‘Decision intelligence’ platform Pyramid Analytics raises $120M

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Pyramid Analytics, a so-called “decision intelligence” platform that powers large info analytics for firms harking back to Dell, Deloitte, and Volkswagen, has raised $120 million in a group E spherical of funding.

Primarily based in 2008, Pyramid Analytics touts its “subsequent know-how” enterprise analytics smarts that transcend standard enterprise intelligence (BI) devices harking back to Tableau and Microsoft Power BI by leveraging AI and a fully-integrated toolset that mixes info prep, analytics, and knowledge science for anyone in a corporation to derive insights from.

Pyramid’s large pitch is that its no-code technique permits non-technical clients inside a corporation to look out options to sophisticated enterprise questions, which contains assist for natural-language queries and AI-powered analysis that “works immediately in opposition to the data provide” with out first having to ingest the data, primarily based on the company.

So which signifies that someone preparing a product sales report, as an illustration, can request info components harking back to “current product sales by occupation and marital standing,” with out leaping by hoops.

Pure language queries in Pyramid

The Pyramid Platform ships with a bunch of pre-built integrations out-the-box, along with SAP, Snowflake, and BigQuery, whereas it packs built-in “extract, transform, load” (ETL) efficiency to help firms collate and standardize their info from myriad sources.

Data intelligence

Gartner simply these days listed decision intelligence as one amongst its “excessive tech initiatives” for 2022, noting that it was a “novel new means for organizations to capitalize on fast-moving info and rapidly altering environments” — ultimately, it’s all about gaining a aggressive profit at a time when firms have way more info than they know what to do with. AI is the necessary factor ingredient in all of this, with Gartner noting that AI-enabled decision intelligence experience will seemingly be in place in one-third of all large organizations inside two years.

Quite a few firms are aligning themselves with the burgeoning decision intelligence movement, along with the likes of Sisu Data which simply these days closed a $62 million spherical of funding, and Peak, which raised $75 million. Pyramid Analytics, for its half, had beforehand raised spherical $91 million from notable backers along with esteemed Silicon Valley VC company Sequoia Capital, and with one different $120 million throughout the monetary establishment, the company is well-financed to alter into what it calls the “subsequent analytics chief.”

The company hasn’t revealed a valuation at this spherical of funding.

“The value we’re focused on is the extremely efficient, differentiated price that we ship to Pyramid prospects and companions. This consequence is our priority,” a spokesperson suggested VentureBeat. “This Sequence E funding spherical locations Pyramid on an accelerated path to alter into the following analytics chief. The $120 million spherical will seemingly be strategically invested to drive hyper growth by accelerating the company’s first-mover profit in augmented analytics and determination intelligence.”

Pyramid Analytics’ assortment E spherical of funding was led by H.I.G. Progress Companions, with participation from Sequoia Capital, JVP, Maor Capital, Viola Progress, Clal Insurance coverage protection Enterprises Holdings, Kingfisher Capital, and Frequent Oriental Investments.

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