Tracxn – Analyst Notes # 1063 – Business Intelligence

A daily newsletter summarizing recent activity & interesting start-ups globally 

RECENT NOTABLE ACTIVITY – BUSINESS INTELLIGENCE

• lBirst, a San Francisco based SaaS business intelligence reporting platform, has been acquired by Infor. Link
• lFullStory, an Atlanta based firm which provides web and mobile analytics through session recordings for SaaS and ecommerce, raised $15M in a series B round led by Google Ventures with participation from Salesforce Ventures. Link
• lTamr, a Cambridge based automated data cleaning and curation firm, raised an undisclosed amount in a Series B round from General Electric. Link
• lInformation Builders, a New York City based company providing business intelligence and integration solutions, raised an undisclosed sum in PE round, led by Goldman Sachs with participation from Bregal Sagemount. Link
• lDataMip, a Shanghai based data visualization and consumer behavior tracking tool, raised $4.3M in a Series A round from THFund and Yuanlong Investment. Link
• lDomino Data Lab, a San Francisco based data science platform raised $27M in a series B round, led by Coatue Management with participation from Sequoia Capital, Zetta Venture Partners, and Bloomberg Beta. Link
• lTapClicks, a San Jose based digital marketing management platform, raised $3M in debt from SaaS Capital. Link
• lDomo, an American Fork based visual analytics firm raised $100M led by BlackRock. Link
• lForNova, a Yokneam Illit based firm providing market intelligence and visibility solutions for hotels, raised $17M in a series B round led by DTCP with participation from Waypoint Capital and JAL Ventures. Link
• lGainSight, a Redwood City based customer health monitoring firm raised $52M led by Lightspeed Venture Partners with participation from Battery Ventures, Bain Capital Ventures, Bessemer Venture Partners, Salesforce Ventures and Insight Venture Partners, and Cisco Investments. Link
• lInfinite Analytics, a Cambridge based firm providing predictive social intelligence solutions raised an undisclosed amount in series A funding from Byramjee Jeejeebhoy Group. Link
• lContiamo, a Berlin based BI visualization tool raised an undisclosed amount in Series A funding led by Capnamic Ventures. Link
• lNexla, a San Francisco based data operations automation platform, raised $3.5M in Seed round led by Blumberg Capital with participation from Storm Ventures, Engineering Capital and Correlation Ventures. Link
• lMintigo, a Kfar Saba based marketing intelligence and lead scoring platform, raised $10M in Series D round, led by Glilot Capital partners, with participation from Sequoia Capital, Adams Street Partners, Giza Venture Capital, Maverick Ventures, and Vintage Investment Partners. Link
• lMode Analytics, a San Francisco based data science platform raised $13M in a Series B round led by REV Venture Partners with participation from Foundation Capital and Goldcrest. Link
• lCubeiq, a New York City based retail instore analytics firm raised an undisclosed amount from Balyasny Asset Management and Elevate Innovation Partners. Link
• lDapresy, a Sankt Augustin based web reporting tool raised an undisclosed amount from Verdane Capital. Link

SOME INTERESTING STARTUPS FOUND

Logikbee (2016, Bangalore) provides predictive analytics driven inventory replenishment solution for retailers.
Endor (2014, Tel Aviv) created a predictive intelligence platform which claims to have breakthrough AI and machine learning algorithm with takes significantly less time for training through data sets.

LEADER BOARD – BUSINESS INTELLIGENCE

BI Suites
BI Suites – End to End BI Software
Sisense (2004, Tel Aviv, $95.5M) – Provides data preparation, integration and visualization. Backed by Bessemer Venture Partners, Opus Capital, Genesis Partners, Draper Fisher Jurvetson, Battery Ventures, RTP Ventures.

BI Suites – Platform
GoodData (2007, San Francisco, $101.2M) – Provides SaaS based BI analytics solutions. Backed by Andreessen Horowitz, OReilly AlphaTech Ventures, Next World Capital, General Catalyst Partners, Intel Capital, Tenaya Capital, Windcrest Partners, Fidelity Growth Partners Europe, Almaz Capital, TOTVS, Pharus Capital Management, Danhua Capital, Eight Roads Ventures and F-Prime Capital Partners.

