Data science firm Tredence raises $175 mn in funding for expanding business

San Jose-based company to use financing for strengthening verticals and get more customers

Tredence, a data science and artificial intelligence solutions company, said on Friday it has raised $175 million in funding from Advent International to expand business.

Advent will acquire a minority stake in Tredence. The full financial terms and details of the agreement have not been disclosed.

Private equity firm Chicago Pacific Founders (CPF), an existing investor, will continue to be "a meaningful shareholder", said Tredence. CPF invested in Tredence in December 2020.

Tredence said the Series B funding will be used for growth, strengthening verticals and get more customers.

“Advent’s global reach, deep sector expertise, and vast experience in scaling