Birst Nets $38m to Expand BI Offer

Cloud-based business intelligence and analytics platform Birst Inc. has completed a $38m Series E round of funding, which it will use to further expand internationally, grow sales and marketing teams, and invest in new product capabilities.

Founded in 2005, San Francisco-based Birst also has offices in Europe, the Middle East and Asia. The company takes a client's raw data, and automatically builds a data warehouse to make it analytics ready. It then adds a logical layer to provide business meaning, and then makes the data accessible through visual analytic and reporting tools.

New funding was led by Sequoia Capital, with support from existing and new investors including Northgate Capital, and brings the total raised to date to $84m.

CEO and co-founder Brad Peters comments: 'The demand for BI continues to grow and the shift to the cloud has become unstoppable. We already have the industry leading product. This investment furthers our ability to strengthen our solution and will allow us to offer it around the world.'

Web site: www.birst.com .