Bime Analytics, a Montpellier, France and Kansas City, Missouri-based provider of cloud business intelligence solutions, raised $4m in Series A funding.
The round was led by Alven Capital Partners.
The company intends to use the funds to continue to enhance its cloud BI offering and expand sales globally, particularly in the US market.
Founded in 2009 by Rachel Delacour, CEO, and Nicolas Raspal, CTO, Bime Analytics provides a cloud BI platform that allows companies to query data sources across the entire web in real-time. The current version of the solution (BIME v5) consists of an HTML5 framework and an in-memory calculation engine. Its compression scheme allows more data to fit in-memory while saving compute time and offers smart automatic caching to serve assets and minimize database calls and processing.
The platform is available in four languages, including Chinese, and has customers from Brazil to Australia.
The company recently opened the first office outside of France in Kansas City, MO, with an initial team of seven employees, focusing on sales and support, and plans to accelerate headcount growth in 2014 and increase staff at its French headquarters as well.