Tredence, a data science and artificial intelligence (AI) solutions company raised $175 million in Series B funding from Advent International to accelerate data-fueled growth and AI value realisation for industries. The entire financial terms of the agreement have not been disclosed.

Through this deal, Advent will acquire a minority stake in Tredence. In December 2020, it bagged $30 million in investment from Chicago Pacific Founders (CPF). The company holds a ‘meaningful’ stake in the Bengaluru-based start-up. 

Set up in 2013 by Shub Bhowmick, Sumit Mehra and Shashank Dubey, the company claims to provide a different approach to data analytics through tailor-made solutions to customers. Additionally, it aims to bridge the gap between insight delivery and value realisation. 

“Advent’s global reach, deep sector expertise, and vast experience in scaling businesses like ours through organic and inorganic growth will be invaluable to us as we look to drive continued business innovation,”  Shub Bhowmick, CEO of Tredence, said. 

Addressing their decision to invest in the start-up, Shweta Jalan, managing partner (MP) at Advent International in India, said, “Tredence has built the business with deep domain expertise that positions it well to become a category-defining leader in the space. We are very excited to partner with Tredence in the next chapter of growth as they build a $500 million revenue organization.”   

"Tredence is leading the way in designing data analytics strategies, uncovering actionable insights, and implementing outcomes-based AI engagement models for clients," Mary Tolan, founder and MP at CFP told.