Business Intelligence Firm Pyramid Analytics Raises $120M

Lisa R. Parker

Israeli selection intelligence system company Pyramid Analytics, introduced on Monday the completion of a $120 million Series E funding spherical to finance the company’s continued innovation gain and hyper-progress. 

The spherical was led by world-wide financial investment business H.I.G. Progress, together with participation from insurance policy and economic expert services provider Clal Coverage Enterprises Holdings, expenditure companies Kingfisher Capital and Basic Oriental Investments, and prior investors JVP, Maor Investments, Sequoia Capital, and Viola Progress. 

The new cash delivers Pyramid Analytics’ overall funding to just over $200 million.

In addition to augmenting its analytics capabilities, Pyramid Analytics will allocate its most up-to-date funds in direction of growing its global geographic presence and sort partnerships with appropriate tech corporations, independent computer software distributors (ISV), consulting corporations, and worth-extra resellers (VAR), and devices integrators (SI). The enterprise also aims to employ a broad assortment of skilled personnel for its advertising and marketing, income, application engineering and advancement, and customer achievement departments to finally strengthen shopper knowledge. 

Launched in 2009, Pyramid Analytics is an company enterprise intelligence and details analytics software program corporation that is groundbreaking final decision intelligence, an engineering discipline designed to velocity up insights, scale adoption, and simplify analytics. The Pyramid Final decision Intelligence Platform brings together information prep, business analytics, and information science with AI assistance in a solitary ecosystem, which decreases expense and complexity. Far more than a single million selection-makers count on Pyramid to make more rapidly, additional smart conclusions. Pyramid Analytics has regional places of work in world-wide innovation and organization centers in Amsterdam, London, New York City, and Tel Aviv.

“I am gratified and humbled by the self-confidence some of the world’s greatest technological innovation investors have exhibited in Pyramid the know-how, firm, and individuals,” reported Omri Kohl, co-founder and CEO of Pyramid Analytics. “Overwhelming desire from the undertaking funds local community underscores the significance of the complications we assist our buyers remedy and the improvements we released to support enterprises in strategies BI instruments and legacy analytics could not. This milestone is a testament to the intellect and hard get the job done of our staff throughout the globe, motivation of our partners, and belief and advocacy of our clients. All elements are in spot to pace Pyramid down the path to becoming the following enterprise analytics leader.” 

“The Pyramid Determination Intelligence Platform upended analytics and company intelligence (ABI) by redefining what’s possible when the electric power of info insights is out there to anyone,” said Scott Hilleboe, co-head of H.I.G. Growth Companions. “H.I.G. is thrilled to husband or wife with Pyramid in their next stage of progress. Pyramid drives extraordinary ROI to prospects by empowering them to make more quickly, much more intelligent selections leveraging state-of-the-art analytics and info insights.

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