simplifying observability needs of global enterprises.
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