Data connectivity provider CData Software raises $350M in growth equity financing led by Warburg Pincus.

Data connectivity solutions provider CData Software has raised $350 million in growth equity financing led by U.S. private equity firm Warburg Pincus. CData offers self-service data products and connectivity solutions, enabling access to real-time data from on-premises and cloud applications. Founded in 2016, the North Carolina-based company expects to achieve $100 million in annual recurring revenue (ARR) by the end of this year.