Data observability platform, Acceldata raises $35M
Sep 30, 2021 | Shaoni Ghosh
Data observability platform, Acceldata specializes in aiding data-propelling companies to obtain innovation agility and outcomes on data investments, and simultaneously, provides observability that runs through data pipelines, data quality and data system infrastructure.
It offers end-to-end visibility, close monitoring and makes best use of Artificial Intelligence and Machine Learning algorithms. This in turn ensures simplicity and makes it as flat as a pancake for data workers, and others to comprehend how the data is being processed through with respect to its performance, efficiency, and cost-effectiveness.
The Raise
Acceldata has raised a total amount of $45.6M in funding over three rounds. The platform's lead investors include that of Insight Partners, Sorenson Ventures, and Emergent Ventures, Lightspeed India Partners.
The latest funding was raised on 28th September, 2021 from a Series B round led by Insight Partners as aforementioned.According to CEO Rohit Choudhary, the total raised amount will be used to fund growth, since it works hand-in-hand with Acceldata's expansion in terms of its workforce.
The implementation of cloud technologies in the platform is expected to gain a steep rise at 42.2% annual rate in the coming two years. However, even though the platform shifted to the cloud and advances in technology, as Choudhary continues, several companies were shrouded with not-so-high quality data.
(Related Reading: Cloud Computing Tutorial: Types, Benefits & Future Scope)
As reported by VentureBeat, Choudhary didn't realize that data engineering and operations related frailties lessen the companies' potential to transform themselves into "high-performing, data-driven enterprises."
And that, the companies were failing in the process, while they were actively trying to capitalize on their data investments.CEO Rohit Choudhary ensures that the data observability platform is segmented by a sequential amalgamation of correlation, machine learning and trending analysis. It makes use of the latter to analyze data system performance and inadequate resources.
(Recommended Blog: Top 6 Data Analysis Techniques)
Acceldata Torch and Acceldata Flow offer their deliverances of data quality and data dependability. Choudhary stated that Acceldata Torch can save customers' time and succeeds in keeping accounts of data quality through the method of data pipelines ranging from "data ingestion to data consumption...data in motion, and data under transformation."
(Must Check: What is Data Analytics and its types?)
Acceldata's newest product, Acceldata Flow is expected to be made available from the year 2022. It ventures into open-source workflow platforms. It utilizes APIs, data sources, data transformation in order to generate custom workflows.As stated by Choudhary, the integration with Pulse and Torch leads not only to the accession of data pipelines but also unearth data processing issues that affect data performance quality in return.
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