Employees in many companies today are expected to make decisions through careful data analysis, but the tools they need to do are endlessly, slowly or – in some cases – do not exist.
This is according to Colin Zima, his chief executive MoneiA business intelligence platform (BI) that aims to help organizations simplify how they work with their data. Prior to the establishment of Omni, Zima led the Google Search Quality Team and was the head of detailed officer in the look.
“With cloud data warehouses such as Snowflake and Bigquery, heritage reliability is merged with modern extension,” Zima told TechCrunch. “However, tens of thousands of businesses remain linked to outdated bi processes. Modern organizations require the flexibility of self -care analyzes without endangering centralized control. This gap represents a huge opportunity in the market – so Omni was born.”
The Omni platform allows users to perform ad hoc data analyzes and create graphs and references and also provide tools for creating depictions with components such as hyperlinks, text and images.
In addition to a point interface and clicks to create questions and data control panels, OMNI offers a compatibility layer for Excel and Types compatibility. It can also take the RAW SQL, the language used to communicate with databases, and automatically analyzes and restructures into “modeling concepts” that then become accessible to Omni’s interface.
Products manufactured with Omni, such as Dashboards, can be put in other applications through integration, Zima added.
“We built Omni to embrace the diversity of things you need to do with the bi,” he said. “It’s simple enough for anyone to start quickly with exploration and control panels, but flexible enough to handle deep adaptation and sophisticated data models as your needs evolve.”
Although there is no shortage of bi tools on the market today, Omni has managed to increase its customer base to over 200 companies, such as embarrassment, Buzzfeed, Writer and Councent.io. Annual repetitive revenue has increased to nearly $ 10 million, Zima said and expects that number will triple this year.
Investors are willing to enter the action, said Zima, who led Omni to increase earlier than was “strictly necessary”. This month, the company closed a round of B Series in a series of $ 69 million led by the development of Iconiq and saw the participation of Ventures theory, the first round Capital, Redpoint Ventures, GV and Snowflake Ventures.
“We’ve seen other companies grow – and burn – hundreds of millions [of dollars] Trying to develop violent power, “Zima said.” It’s not how we work. Building all you need in a bi tool is expensive because we compete with every major bi tool since the last 40 years. Our development has been effective and deliberate, allowing us to focus on R&D. ”
Zima said funding, which brings the total of Omni, which has raised $ 97 million in $ 97 million in $ 650 million, will help OMNI keep the “foot on the gas” around its built -in and market. Omni currently has 85 employees and expects to end the year with 150.
“We want to be well funded and control our own destiny,” Zima said. ‘When one [exit] The shipment of a company, product development, customer experience was raised and fades magic […] Our strategy was to fund aggressively, but to spend carefully so that we can stay focused on the product without worrying about the corridor. Our successes in the past have also put us in a strong position to think in the long run. ”
