Data connectivity company CData Software raises $350 million in Warburg Pincus-led funding [Yahoo! Finance]
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The ODP Corporation (ODP)
Last the odp corporation earnings: 2/26 06:50 am
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Source: Yahoo! Finance
firm Warburg Pincus, as enterprises are processing more data than ever to support their AI strategies, the company told Reuters on Wednesday. CData did not disclose its valuation, but a source close to the deal said it was valued at over $800 million. Venture capital firm Accel also participated in the funding round. The company said it is growing by more than 40% year-over-year and expects to rake in $100 million in annual recurring revenue (ARR) by end of this year, drawing renewed interest from investors in funding fast-growing software companies. Founded in 2016, North Carolina-based CData offers self-service data products and connectivity solutions that enable access to real-time data from both on-premises and cloud applications. Its client list includes Salesforce, Office Depot and FedEx. The company intends to use the financing to accelerate investments in operations, product development and its go-to-market strategy. Updata Partners, a technology-focused growth equit
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ODP
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
- CData, which helps orgs use data across apps and to build AI models, snaps up $350M [TechCrunch]TechCrunch
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