The new capital will fuel further growth, international outreach, sales and marketing as well as development of product capabilities. This round, pointed out by the CEO to be the last before it goes public, takes up the total funding received by the company so far, to a total of $156 million.
Jay Larson, CEO of Birst notes: “Birst is the only company that provides a BI platform with the capability of the legacy providers as well as the speed and agility of desktop discovery products. Our unique two-tier data architecture provides a unified approach to BI, unifying enterprise data from across the company and delivering it to business users with the consistency and security that IT demands.”
Earlier last week, Looker, the SaaS BI platform that assists data analysts to create and curate custom data experiences, scooped up $30M in Series B.
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However, unlike Looker, the patent-pending 2-tier data analytics and BI platform lets enterprises “create a trusted source of data, place it in the context of key business users,” then allowing business users at multiple levels within the organization to report and analyze the information using their BI tools.
The investment was led by Wellington Management Company LLP with participation from existing investors including Sequoia Capital, Hummer Winblad, DAG Ventures and Northgate Capital.
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