# Tredence

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/tredence

- Industry: Software
- Headquarters: San Jose, US
- Website: www.tredence.com
- Total disclosed funding: $192M
- Latest round: Series B (Dec 22, 2022)
- Investors on record: 2

## About

Tredence Inc. is a US-based company specializing in data science and AI-driven analytics solutions, empowering enterprises with insights that facilitate actionable business strategies and operational excellence.Founded in 2013 and headquartered in San Jose, California, Tredence Inc. provides advanced analytics solutions. The company was established by Shashank Dubey, Shub Bhowmick, and Sumit Mehra, with Shub Bhowmick currently serving as CEO. Tredence has successfully completed two funding deals, with the most recent being a Series B round of USD 161.69 mn led by Advent International on December 22, 2022. This funding has contributed to a total amount raised of USD 161.69 mn and a current company valuation of USD 504.42 mn.Tredence specializes in data science and AI-driven analytics solutions, providing enterprises with a comprehensive suite of products designed to bridge the gap between insights and actionable outcomes. Their core offerings include full-stack AI/ML solutions tailored for retail and consumer packaged goods (CPG) sectors, enabling customers to transform data into actionable insights that drive growth. Additionally, Tredence's services encompass predictive and prescriptive analytics, supply chain optimization, and customer experience (CX) management solutions, powered by advanced data management capabilities and automation. The company serves a diverse client base, including major players in retail, healthcare, financial services, and industrials across North America, Europe, and Asia-Pacific, focusing on helping organizations achieve data-driven transformation and operational excellence.Tredence generates revenue primarily through B2B transactions, offering subscription-based services and partnerships that facilitate ongoing engagement with clients. Their business model revolves around delivering tailored analytics solutions and consulting services, which may include milestone-based pricing associated with project deliverables. Clients engage with Tredence on a contractual basis, often encompassing long-term engagements for continuous support and optimization of data initiatives. Flagship offerings, such as the Tredence Studio AI/ML Accelerator and other proprietary tools, form a vital part of their service portfolio, contributing to their revenue through structured service agreements and performance-based compensation. This transactional structure allows Tredence to align closely with client objectives, ensuring that both parties benefit from successful project outcomes.In December 2022, Tredence secured USD 161.69 mn in Series B funding led by Advent International, which will be utilized to accelerate their data offerings and expand into additional industries. The company plans to design and launch new products that enhance their analytics capabilities, although specific release dates are not disclosed. Additionally, Tredence aims to penetrate new markets, focusing on regions across North America, Europe, and Asia-Pacific by the end of 2024.

## Funding rounds

- Series B, Dec 22, 2022, $162M — Advent International
- Series A, Dec 9, 2020, $30M — Chicago Pacific Founders

## Investors

- Chicago Pacific Founders (https://capitalatlas.ai/funds/chicago-pacific-founders) — Series A
- Advent International (https://capitalatlas.ai/funds/advent-international) — Series B