GenAI Projects to Fuel Growth for Tredence Over Next 5 Years

Data science and analytics firm Tredence, which recently became a unicorn and is valued at about $1.5 billion, is betting on the rapid adoption of generative artificial intelligence (GenAI) projects to fuel its growth over the next five years, the firm's cofounder Shashank Dubey said.

- AVIK DAS

"If you use the multiple from our Series B fund raise, whatever the math we used while raising at that time, the same factor multiplied with my current revenue will value us at about $1.5 billion," Dubey, who is also the head of analytics delivery, told Business Standard during an interaction.

Backed by Advent International and Chicago Pacific Founders, Tredence raised about $205 million in two founding rounds till 2022 and will not need fresh infusion till another two years as it remains cash positive.