Indian AI company Tredence raises $175m

Private equity firm Advent International to be represented on startup's board

20221226 Tredence

Indian startup Tredence intends to provide customers with more insight from data and analytics. (Source photos by Reuters and Tredence Facebook page)

PRAMUGDHA MAMGAIN, DealStreetAsia

NEW DELHI -- Data science and AI solutions company Tredence last week raised $175 million in its Series B round of funding from private equity firm Advent International, which has acquired a minority stake in the Bengaluru-based company.

As part of the transaction, Advent will be represented on the Tredence board.

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