Birst Inc., a provider of an enterprise-class cloud BI platform, announced it has completed a $38 million investment led by Sequoia Capital. All other existing investors participated in the round and were joined by new investors including Northgate Capital. The new funding will be used to further expand internationally, grow sales and marketing and invest in new product capabilities.
“Companies are drowning in data, and Birst is the lifeline that allows them to surface the information that really matters,” said Doug Leone, partner at Sequoia Capital, commenting on the investment. “We’re excited to continue to partner in their success.”
According to Birst, it is currently expanding into new markets in Europe, Asia and the Middle East. New customers include American Express, Build.com, Cisco, CSC, InterContinental Hotels Group, Ingram Medical, Johnson Controls, NCC Media, New South Wales Government, Nippon Life, Reckitt Benckiser (RB), Samsung, Schneider Electric, Sunny Delight, and Virgin HealthMiles. Additionally, Birst continues to expand its indirect embedded business, adding organizations such as FICO, Navis, OpenText, Trimble and Valen to a long list of leading software providers who rely on Birst to power the analytics within their solutions.
Birst also is continuing to expand its global partner ecosystem and in 2013 has added new solution provider partnerships, including firms such as Acumen, Analytics8, Audaxium, CorSource, Eagle Creek, The Pedowitz Group, Projectline, TeleTech and 3Coast. Moreover, new strategic alliances were formed with Amazon, NetSuite, and Marketo.
Birst was named to the Database Trends and Applications “DBTA 100” The 100 Companies That Matter Most in Data in June. For more information, go to www.birst.com