Business Intelligence Firm Pyramid Analytics Raises $120M

George T. Taft

Israeli final decision intelligence platform supplier Pyramid Analytics, announced on Monday the completion of a $120 million Sequence E funding round to finance the company’s continued innovation edge and hyper-progress. 

The round was led by worldwide investment organization H.I.G. Advancement, together with participation from insurance and money products and services supplier Clal Insurance plan Enterprises Holdings, investment decision companies Kingfisher Cash and General Oriental Investments, and prior buyers JVP, Maor Investments, Sequoia Cash, and Viola Advancement. 

The new cash brings Pyramid Analytics’ whole funding to just more than $200 million.

In addition to augmenting its analytics capabilities, Pyramid Analytics will allocate its hottest funds in the direction of increasing its world geographic presence and variety partnerships with appropriate tech companies, impartial computer software distributors (ISV), consulting firms, and benefit-included resellers (VAR), and programs integrators (SI). The firm also aims to hire a broad vary of skilled staff for its internet marketing, sales, software program engineering and enhancement, and consumer success departments to eventually enhance client experience. 

Founded in 2009, Pyramid Analytics is an business business intelligence and info analytics software program business that is pioneering selection intelligence, an engineering discipline developed to speed up insights, scale adoption, and simplify analytics. The Pyramid Conclusion Intelligence Platform brings together info prep, organization analytics, and information science with AI guidance in a single ecosystem, which decreases charge and complexity. Far more than 1 million final decision-makers rely on Pyramid to make quicker, much more smart conclusions. Pyramid Analytics has regional places of work in world wide innovation and enterprise facilities in Amsterdam, London, New York Metropolis, and Tel Aviv.

“I am gratified and humbled by the self confidence some of the world’s finest technologies buyers have exhibited in Pyramid the technological know-how, organization, and people today,” reported Omri Kohl, co-founder and CEO of Pyramid Analytics. “Overwhelming fascination from the enterprise money group underscores the value of the issues we help our customers clear up and the improvements we introduced to help enterprises in methods BI tools and legacy analytics could not. This milestone is a testomony to the intellect and hard operate of our personnel throughout the world, commitment of our companions, and rely on and advocacy of our consumers. All factors are in area to velocity Pyramid down the route to remaining the up coming enterprise analytics chief.” 

“The Pyramid Final decision Intelligence System upended analytics and company intelligence (ABI) by redefining what is achievable when the electrical power of knowledge insights is accessible to all people,” reported Scott Hilleboe, co-head of H.I.G. Growth Partners. “H.I.G. is fired up to spouse with Pyramid in their future phase of development. Pyramid drives exceptional ROI to consumers by empowering them to make more rapidly, a lot more intelligent selections leveraging sophisticated analytics and knowledge insights.

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