With Advent Int on board, Tredence eyes $500 mn in revenue by 2026

Tredence is looking at Advent International to not only grow geographically but also support them in expanding into new verticals like healthcare, life inorganic sciences, and insurance

At a time when startups are struggling to get new funding, AI-backed data analytics firm Tredence went on to raise $175 million (around Rs 1,435 crore) in series B funding from private equity (PE) player Advent International.

Shashank Dubey, co-founder and chief revenue officer, Tredence says that a major part of this fundraising happened because of the fact they chose to raise it from a PE player rather than the venture capital (VC) funds. The recent funding has valued the company at $500 million.

“We are at a stage where we want to consolidate and scale our business to become