Omni secures $69M to create tools for boosting data analysis in companies

Employees in many companies today are facing challenges when it comes to making data-driven decisions. Colin Zima, CEO of Omni, a business intelligence platform, highlights the struggles with outdated, clunky tools hindering effective data analysis processes. Zima, with a background at Google and Looker, saw the need for modern solutions in a world where cloud data warehouses like Snowflake and BigQuery are becoming standard.

Omni’s platform offers a user-friendly interface for ad hoc data analyses, chart building, and report generation. It also provides tools for creating visualizations with various components like hyperlinks, text, and images. Moreover, Omni’s compatibility layer allows for easy integration with Excel spreadsheets and raw SQL queries, streamlining the data analysis process for users.

Despite the plethora of BI tools available, Omni has managed to attract over 200 companies as customers, including big names like Perplexity, BuzzFeed, and Writer. With an annual recurring revenue nearing $10 million and a recent $69 million Series B funding round, Omni is on track for significant growth. Zima emphasizes the importance of efficient and intentional growth, focusing on research and development to stay competitive in the ever-evolving BI market.

The recent funding round, bringing Omni’s total raised to $97 million at a $650 million valuation, will fuel further innovation in embedded analytics and spreadsheet functionality. With plans to expand the team to 150 employees by the year’s end, Omni aims to maintain control over its growth trajectory while delivering top-notch products and customer experiences. Zima’s strategic approach reflects the company’s commitment to long-term success without losing sight of its mission and vision.