Inc. Birst , the leading provider of agile business analytics, today announced the completion of a $26 million investment led by Sequoia Capital. Existing investors also include Hummer Winblad and DAG Ventures, which participated in the round Birst will use the new funds to further accelerate its rapid growth, continue to focus on innovation and product development, and expand to new markets.
Birst has grown considerably in the last year. The Company has more than doubled its revenues and increased its customer base by more than 40%, adding customers including Aruba Networks, en World Japan, Five9, Grupo Tress, Host Analytics, Motorola, oDesk, Saba, SunCap Financial and Swann Insurance, among others. Last year, Birst unveiled a number of industry-leading products and services, including the industry’s first SaaS-based BI appliance, the first in-memory database specifically optimized for analytics, the first cloud-based mobile business intelligence SDK for iPad, and support for Hadoop and Big Data analytics.
Simply put, Birst is emerging as the leader among the new generation of BI vendors—one that focuses on the ever-increasing demands of business today to make intelligent and easier sense of their growing data. With its unique ability to deliver on this promise, Birst has not only been able to meet but exceed market expectations. By lowering the acceptance barrier for customers and giving users the ability to easily handle big data like any other ordinary data set, Birst is gaining impressive momentum. Its unique ability to combine leading visualization with a robust data warehouse in a single, unified solution and deliver a flexible deployment model that allows customers to choose either cloud-based or appliance delivery with unique value that is unmatched within the BI marketplace.
“This is a very special time for us We founded Birst to change the way the world used and interacted with BI and to push the envelope of the possibility that we are witnessing great success,” said Brad Peters, CEO and co-founder of Birst. “This investment further enhances Birst’s ability to continue to drive innovation and expand our solution to new markets and new audiences. We’re thrilled to have world-class investors like Sequoia Capital on our side. “That’s right.
“We are pleased to expand our partnership with Birst as they continue to innovate and lead the way in a highly competitive business intelligence and analytics market,” said Doug Leone, partner at Sequoia Capital. “Birst is uniquely positioned to help companies make more sense of the ever-increasing amount of data in our world. “That’s right.
Birst is the leader in agile business analysis It offers a single location for managing all of your organization’s business analytics and agility to answer questions from departments, data sources and deployments across both public and private clouds. Birst gives users the quickest way to answer their most pressing business questions, and those they didn’t know how to ask. At one-third of the cost, time and staff of traditional large BI, Birst brings the benefits of analytics and fact-based decision-making to a much wider audience.
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