BI Provider Birst Raises $26m

Business analytics provider Birst has secured $26m in financing, which it will use to further accelerate growth, focusing on innovation and product development, while also expanding into new markets.

The San Francisco-based company provides a single platform through which to manage an organization's business analytics, data sources and deployments.

During the last year, the firm has more than doubled its revenues and increased its customer base by more than 40%. It also launched several products and services, including a cloud-based mobile business intelligence tool for the iPad.

Birst's new funding has been led by Sequoia Capital with support from existing investors including Hummer Winblad and DAG Ventures.

Brad Peters, Birst's co-founder and CEO, comments: 'This investment furthers our ability to continue to drive innovation and expand our solution to new markets and new audiences. We are thrilled to have world-class investors such as Sequoia Capital by our side.'

Web site: www.birst.com .

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