See the 19-slide pitch deck Pyramid Analytics used to raise $120 million in a round backed by Sequoia
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- Business intelligence platform Pyramid Analytics raised $120 million in Series E funding.
- The firm won the backing of VC giant Sequoia, which previously backed Airbnb and Zoom.
- Insider got an exclusive look at the pitch deck Pyramid used to bring investors on board.
Tech investing giant Sequoia backed a $120 million round into a data analytics startup used by companies like Volkswagen, Dell, and HP.
Netherlands-based Pyramid Analytics, which was founded in 2008, claims that enterprise analytics is “stuck in the past” and that many decision-making tools are too complicated for people to use. The company has developed a decision-making platform that can lower the skill barrier required to get the most out of corporate data.
Pyramid brings together data prep, business analytics, and data science into a single platform that can help speed up decision-making and automate it in some cases. The Dutch firm wants to disrupt the massive analytics market, which is home to major players like Sumo Logic and DataDog.
Sequoia has previously invested in the likes Airbnb, Okta, and Zoom. The investor was joined by H.I.G. Growth Partners, JVP, Maor Investments, and Viola Growth in the Series E round.
“I am gratified and humbled by the confidence some of the world’s best technology investors have exhibited in Pyramid; the technology, company, and people,” said Pyramid CEO Omri Kohl.
“This milestone is a testament to the intellect and hard work of our employees across the globe, commitment of our partners, and trust and advocacy of our customers. All elements are in place to speed Pyramid down the path to being the next enterprise analytics leader.”
Pyramid claims it has an addressable market of $215.7 billion, based on estimates from the International Data Corporation (IDC).
Check out the 19-slide pitch deck Pyramid used to raise the fresh funds in May below: