Denodo, a Palo Alto, CA-based data management company, received a $336M investment From TPG Growth in a Series B preferred equity.
The transaction, which includes both primary capital and a secondary sale of shares by HGGC, is expected to close in early October following customary regulatory approvals. HGGC, which invested in Denodo’s Series A investment round in 2017, will remain a significant investor.
The company intends to use the funds to expand operations and its business reach.
Led by Angel Viña, CEO and Founder, Denodo provides a platform that features data integration, management, and delivery using a logical approach to enable self-service BI, data science, hybrid/multi-cloud data integration, and enterprise data services. It offers a common data layer for the intelligent management of the data traffic that flows from all data sources to the business users and software applications in an organization, helping customers to become more competitive through data utilization and compliance, and achieve an enhanced impact in operational efficiencies.
Denodo, a Palo Alto, CA-based data management company, received a $336M investment From TPG Growth in a Series B preferred equity. Best wishes to everyone in the group. This will be a huge accomplishment for them in the future.
Shishir Gupta, The Founder & CEO of StartupLanes
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