Pyramid Analytics Gets $120 Million, Promises to Expand Channel Partnerships

Pyramid Analytics just got $120 million in funding, which brings the company’s total venture capital raise to more than $200 million.

The funding round was led by H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital. Additional participation came from Clal Insurance Enterprises Holdings, Kingfisher Capital and General Oriental Investments. Early investors who participated in this new round are JVP, Maor Investments, Sequoia Capital and Viola Growth.

Pyramid will invest the $120 million to drive growth and make Pyramid​ the “next analytics leader,” the company said.

Decision Intelligence

Pyramid’s Omri Kohl

Omri Kohl is CEO and co-founder of Pyramid.

“I am gratified and humbled by the confidence some of the world’s best technology investors have exhibited in Pyramid. Overwhelming interest from the venture capital community underscores the importance of the problems we help our customers solve and the innovations we introduced to help enterprises in ways BI tools and legacy analytics could not. This milestone is a testament to the intellect and hard work of our employees across the globe, commitment of our partners, and trust and advocacy of our customers. All elements are in place to speed Pyramid down the path to being the next enterprise analytics leader.”

Pyramid is a decision intelligence platform provider, a next-generation business analytics for the enterprise. The company automates the decision-making process so people can make more intelligent decisions faster. By uniquely combining data prep, business analytics and data science with AI guidance in a single environment, Pyramid says its platform reduces cost and complexity while accelerating growth and innovation. This enables a strategic, organization-wide approach to business intelligence and analytics.

Allocation of Funds

Pyramid will allocate funds to:

H.I.G. Growth Partners’ Scott Hilleboe

Scott Hilleboe is co-head at H.I.G. Growth Partners.

“H.I.G. partners with industry-leading companies to drive transformative change. Pyramid is a model of transformation. The Pyramid Decision Intelligence Platform upended analytics and business intelligence (ABI) by redefining what’s possible when the power of data insights is available to everyone.”

He said H.I.G. is excited to partner with Pyramid in its next stage of growth.

“Pyramid drives exceptional ROI to customers by empowering them to make faster, more intelligent decisions leveraging advanced analytics and data insights. I’m thrilled to join the board of directors and to collaborate with an exceptional leadership team who have brought a truly innovative, differentiated technology to market.”