Business intelligence Startup Pyramid Analytics Raises $25 Million In Growth Funding

Business intelligence Startup Pyramid Analytics Raises $25 Million In Growth Funding

by NeoTech Post

Pyramid Analytics, a business intelligence platform for the enterprise, has closed a $25 million growth equity funding round, led by Jerusalem Venture Partners.

Existing investors Sequoia Capital, Viola Growth, and Maor Investments also participated in the funding round.

The company plans to use the new funds to expand its global footprint and deepen strategic alliances with partners. 

The Pyramid analytics platform features complete self-service BI capabilities, including an end-user ETL, augmented data discovery and visualization capabilities, and presentations and report bursting. It allows users of all skill levels to quickly share insights from any browser or device – while preserving data governance and security. 

Erel Margalit, founder and chairman of Jerusalem Venture Partners, said:” Investing in companies in the AI and BI domains is part of our strategy, and Pyramid Analytics is bringing breakthrough developments to these markets. Ten years ago, we were QlikTech’s leading investors and took it, along with its management team, to become a successful NASDAQ IPO, with annual sales of hundreds of millions of dollars and an overall valuation of $4 billion.”

“Our investment in Pyramid represents a continuation of the strategy to invest in companies that take the BI industry forward. Pyramid Analytics is enabling the world’s largest companies to analyze information in a modular, smart, easy, and fast way. Pyramid delivers ease of use, similar to departmental tools like Qlik and Tableau, side by side with enterprise readiness, similar to SAP. The successful combination of groundbreaking technology and experienced entrepreneurs with a proven track record, denotes a great opportunity that we are proud to be a part of, and lead to become the next category leader”.