Data Preparation
Data Preparation – Suite
Tamr (2012, Cambridge, $41.2M) – Provides data preparation platform that combines human insight with machine learning algorithms to unify and prepare data across data sources for analytics. Backed by NEA, Thomson Reuters, GV, Work-Bench, MassMutual Ventures, Hewlett Packard Ventures and SineWave Ventures.

Data Preparation – Integration
Data Preparation – Integration – Self-Serve
Snaplogic (2006, San Mateo, $136.3M) – Provides PaaS integration platform to integrate applications, data, APIs with each other. Backed by Microsoft, Andreessen Horowitz, Ignition Partners, Western Technology Investment, Silver Lake, Triangle Peak Partners, Cervin Ventures, H. Barton Asset Management, Dhillon Capital, Costella Kirsch, Maples Investments and Pharus Capital Management.

Data Preparation – Cataloging and metadata management
Attivio (2007, Newton, $102M) – Provides ETL, data transforming, indexing and cleaning to visualisation tools like Tableau to understand relationships between data sources. Backed by Oak Investment Partners.

Data Discovery & Visualization
Data Discovery & Visualization – Discovery
Alteryx (2010, Irvine, $163M) – Offers advanced BI solutions including predictive forecasting along with ETL and visualisation. Backed by Insight Venture Partners, Thomson Reuters, Meritech Capital, Toba Capital, Iconiq Capital and Sapphire Ventures.
MicroStrategy (1989, Vienna, IPO) – Provides self-service analytics solutions focused on multi-source analysis, by combining and blending data from multiple structured and unstructured sources. Went public in June 1998.

Data Discovery & Visualization – Visualization with Analytics
Domo (2010, American Fork, $621M) – Provides self-service data exploration with prebuilt role based Domo apps. Has over 300+ connectors and data fusion platform to clean, transform and load data automatically. Backed by Greylock Partners, Fidelity Investments, Andreessen Horowitz, Salesforce, Morgan Stanley, WPP, Benchmark Capital, Credit Suisse, Founders Fund, Institutional Venture Partners, GGV Capital, Glynn Capital, BlackRock, T. Rowe Price, Transmedia Capital, Bezos Expeditions, Mercato Partners, TPG, Capital Group, Viking Global Investors, BYU Cougar Capital, Zetta Venture and Hummer Winblad Venture Partners.
Tableau (2003, Seattle, IPO) – Provides interactive data exploration through heat maps, pivot tables and geographical maps. It also offers data connectors and integrated in-memory ETL architecture. Went public in 2013.
Looker (2011, Santa Cruz, $177.5M) – Provides LookML, a query language that enables data modelling faster and easier than SQL. It also offers visualisation and embedded analytics. Backed by First Round Capital, Redpoint Ventures, KPCB, Meritech Capital, PivotNorth Capital, Sapphire Ventures, CapitalG, Geodesic Capital and Goldman Sachs.

Data Discovery & Visualization – Reporting & Dashboarding
Roambi (2008, Solana Beach, $50M, Acq.) – Provides mobile first ad-hoc analysis, visualisation and dashboards that can be instantly accessed via the iPhone or iPad. Acquired by SAP in February 2016.

Data Discovery & Visualization – Reporting & Dashboarding – NLP based query
ThoughtSpot (2012, Palo Alto, $90.7M) – Provides an NLP engine to query relational databases to enable self-service BI for business users. Backed by Khosla Ventures, General Catalyst Partners and Lightspeed China Partners.

Data Discovery & Visualization – Reporting & Dashboarding – GUI based query
Roambi (2008, Solana Beach, $50.4M) – Provides mobile productivity software suite. Backed by Sequoia Capital.

Data Discovery & Visualization – Charting Software
ZoomCharts (2014, Riga, $1.32M) – Provides interactive data visualization charts. Backed by Imprimatur Capital.

Unstructured Data Analysis – Text Analytics
Coveo (2005, Quebec City, $69.7M) – Provides knowledgebase data management through analytics and enterprise search. Backed by BDC Capital, Telesystem, Fonds de solidarite FTQ, Access Capital, Tandem Expansion Fund and iqventureadvisors.com.

Unstructured Data Analysis – Image and Video Analytics
ClarifAi (2013, New York City, $41.3M) – Deep learning based image and video recognition API provider. Backed by Union Square Ventures, Qualcomm Ventures, nyu.edu, NVIDIA, GV, Menlo Ventures, Lux Capital, Osage University Partners, Osage University Partners, LDV Group, LDV Capital and Corazon Capital.

