Nd Emergent Ventures Since Its Inception The Round Will Be Used For Accelerating Innovation And Expanding Go To Market Efforts Data Observability Platform Enterprise Volume System Complexity Is Increasing Exponentially While Engineering Teams Are Understaffed Hard Scale Operational News Today : Breaking News, Live Updates & Top Stories | Vimarsana
New Delhi [India], February 15 (ANI/NewsVoir): Acceldata, the market leader in data observability, has raised USD 50 million in Series C funding. This latest round of funding was led by March Capital, with additional investment from Sanabil Investments, Industry Ventures, and existing investors, Insight Partners. Acceldata has raised nearly USD 100 million in funding from top-tier VCs including Lightspeed, Sorenson Ventures, and Emergent Ventures since its inception. The round will be used for accelerating innovation and expanding go-to-market efforts for its Data Observability Platform. Enterprise data volume and system complexity is increasing exponentially while data engineering teams are understaffed and hard to scale. Operational complexity, failing data pipelines, unreliable datasets, and rising data management costs inhibit data ROI, and cause costly compliance failures for enterprises across all industries. In a recent survey conducted by Censuswide, 80 per cent of enterprise d