Jerusalem Venture Partners (“JVP”) led the spherical to gas Pyramid Analytics’ progress and assist the analytics firm obtain a management place within the enterprise enterprise intelligence class. Pyramid broadcasts 2019 file yr, signing up a whole lot of recent clients and asserting strategic relationships with main companions.
Today, greater than ever, Pyramid Analytics’ providing is a mission-critical platform for organizations navigating by means of well being and monetary turmoil.
SEATTLE, NEW YORK & JERUSALEM–(BUSINESS WIRE)–March 26, 2020–
Pyramid Analytics, the next-generation enterprise intelligence (BI) platform for the enterprise, immediately introduced that it has closed a funding spherical of $25 million, led by Jerusalem Venture Partners (JVP), to gas Pyramid Analytics’ progress. Participation on this spherical additionally included present buyers Sequoia Capital, Viola Growth, and Maor Investments. The spherical will probably be used to develop Pyramid Analytics’ international footprint, deepen strategic alliances with companions, and assume a management place out there. The funding confirms the worth of Pyramid’s main enterprise-grade, cross-department analytic platform, which is mission vital in occasions of disaster. Pyramid Analytics’ enterprise-grade platform may be deployed immediately throughout the group to offer organizations rapid visibility into their operational information to react shortly to dramatic enterprise adjustments.
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Pyramid is a whole enterprise analytics platform that allows you to use your present information know-how, infrastructure, and sources. It permits you to apply machine studying, construct fashions, discover enterprise issues, current analytic content material, and share information insights throughout the enterprise. And it permits you to do all of it, at scale, with out dropping important oversight and management. (Photo: Business Wire)
Erel Margalit, founder and chairman of JVP, mentioned: “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 $4bn. 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 will lead to Pyramid Analytics becoming the next category leader.”
“We are thrilled to have JVP as an investment partner to help fuel Pyramid’s growth,” mentioned Omri Kohl, co-founder and CEO, Pyramid Analytics. “JVP rightly sees the importance of enterprise-ready self-service BI, which can serve as a financial vaccine in uncertain economic times. 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.”
This spherical of financing comes as Pyramid Analytics expands its place as an impartial key participant in an area that has seen main market consolidation. Today, Pyramid is essentially the most feature-rich, enterprise-ready analytics platform in the marketplace. Pyramid options full self-service BI capabilities, together with a strong end-user ETL, augmented information discovery and visualization capabilities, and shows and report bursting. It permits customers of all talent ranges to shortly share insights from any browser or device-while preserving information governance and safety. Pyramid permits organizations to leverage their present information structure on-premises, within the cloud, or throughout a hybrid setting.
“We believe the enterprise BI sector is ripe for disruption, once again. While we’ve seen successful add-on technologies-specifically around visualization, desktop tools, and the individual knowledge workers-the core of the enterprise BI sector has remained stagnant, monolithic, and antiquated,” mentioned Yoav Tzruya, General Partner at JVP. “We’re impressed by Pyramid’s achievements over the last few years-customer wins, sales cycle, partner engagement, and growth. We are thoroughly excited to build the next category leader.”
In 2019, Pyramid targeted on augmented analytics, product flexibility, and ease of deployment. In addition to ETL instrument upgrades, Pyramid added integration capabilities for patrons on SAP, together with SAP BW. Through all of it, Pyramid has targeted on buyer expertise and ease of use so the platform can be utilized throughout the group.
Pyramid Analytics achieved an “extraordinary” 68 primary placements and an extra 108 main positions in The BI Survey 19 from analyst agency BARC. Pyramid was named a top-ranked vendor in Dresner Advisory Services’ 2019 Technology Innovation Awards. Pyramid was additionally included on Gartner’s annual Magic Quadrant for Analytics and BI Platforms for the seventh straight yr.
About Pyramid Analytics
Pyramid Analytics is a world chief providing a enterprise intelligence and analytics platform that permits individuals-from energy customers to data employees to resolution makers-to rework their group right into a data-driven enterprise. To study extra, go to www.pyramidanalytics.com, observe us on Twitter @PyramidAnalytic, and join with us on LinkedIn.
Jerusalem Venture Partners (JVP), based and led by Dr. Erel Margalit, is an internationally famend enterprise capital fund. JVP has up to now raised $1.Four billion throughout 9 funds, and has been listed quite a few occasions by Preqin, and different rankings, as one of many top-ten persistently performing VC companies worldwide. JVP has constructed over 140 corporations, leveraging a broad community of companions and market experience to assist corporations turn out to be international market leaders. JVP was just lately chosen by New York City and EDC to steer the cyber safety cyber hub in NYC. Among the pioneering companies of the Israeli enterprise capital trade, JVP has been instrumental in constructing among the largest corporations out of Israel, facilitating 12 Initial Public Offerings on NASDAQ, together with CyberArk Software (NASDAQ: CYBR, $4.7 billion mkt. cap.), QLIK Technologies (NASDAQ: QLIK, then $Four billion mkt. cap.), and Cogent Communications (NASDAQ: CCOI, $three billion mkt. cap.) and extra.
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Peter Vomocil, VP Global Marketing,