Tredence, the Data Science and AI Solutions company, has raised $175 million in a Series B funding from Advent International.
Advent has significant investment experience in the technology services and software sectors. Recent IT and information services investments include Encora, CI&T, NielsenIQ, Neoris, Sophos Solutions, Aareon, Canvia, and QuEST Global Services.
Advent has invested in over 400 private equity investments across 42 countries, and as of June 30, 2022, had $96 billion in assets under management. Advent focuses on investments in five core sectors, including business and financial services; health care; industrial; retail, consumer and leisure; and technology.
The existing investor Chicago Pacific Founders, a private equity firm, will continue to be a shareholder in Tredence. CPF made its initial investment in Tredence in December 2020.
Tredence is founded in 2013 by Shub Bhowmick, Sumit Mehra, and Shashank Dubey.
Tredence Founders pic L to R-Shashank Dubey– Co-founder & Chief Revenue Officer_ Sumit Mehra – Co-founder & Chief Technology Officer and Shub Bhowmick– Co-founder & CEO – Tredence