Omni closed a Series B funding round worth $69 million this month.
The mentioned round was led by ICONIQ Growth. Theory Ventures, First Round Capital, Redpoint Ventures, GV, and Snowflake Ventures also participated in this fundraising process.
As of today, the total investment raised by Omni, based in San Francisco, is $97 million. The company’s market capitalization reached $650 million.
Omni chief executive officer Colin Zima stated that the received funding will help the company move forward in the area of embedded analytics and spreadsheet functionality, and will allow the firm to increase the number of employees across the product and go-to-market teams.
Omni currently employs 85 people. The company is expected to hire 65 more people by the end of the current year.
The Omni platform allows users to run ad hoc data analyses and build charts and reports. In this case, consumers are also provided with tools for creating visualizations with components such as text, images, and hyperlinks.
Moreover, Omni offers users a compatibility layer for Excel spreadsheets and formulas. Also, the firm can take raw SQL, the language used to communicate with databases, and automatically parse and restructure it into modeled concepts that then become accessible in the company’s interface.
Colin Zima stated that products built with Omni, such as dashboards, can be brought into other apps through integrations.
The company currently serves more than 200 clients, including Perplexity AI, BuzzFeed, Writer, and Incident.io.
As we have reported earlier, Worth Raises $25 Million.