BI Verticals
BI Verticals – Multifunction – Multiindustry
Anaplan (2006, San Francisco, $232M) – Provides cloud-based modelling and planning software for companies’ sales, operations and finance teams. Backed by Salesforce, Shasta Ventures, Meritech Capital, DFJ Growth, Coatue, Harmony Partners, Granite Ventures, Workday, Baillie Gifford, Sands Capital, Founders Circle, Founders Circle and Brookside Capital.

BI Verticals – Multifunction – Industrial
Uptake (2014, Palo Alto, $85M) – Provides machine learning enabled predictive platform for multiple industries. Backed by NEA, Trinity Ventures, Shasta Ventures, Revolution, Lightbank, Caterpillar, Peterson Partners, GreatPoint Ventures.

BI Verticals – Multifunction – Retail – Suite
ManthanRetail (2004, Bangalore, $101M) – Provides a retail and CPG analytics solution. Backed by Norwest Venture Partners, IDG Ventures India, Temasek, SIDBI Venture Capital, ePlanet Capital, InnoVen Capital, Eight Roads Ventures.

BI Verticals – Multifunction – Retail – In-store
RetailNext (2007, San Jose, $189.8M) – Provides real-time analytics solution that enables retailers, shopping centres and manufacturers to collect, analyse and visualise in-store data. Backed by Metamorphic Ventures, Qualcomm Ventures, Nokia Growth Partners, StarVest Partners, August Capital, Commerce Ventures, Tyco, Pereg Ventures, EDB, Siguler Guff, Activant Capital and American Express Ventures.

BI Verticals – Finance & Accounting
AdaptiveInsights (2003, Palo Alto, $176.3M) – Provides financial analytics solutions for planning, budgeting and forecasting enabling finance and management teams to plan, monitor, report on, and analyse financial and operational performance. Backed by Salesforce, Bessemer Venture Partners, Norwest Venture Partners, ONSET Ventures, Relay Ventures, JMI Equity Fund, Cardinal Venture Capital, Monitor Ventures, RBC and Information Ventures.

BI Verticals – HR
Visier (2010, Vancouver, $94.5M) – Provides a workforce analytics and planning solution to reduce workforce costs, improve productivity, attract and retain top talent. Backed by Adams Street Partners, Foundation Capital and Summit Partners.

BI Verticals – Customer Life Cycle Management – Sales
Insidesales (2004, Provo, $251.2M) – Provides a sales forecasting and visualisation solution based on Neuralytics, a predictive and prescriptive analytics self-learning engine for lead prioritisation and hiring. Backed by Microsoft, Salesforce, KPCB, US Venture Partners, Polaris Partners, EPIC Ventures, Zetta Venture and Hummer Winblad Venture Partners.

BI Verticals – Customer Life Cycle Management – Marketing
Addthis (2004, Vienna, $77.4 M) – Provides a behavioural audience data and marketing platform. Backed by NEA, QED Investors, Institutional Venture Partners, Plug and Play Tech Center, Amidzad Partners, Novak Biddle Venture Partners, Revolution, Rho Ventures.

BI Verticals – Customer Life Cycle Management – Marketing – Web Analytics
Clicktale (2006, Ramat Gan, $52.6M) – Provides a patented Customer Experience Visualisation platform for e-businesses to see their customers’ online experience at all levels of detail, from aggregated views to playable videos of users’ browsing sessions. Backed by Viola Group, KKR, Amadeus Capital, YL Ventures, Goldrock Capital and Talis Capital.
ClickFox (2000, Atlanta, $40.9M) – Provides Customer Experience Analytics (CEA) solutions for businesses to engage customers through a variety of service channels from visiting a website, voice calling and online chat applications to kiosks, retail stores etc. Backed by Morgan Stanley, Ascent Venture Partners, Delta Ventures, Cedar Fund, HTGC and Veritas Venture Partners.

BI Verticals – IT
Nexthink (2004, Prilly, $65M) – Provides end-user IT analytics for security, ITSM and transformation. Backed by Auriga Partners, VI Partners, Mannai, VI Partners, galeo-ventures.com, Waypoint, Highland Europe.

Leaderboard includes all the top funded, IPO and successfully running bootstrapped companies along with their location, founding year and funding amount.

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