SALT LAKE CITY, Oct. 4, 2017 /PRNewswire/ -- Today, Numetric announced the closing of nearly $13M funding round led by Insight Venture Partners, EPIC Ventures, Tim Draper, and Aaron Skonnard of Pluralsight. Nicolas Wittenborn of Insight Venture Partners will be joining the board. This funding follows a $1.5M Seed round led by EPIC Ventures.
The fresh funds will fuel Numetric's hyper-growth trajectory. The company has immediate plans to invest heavily in further building out its team and already robust platform. Numetric's interactive interface allows users at all levels of expertise to quickly access and cut through spreadsheet-crashing levels of data. The company boasts corporate customers from Lenovo to Shell and state governments from New York to Utah.
"We're transforming the future of business intelligence by making business data instantly consumable by everyone who needs it," said Robert Sweeney, founder and CEO of Numetric. "It allows all employees to make decisions based on data, not just perception or intuition."
Numetric's tools have the ability to query one billion rows in milliseconds, without ever experiencing ominous loading screens. Now with unlimited users and data sharing, employees can instantly share findings across departments, vendors and more. No programmers, no formulas, no confusion.
"The ever-increasing complexity of business challenges across sectors make fast, collaborative data analysis more critical and transformative than ever before," said Nicolas Wittenborn, Vice President at Insight Venture Partners. "The Numetric team has built a great product that customers love and we are looking forward to working on the company's future together."
"This is the way data would have been managed if people knew then what they know now. Flexible, fast and easy to use analytics. Numetric is making analytics fun again." said Tim Draper.
"Numetric has the potential to change the landscape of data management for retailers, governments and transportation providers," said EPIC Ventures director Ryan Hemingway.
We are a customer centered data product company. We focus on understanding and solving core customer problems rather than building feature checklists or keeping up with the Joneses. This results in unconventional but delightful solutions that make us stand-out in the crowded Business Intelligence space. We have a laser focused mission to make every white-collar employee capable of doing their own analysis. We do this by giving business users tools that make sense to them and by giving IT teams automated solutions for keeping data clean, connected, and easy to understand. For more information on Numetric and to request a demo visit http://www.numetric.com/
About Insight Venture Partners
Insight Venture Partners is a leading global venture capital and private equity firm investing in high-growth technology and software companies that are driving transformative change in their industries. Founded in 1995, Insight has raised more than $16 billion and invested in over 300 companies worldwide. Our mission is to find, fund and work successfully with visionary executives, providing them with practical, hands-on growth expertise to foster long-term success. For more information on Insight and all of its investments, visit http://www.insightpartners.com/ or follow us on Twitter: @insightpartners.