Pyramid Analytics Funding: Analytics and BI Provider Nabs $25 Million

Source: Pyramid Analytics on YouTube

Pyramid Analytics has announced a Series C funding round worth $25 million, according to a press release on the company’s website. The Pyramid Analytics funding was led by Jerusalem Venture Partners with participation from existing investors. Pyramid will use the capital to enhance its global footprint, expand strategic alliances with partners, and become a major player in analytics and BI.

The funding comes after Pyramid unveiled its new Pyramid v2020 platform in September. The update was highlighted by a focus on ease of use, which can be seen via the tool’s simplified user interface. Pyramid v2020 includes more than 150 new enterprise features in total, with the most notable being Analytics for Everyone. Analytics for Everyone provides two new discovery environments that compliment the existing Discover mode. Learn more about Pyramid v2020 in the vendor’s blog.

The solution touts a server-based, multi-user analytics OS environment that provides self-service capabilities. Pyramid v2020 features a platform-agnostic architecture that allows users to manage data across any environment, regardless of technology. The tool enables those users to prepare, model, visualize, analyze, publish, and present data from web browsers and mobile devices.

In a media statement about the news, Pyramid Analytics co-founder and CEO Omri Kohl said: ” Since Pyramid released its completely redesigned application in late 2017, we’ve acquired hundreds of new customers and developed an ever-growing list of strategic partners, resellers, and leaders in the data implementation market. While other BI companies have focused on developing market awareness, we’ve taken a product-first approach to our go-to-market strategy. Our strategy emphasizes true enterprise BI capabilities that are highly flexible and scalable. Now, with this funding, we’re ready to share our story. It’s an exciting time for Pyramid and our customers.”