BI Firm Logi Analytics Secures $27.5m Funding

In the US, business intelligence specialist Logi Analytics has closed a $27.5m round of funding, which it will use to support the launch of new products, further product development, and expansion into new geographical and vertical markets.

The McLean, Virginia-based company enables users to analyze large volumes of data through web-based business intelligence and analytics applications that can be integrated into their own organizations' apps and systems. The most recent round of funding has been led by new investor LLR Partners, with participation from current investor Updata Partners, and adds to the previous $23.1m raised from a round with Updata, Grotech Ventures and Summit Partners.

Logi Analytics President and CEO Brett Jackson (pictured) comments: 'We're excited to add LLR to our team of partners that support Logi Analytics with capital, access to talent and guidance on our growth strategy. By expanding into new markets and continuing to enhance our highly functional and easy-to-use technology, we can equip more enterprises with the ability to harness insights from their data through analytics.'

Web site: www.logianalytics.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.