Omni, a San Francisco, CA-based provider of a business intelligence platform, raised additional $20M in funding.
The round was led by Theory Ventures.
The company intends to use the funds to continue to build its platform.
Led by CEO Colin Zima, Omni provides an intelligence platform that combines a shared data model with SQL. Late last year, the company launched its second core product, embedded analytics, to make it easier for companies to add data into their product. This month, they announced Calculations AI, which uses an LLM to inject spreadsheet-style formulas directly into Omni tables.
Companies across the globe, including The Rounds, Ascend, Rose Rocket and Ubaq, use it to:
- Increase data access and self-service.
- Reduce software costs.
- Save technical resources.
Commenting on the news, Colin Zima said: “Until now, BI tools have forced you to choose between a governed tool that provides consistent metrics or a flexible one that makes it easier for everyone to use data. You never get both without buying multiple tools, which defeats a lot of the purpose. We built Omni so you don’t have to compromise. Everyone should be able to trust and use their data.”
FinSMEs
15/03/2024