Tredence Analytics raises $30 million from Chicago Pacific Founders

Big data analytics Tredence Analytics Solutions has raised $30 million from private equity firm Chicago Pacific Partners for a minority stake, valuing the Bengaluru and Bay Area startup at $100 million, its co-founder Shashank Dubey told ET.

Tredence, which has been Bootstrapped so far, offers a consulting led implementation of AI solutions and counts global retailers as its clients. The funds will be used for expansion into newer markets such as Europe, Australia and China and beefing up its delivery team in India. Trendence employs 650 employees, of whom 500 are in Bengaluru, delivering services for its clients.