Birst Inc., a provider of agile business analytics, has closed on a $26 million investment led by Sequoia Capital. Existing investors Hummer Winblad and DAG Ventures also participated in the round. Birst will use infusion for growth efforts, including continued product development.
CORRECTION: An earlier version of this story’s headline misstated how much Birst raised.
Birst Inc., the leading provider of agile business analytics, today announced that it has completed a $26 million investment led by Sequoia Capital. Existing investors also include Hummer Winblad and DAG Ventures who participated in the round. Birst will use the new funds to further accelerate its rapid growth, continue its focus on innovation and product development and expand into new markets.
Birst has grown considerably in the past year. The Company more than doubled its revenues and increased its customer base by more than 40 percent, adding customers including Aruba Networks, en World Japan, Five9, Grupo Tress, Host Analytics, Motorola, oDesk, Saba, SunCap Financial, and Swann Insurance, among others. In the last year, Birst unveiled multiple industry-leading products and services, including the industry’s first SaaS-based BI appliance, the first in-memory database optimized specifically for analytics, the first cloud-based mobile business intelligence SDK for the iPad, and support for Hadoop and Big Data analytics.
Simply put, Birst is emerging as the leader among a new generation of BI vendors-ones that focus on today’s ever-increasing demands by business to intelligently and more easily make sense of their growing data. With its unique ability to deliver on this promise, Birst has been able to not only meet, but exceed marketplace expectations. By lowering the adoption barrier for customers and giving users the capability to easily treat big data like any other ordinary data set, Birst is garnering impressive momentum. Its unique capability to marry leading visualization with a robust data warehouse in a single, unified solution and deliver via a flexible deployment model that allows customers to choose either cloud-based or appliance delivery offers unique value that is unmatched within the BI marketplace.
“This is an extraordinary time for us. We founded Birst to change the way the world used and interacted with BI and by pushing the envelope of possibility we are witnessing great success,” said Brad Peters, CEO and Co-Founder of Birst. “This investment furthers Birst’s ability to continue to drive innovation and expand our solution to new markets and new audiences. We are thrilled to have world-class investors such as Sequoia Capital by our side.”
“We are delighted to expand our partnership with Birst as they continue to innovate and lead the way in the highly competitive market of business intelligence and analytics,” said Doug Leone, partner at Sequoia Capital. “Birst is uniquely positioned to help companies more easily make sense of the ever-increasing amount of data in our world.”
Birst™ is the leader in agile business analytics. It offers a single place to manage all of your organization’s business analytics and the agility to answer questions spanning departments, data sources, and deployments-across both public and private clouds. Birst gives users the fastest way to answer their most pressing business questions, and, the ones they didn’t know to ask. At one-third the cost, time, and staff of traditional big BI, Birst brings the benefits of analytics and fact-based decision-making to a much broader audience.DON'T MISS IT! Now in its 10th year, PartnerConnect Midwest is bringing you 300 attendees, over 400 private ExecConnect meetings between LPs and GPs, and three insightful tracks including Buyouts Funds, Buyouts Deals and Co-Investments. REGISTER TODAY!