India: Advent invests $175m for minority stake in AI company Tredence

India: Advent invests $175m for minority stake in AI company Tredence

Photo by Ilya Pavlov

Data science and AI solutions company Tredence on Thursday announced that it has raised $175 million in its Series B round of funding from private equity firm Advent International. Advent has acquired a minority stake in the Bengaluru-based company.