Acceldata, a provider of data observability solutions, has raised $50 million in Series C funding led by March Capital. The funding will be used to accelerate product innovation and expand its go-to-market efforts. Acceldata has raised nearly $100 million from investors including Lightspeed, Sorenson Ventures, and Insight Partners. The company will use the funding to expand its footprint in the Global 2000 and increase awareness of data observability as a must-have enterprise investment. Acceldata is expanding integrations with cloud service providers and ISVs and is well-positioned to lead the data observability market with its enterprise-scale platform, according to George Mathew, Managing Director at Insight Partners.
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