Pyramid Analytics, a decision intelligence platform provider, has closed a Series E funding round of $120m, exceeding the target by $20m.
The round brings the company’s total venture capital raised to more than $211m. It was led by H.I.G. Growth Partners, the dedicated growth capital investment affiliate of H.I.G. Capital. The round also saw participation from Clal Insurance Enterprises Holdings, Kingfisher Capital, and General Oriental Investments. Early investors who participated in this round also included JVP, Maor Investments, Sequoia Capital, and Viola Growth.
Pyramid said decision intelligence is “what’s next in analytics.” The company delivers data-driven insights to facilitate faster and more intelligent decisions. It provides access to data, enables AI-guided governed self-service and serves any analytics need.
Pyramid said by uniquely combining Data Prep, Business Analytics, and Data Science with AI guidance in a single environment, the Pyramid Platform reduces cost and complexity while accelerating growth and innovation. This enables a strategic, organisation-wide approach to business intelligence and analytics.
Pyramid said the round will be invested to accelerate Pyramid’s first-mover advantage in augmented analytics capabilities and the decision intelligence category.
In an announcement on the company’s website, Omri Kohl, CEO and co-founder of Pyramid, said, “At no time in our company’s history have the stars aligned so perfectly. With a competent and experienced leadership team, a product team driving the development of our innovative Decision Intelligence Platform, a customer-focused Go-To-Market team, and investors who see the promise of our vision, technology, and market opportunity, the future is bright. Pyramid is poised to become the next big name in analytics.”
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