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CData, a data connectivity solutions provider, has secured $350 million in growth capital, pushing its valuation to over $800 million. The funding round, led by Warburg Pincus and Accel, also includes equity and secondary components, with a separate undisclosed debt component. CData, based in North Carolina, has around 7,000 enterprise customers across various sectors, including healthcare and retail. The company’s primary offering is building connectors that integrate data from different applications and locations, facilitating easier data access and integration for enterprises. With the increasing demand for AI, CData’s tools enable companies to leverage their proprietary data to develop custom AI models. Founded a decade ago, CData initially focused on application integration but has evolved to address the complexities of the API economy and cloud computing. The company’s platform features 270 connectors and partnerships with 100 independent software vendors, including Google and Salesforce. These integrations help businesses seamlessly access and utilize their data. Despite competition from companies like Domo and Fivetran, CData’s robust customer base and comprehensive integration solutions have positioned it as a key player in the data connectivity market. The new funds will support further business and product development, enhancing CData’s capability to integrate legacy systems with modern AI applications.

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