“We believe the enterprise BI sector is ripe for disruption, once again. Pyramid allows organizations to leverage their existing data architecture on-premises, in the cloud, or across a hybrid environment. It allows users of all skill levels to quickly share insights from any browser or device-while preserving data governance and security. Pyramid features complete self-service BI capabilities, including a robust end-user ETL, augmented data discovery and visualization capabilities, and presentations and report bursting. Today, Pyramid is the most feature-rich, enterprise-ready analytics platform on the market. This round of financing comes as Pyramid Analytics expands its position as an independent key player in a space that has seen major market consolidation. It’s an exciting time for Pyramid and our customers.” Now, with this funding, we’re ready to share our story. Our strategy emphasizes true enterprise BI capabilities that are highly flexible and scalable. While other BI companies have focused on developing market awareness, we’ve taken a product-first approach to our go-to-market strategy.
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. “JVP rightly sees the importance of enterprise-ready self-service BI, which can serve as a financial vaccine in uncertain economic times. “We are thrilled to have JVP as an investment partner to help fuel Pyramid’s growth,” said Omri Kohl, co-founder and CEO, Pyramid Analytics. 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 will lead to Pyramid Analytics becoming the next category leader.” Pyramid delivers ease of use, similar to departmental tools like Qlik and Tableau, side by side with enterprise readiness, similar to SAP. Pyramid Analytics is enabling the world's largest companies to analyze information in a modular, smart, easy, and fast way. Our investment in Pyramid represents a continuation of the strategy to invest in companies that take the BI industry forward. 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 $4bn. Pyramid Analytics’ enterprise-grade platform can be deployed instantly across the organization to give organizations immediate visibility into their operational data to react quickly to dramatic business changes.Įrel Margalit, founder and chairman of JVP, 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. The investment confirms the value of Pyramid’s leading enterprise-grade, cross-department analytic platform, which is mission critical in times of crisis. The round will be used to expand Pyramid Analytics’ global footprint, deepen strategic alliances with partners, and assume a leadership position in the market. Participation in this round also included existing investors Sequoia Capital, Viola Growth, and Maor Investments. SEATTLE, NEW YORK & JERUSALEM-( BUSINESS WIRE)-Pyramid Analytics, the next-generation business intelligence (BI) platform for the enterprise, today announced that it has closed a funding round of $25 million, led by Jerusalem Venture Partners (JVP), to fuel Pyramid Analytics’ growth.
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