ATLANTA, Georgia – RightData, a leading data-focused infrastructure software company, announced today that it has successfully closed a $6 million Series A investment from Level Equity, a New York-based growth equity firm. These funds will be used by RightData for key hires, expand platform’s data integrations, quality, ML development, DataOps, MLOps features and for SaaS enablement.
“Since RightData’s inception in 2016, we have been able to generate outsized and capital efficient growth. Our partnership with Level Equity marks the start of our next phase of growth, which will benefit all our stakeholders, including customers and employees,” said Vasu Sattenapalli, CEO of RightData.
“Level Equity’s financial resources and experience supporting high-growth software businesses will enable us to rapidly invest more in our product, customer experience, and enhance our best-in-class product offering.”
“Our platform simplifies the complex modern data stack with its end-to-end no-code/low-code capabilities in the data space, covering various phases like data collection, preparation, transformation, analytics, data quality, ML development and deployment,” continued Sattenapalli.
“Customers, including Johnson & Johnson, P&G, and Walmart, will benefit from investments to expand data integrations, enhance product features, and grow customer support resources.”
Level Equity has extensive experience in supporting the growth of data and software companies, including HVR, Instaclustr, and CloudCheckr. “We are very excited about partnering with Vasu and the entire RightData team,” said Gautam Gupta, Partner at Level Equity.
“It is rare to see profitable and bootstrapped companies establish such deep blue-chip customer relationships so quickly. It’s a testament to RightData’s modern approach to data integration and devops products which have helped enterprises of all sizes manage their increasingly complicated data environments.”