CData, which helps orgs use data across apps and to build AI models, snaps up $350M [TechCrunch]
The ODP Corporation (ODP)
Last the odp corporation earnings: 2/26 06:50 am
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Source: TechCrunch
out there for those building tools that enable working with data-heavy apps like AI in the first place – especially for organizations that may still have one foot (or both feet) in the legacy data camp. In one of the latest examples of that, a data connectivity solutions provider called CData has picked up a whopping $350 million in growth capital. Sources close to the company have confirmed to TechCrunch that the money is coming in at a valuation of over $800 million post money. CData now has around 7,000 large enterprise customers, many of which are not technology companies but lean on tech heavily in their work. (They include big healthcare providers, Office Depot, Holiday Inn, and so on.) CData builds connectors for enterprises to stitch together data from different applications – and different locations, not just in the cloud – more easily. More recently the company's tooling has had a boost of demand from customers keen to get in on the AI rush, using CData to build propriet
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News
- Why ODP Corp. (ODP) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- Why This 1 Momentum Stock Could Be a Great Addition to Your Portfolio [Yahoo! Finance]Yahoo! Finance
- Why ODP Corp. (ODP) Outpaced the Stock Market Today [Yahoo! Finance]Yahoo! Finance
- CData Software Secures ~$350 Million in Strategic Growth Funding as AI Proliferation Sparks Increased Need for Data Connectivity [Yahoo! Finance]Yahoo! Finance
- Data connectivity company CData Software raises $350 million in Warburg Pincus-led funding [Yahoo! Finance]Yahoo! Finance
ODP
Earnings
- 5/8/24 - Miss
ODP
Sec Filings
- 6/24/24 - Form 8-K/A
- 6/12/24 - Form 4
- 6/12/24 - Form 4
- ODP's page on the SEC website