Business Analytics Firm Pyramid Raises $120m

Dutch firm Pyramid Analytics has raised $120m in a Series E round of funding, which it says it will use to continue developing its decision intelligence platform, expand its global presence, and capture a larger share of the big data and business analytics market.

Pyramid, which is headquartered in Amsterdam and also has operations in London, New York City and Tel Aviv, combines data preparation, business analytics and other data science with artificial intelligence in a single self-service platform. The firm claims to provide instant access to any data at any scale, helping automate the decision-making process for any person and any analytics need.

The oversubscribed round was led by H.I.G.Growth Partners, with participation from of Clal Insurance Enterprises Holdings, Kingfisher Capital, and General Oriental Investments, as well as early investors JVP, Maor Investments, Sequoia Capital and Viola Growth. Pyramid's total raised to date now stands at $211m.

Pyramid CEO and co-founder Omri Kohl (pictured) comments: 'I am gratified and humbled by the confidence some of the world's best technology investors have exhibited in Pyramid; the technology, company, and people. Overwhelming interest from the venture capital community underscores the importance of the problems we help our customers solve and the innovations we introduced to help enterprises in ways BI tools and legacy analytics could not'.

Web site: www.pyramidanalytics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.