Announced
Financials
Sources
Tags
Completed
Private Equity
Domestic
Private
Single Bidder
United States
IT Services: Other
advanced analytics
Minority
Venture Capital
machine learning
Acquisition
Friendly
Synopsis
Advent International, a private equity firm, led a $175m Series B round in Tredence, a data science and AI solutions company, with participation from Chicago Pacific Founders. “We are thrilled to welcome Advent as a partner to Tredence. 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. Tredence was founded to help clients solve some of the most complex challenges across industries through pragmatic innovation and continuous experimentation. CPF has been a value-added partner over the last few years, and we are excited to be joined by Advent on this journey," Shub Bhowmick, Tredence CEO.
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