A Growing Need for Data Observability
In today’s digital age, data has become the lifeblood of any organization. Multinational enterprises such as Oracle and Verisk rely heavily on their data infrastructure to make informed business decisions. However, with data spread across multiple clouds, applications, and systems, it can be challenging to ensure its quality and integrity. This is where Acceldata comes in – a company that has developed a data observability platform to help organizations understand the health of their data.
Acceldata’s Mission
Founded in 2018 by Rohit Choudhary, Acceldata aims to revolutionize the way companies manage their data. With a strong focus on innovation and customer satisfaction, the company has already made significant strides in the industry. Acceldata’s platform provides prebuilt integrations with popular cloud services such as Snowflake, Databricks, BigQuery, Amazon Redshift, and more.
Understanding Data Observability
Data observability is a relatively new concept that refers to the ability of an organization to understand the quality and integrity of its data in real-time. This includes monitoring data pipelines, identifying issues, and ensuring data accuracy. Acceldata’s platform provides a comprehensive view of an organization’s data infrastructure, enabling them to make informed decisions about their data.
Benefits of Data Observability
Acceldata CEO Rohit Choudhary explained the importance of data observability in a recent interview with TechCrunch: "To build trust in data, the flow of information from multiple sources needs to be streamlined and efficiently managed through data pipelines. This not only supports analytics initiatives but also maximizes business value."
Raising $50M in Series C Funding
Acceldata has recently raised $50 million in a Series C funding round, led by March Capital, with participation from Insight Partners, Industry Ventures, and Sanabil Investments. This significant investment will enable Acceldata to expand its platform, improve its offerings, and further educate the market about the importance of data observability.
Acceldata’s Differentiation
While other companies may focus on traditional application observability or specific layers within data infrastructure, Acceldata differentiates itself by covering a full gamut of layers across data infrastructure, quality, pipelines, and users. This comprehensive approach enables Acceldata to support a wide range of use cases, including spend intelligence, which allows customers to manage and predict their data processing costs.
Acceldata’s Plans
With the fresh funding, Acceldata plans to increase its headcount by 100 in 2023, taking its total number of employees to around 270. This expansion will enable the company to further develop its platform and improve customer support.
The Importance of Data Observability
In today’s fast-paced business environment, data observability is becoming increasingly essential for organizations to remain competitive. Acceldata’s innovative platform provides a comprehensive solution for companies looking to ensure the quality and integrity of their data.
Conclusion
Acceldata’s Series C funding round is a significant milestone in the company’s journey to revolutionize the way organizations manage their data. With its comprehensive data observability platform and strong leadership, Acceldata is poised to make a lasting impact on the industry.
