Top 7 Big Data and Analytics Funding Rounds of 2020 (So Far)

Big information and analytics funding rounds are more and more widespread in what has develop into a really aggressive vendor panorama. Our editors compiled this record of the highest large information and analytics funding rounds up to now in 2020.

Big information is large enterprise, and {the marketplace} for information and analytics software program is gushing with progressive choices to assist organizations flip information into an data asset. Proliferation within the large information options house has seen a vibrant know-how panorama develop even brighter, with a number of curiosity from exterior companies to get in on the motion. With billions invested and trillions in valuation, information and analytics suppliers are starting to emerge as among the fastest-growing firms on the planet. With this in thoughts, our editors have compiled this record of the highest large information and analytics funding rounds of 2020 up to now.

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Sisense ($100M, January)

The January funding round brings the corporate’s complete raised to $274 million since its founding in 2004. Sisense will use the injection to bolster its gross sales, advertising and marketing and software program growth groups to extend its market presence and improve the Sisense Platform. Sisense recently announced new superior analytic functionalities, representing the primary product integration since its acquisition of Periscope Data in May. The integration brings forth Sisense Forecast, Sisense Quest, and three new capabilities for embedded BI.

Snowflake ($479M, February)

The funding round was led by new traders Dragoneer Investment Group and Salesforce Ventures, and raises the cloud information platform supplier’s valuation to $12.four billion. The injection and partnership with Salesforce will allow Snowflake to strengthen its market place within the information administration house. According to information from Crunchbase, this represents Snowflake’s third funding spherical since January 2018 when the company secured $263 million. Snowflake adopted that up with $450 million in additional funding in October.

Dremio ($70M, March)

The spherical was led by Insight Partners with participation from present traders. The Dremio funding will allow the corporate to proceed to put money into expanded product capabilities, in addition to scale its go-to-market and engineering operations across the globe. The capital injection comes after a document yr for Dremio, as the information lake instruments supplier grew its income greater than three-and-a-half occasions and partnered with lots of the world’s Global 2000 firms. Dremio was additionally just lately included amongst CRN’s 100 Coolest Cloud Companies of 2020, an annual record that honors the premier cloud know-how suppliers in key classes.

Pyramid Analytics ($25M, March)

The Pyramid Analytics funding was led by Jerusalem Venture Partners with participation from present traders. Pyramid will use the capital to boost its international footprint, broaden strategic alliances with companions, and develop into a major player in analytics and BI. The funding comes after Pyramid unveiled its new Pyramid v2020 platform in September. The replace was highlighted by a give attention to ease of use, which will be seen through the software’s simplified person interface. Pyramid v2020 contains greater than 150 new enterprise options in complete, with essentially the most notable being Analytics for Everyone.

Collibra ($112.5M, April)

The funding comes at a post-money valuation of $2.three billion and brings Collibra’s total capital raised to greater than $335 million over 6 rounds since its founding in 2008. The spherical was led by present traders and can allow Collibra to assist its 450 clients through a collection of merchandise that help with information privateness, safety and compliance. The Collibra funding information comes on the heels of the corporate’s January release of Collibra Lineage, a knowledge lineage software that permits organizations to know the place information comes from and the way it flows and transforms throughout the enterprise. The launch of Collibra Lineage marked the primary formal integration after Collibra acquired SQLdep in July of 2019.

Domino Data Lab ($43M, June)

Domino’s June reveal of Domino Model Monitor, replace to Domino Data Science, and $43 million-dollar funding round represented a significant milestone for the superior analytics supplier. The Series E funding spherical brings the corporate’s complete raised to $128 million since its founding in 2013. The spherical was led by Highland Capital Partners with participation from new and present traders. It’s the second funding spherical for the information science answer supplier within the final 24 months.

Fivetran ($100M, July)

The Series C funding round brings Fivetran’s complete funding earned to greater than $163 million since its founding in 2012, and contains each new and present traders. Fivetran will use the capital to hasten adoption within the enterprise and across the globe. The information represents Fivetran’s second funding spherical within the final calendar yr after it secured $44 million in Series B final September. That spherical was designed to assist the Oakland-based vendor advance automated companies to extra sources and locations and scale operations. The Series C funding additionally comes on the heels of the discharge of Fivetran Transformations with in-Warehouse Data Change and the launch of Powered by Fivetran.

Timothy King

Timothy is Solutions Review’s Senior Editor. He is a acknowledged thought chief and influencer in enterprise BI and information analytics. Timothy has been named a high international enterprise journalist by Richtopia. Scoop? First preliminary, final identify at solutionsreview dot com.

Timothy King

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