Funds for British Open Source BI Firm Lightdash

London-based open-source business intelligence platform Lightdash has raised $11m in a series A investment round, for use in recruitment across multiple teams, and continued development of its tools including new AI Analyst and Data Catalog features.

Lightdash was founded in 2021 by CEO Hamzah Chaudhary and CTO Oliver Laslett. The company aims to give client data teams 'a single source of truth for all their data', including a self-service BI experience allowing users explore data, share it with their teammates, and embed analytics for their customers. With rapid expansion in the user base, the firm says more than 80% of daily active users are now non-data team members answering their own questions.

The round was led by Accel, with new investors Shopify Ventures and Operator Partners joining, and continued participation from Y Combinator and Moonfire, plus a number of angel investors.

The new AI Analyst service, set up 'in minutes', allows users to chat with their data in natural language and receive curated insights relevant to their work; while the upcoming Data Catalog feature will help teams to quickly find the relevant metrics and KPIs to their work to start exploring.

The firm, which is hiring for roles in the US and Europe across engineering, marketing, analytics engineering and sales, is online at www.lightdash.com .