Pyramid Analytics, an Israeli startup that offers a business analytics platform, raised $120 million in a Series E round of funding led by H.I.G. Growth Partners. With this new round of funding Pyramid has now raised a total of $211 million in investments to date.
Founded in 2008 by CEO Omri Kohl, CTO Avi Perez and Herbet Hochman, Pyramid Analytics declares that its Decision Intelligence Platform delivers a “frictionless decision-making environment that tames the chaos” created by data silos and a proliferation of self-service analytics tools. By uniquely combining Data Prep, Business Analytics, and Data Science with AI guidance in a single environment, the Pyramid Platform, says the company, reduces cost and complexity while accelerating growth and innovation. This enables a strategic, organization-wide approach to Business Intelligence and Analytics. More than 1 million decision-makers rely on Pyramid to make faster, more intelligent decisions.
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Pyramid Analytics explains that Decision Intelligence is the fast-emerging, next big innovation in analytics that will accelerate data-driven transformation. There is more data available for analytics than ever before. More people are interested in making decisions with data. More sophisticated analytics are in demand, it says.
Decision Intelligence is designed to speed up insights, scale adoption, and simplify analytics. More people want and require access to data to make faster, more intelligent decisions. These include internal and external non-technical stakeholders. Decision Intelligence empowers anyone to make faster, more intelligent decisions.
“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,” said Omri Kohl, Co-Founder of Pyramid analytics.
Kohl went on to describe the fundraising round as a testament to the intellect and hard work of Pyramid Analytics’ employees as well as the trust and advocacy of its customers. “All elements are in place to speed Pyramid down the path to being the next enterprise analytics leader,” he declared.