CData Software, a provider of data connectivity and integration solutions, has secured US$350 million in growth capital in a funding round led by Warburg Pincus with participation from Accel.

CData Software provides data connectivity solutions to over 7,000 organisations including Office Depot, Holiday Inn, and FedEx. The tech is also embeded by major data management providers and independent software vendors (ISVs), including Google, Salesforce, and Informatica, into their platforms.

CData plans to continue investing in operations, product development, and go-to-market strategy. Existing investor Updata Partners, who invested in CData's Series A in 2020 and Series B in 2021, will remain a significant investor.

"Since our founding, CData has continually raised the bar with our innovative solutions, enabling companies to seamlessly connect to data wherever it resides," said Amit Sharma, co-founder and CEO, CData. "Data access is at the core of any AI, ML, or advanced analytics strategy, but continues to be a challenging roadblock to innovation for many organisations today. Given their vast experience working with companies of a similar profile, partnering with Warburg Pincus and Accel will help CData thrive in our next stage, bringing cutting-edge solutions to the market and supporting our customers' modern data initiatives."

CData's recent acquisition of Data Virtuality expands the company's reach in the data virtualisation market. CData claims to be the only data management vendor to bring a bi-modal integration stack to market, allowing customers to leverage both live data access and replicated data movement within one common connectivity platform.

CData was featured in the Forrester Wave report for Cloud Data Pipelines in Q4 2023, and named as a Strong Performer in the 2024 Gartner Peer Insights Voice of the Customer report for Data Integration. CData ranked on the 2023 Deloitte Technology Fast 500 list, and was recently recognised as a 2024 Inc. Best Workplaces honoree.

"We focus on investments that offer differentiated and value-added solutions that are well-positioned to benefit from addressing shifting business needs. CData is a great fit within our portfolio as a market leading provider of mission-critical data connectivity solutions, allowing organisations to connect, integrate, and manage data from various sources across on-premises and cloud environments," said Cary Davis, Managing Director, Warburg Pincus. "We believe that our investment will bring CData into its next phase of growth and support the company's mission to simplify access to data. We look forward to partnering with Amit and his team, along with Updata Partners and Accel, to expand and accelerate their success in this demanding market," added Parag Gupta, Managing Director, Warburg Pincus.

"Data connectivity is a critical enabler in a world of intelligent software - any AI, analytics or automation service delivers far better outcomes the more cross-functional data it can access," said Nate Niparko, Partner at Accel. "We're thrilled to support CData as it builds on its standards for interconnecting the largest catalog of business data."