Employees of many companies are expected to make decisions by careful evaluation of data, but the tools they need are awkward, slow or – in some cases – do not exist.
This is, in keeping with (*69*), winter, CEO OmniBusiness Intelligence (BI) platform, which goals to help organizations simplify the way of working with data. Before the co -founder, Omni Winter led the Search Quality Team on Google and was the important analytical officer in the looker.
“Thanks to cloud data warehouses, such as Snowflake and Bigquery, older reliability is associated with modern scalability,” said TechCrunch winter. “However, tens of thousands of companies remain associated with outdated BI processes. Contemporary organizations require the agility of self -service analysis without prejudice for centralized control. This gap is a huge market chance – that’s why Omni was born. “
The OMNI platform allows users to launch ad hoc data evaluation and construction charts and reports, and also provides visualization tools with components comparable to hyperlinks, text and images.
In addition to the indicating interface and clicking for creating navigation inquiries and desktops, OMNI offers a layer of compatibility for Excel spreadsheets and formulas. It may also take a raw SQL, a language used to speak with databases and routinely analyze and restructure it in “modeled concepts”, which then grow to be available in the OMNI interface.
Winter added that products manufactured from OMNI, comparable to navigation desktops, will be introduced to other applications by integration.
“We’ve built Omni to accept a variety of things that you must have in common with BI,” he said. “It is easy enough to quickly start with exploration and navigation desktops, but flexible enough to support deep adjustment and sophisticated data models as your needs evolve.”
Although today there is no shortage of BI tools on the market, Omni managed to develop customer base to over 200 companies, including embarrassment, Buzzfeed, Writer and Incident.io. Winter said that annual repetitive revenues increased to almost $ 10 million and expects this number to be triple this yr.
Winter said that investors would gladly enter the motion, which led to omni to boost sooner than “strictly necessary”. This month, the company closed the round of series B of $ 69 million, which was run by Iconiq Growth, and recorded participation from the theory of Ventures, First Round Capital, Redpoint Ventures, GV and Snowflake Ventures.
“We saw how other companies are raising – and burning – hundreds of millions [of dollars] Trying brutal growth strength, winter said. “We don’t work like that. Building all the pieces you would like in the BI tool is expensive because we compete with every essential BI tool from the last 40 years. Our growth was efficient and purposeful, which allows us to focus on research and development. ”
Winter said that the funds brought by San Francisco Omni raised as much as $ 97 million with a valuation of $ 650 million, will help omni to maintain the “gas foot” around the built -in analytical functionality and spreadsheet, and will allow him to “double” after employing in products and exit teams. Omni currently has 85 employees and expects the end of 150.
“We want to be well financed and control our own destiny,” said winter. “When [exit] It will derail the company’s mission, product development slows down, customer service experience, and magic disappears […] Our strategy was aggressive financing, but it seems that we could focus on the product without worrying about the runway. Our earlier successes also put us in able to think long -term. “