Top 10 Business Intelligence software

Latest news about Business Intelligence software

2023. Data visualization startup Virtualitics lands $37M investment



Virtualitics is a startup that specializes in crafting software aimed at assisting companies in comprehending and deriving insights from their data. Operating on a sophisticated level, Virtualitics employs three-dimensional visualizations, knowledge graphs, and artificial intelligence to unveil the intricate connections among distinct data points. By presenting a dataset (or multiple datasets) and optionally phrased questions in plain language (such as "What factors influence credit card skimming?"), the platform has the ability to produce informative notes and clarifications. These annotations and explanations can then be seamlessly incorporated into reports and dashboards, readily shareable with stakeholders throughout an organization. As an illustration, a business within the financial sector could effectively employ Virtualitics to detect recurring trends in payment and wire fraud. Similarly, a marketing firm could harness the potential of this platform to pinpoint emerging customer segments and the most optimal marketing channels for optimal performance.


2023. ThoughtSpot acquires BI platform Mode Analytics



ThoughtSpot, the AI-powered data analytics platform provider has acquired Mode Analytics, a startup specializing in business intelligence. The acquisition, worth $200 million, will enhance ThoughtSpot's generative AI applications and result in a doubling of its customer base. ThoughtSpot's platform is designed to enable individuals without technical expertise to perform data analysis. It utilizes tools that monitor data from sources like Snowflake and Databricks, identifying changing patterns and trends. Trusted by major companies such as Walmart and Apple, ThoughtSpot's products primarily focus on self-service analytics, incorporating AI and machine learning capabilities. Mode Analytics complements these offerings by introducing a new suite of products. Through this acquisition, ThoughtSpot customers will gain additional value by being able to create analytics applications and visualize data in Mode, which can then be seamlessly integrated into ThoughtSpot's dashboards.

2022. Google unifies its BI services under the Looker brand



Google Cloud has made an exciting announcement, revealing its decision to consolidate all of its business intelligence products under the unified brand of Looker. This consolidation brings together Looker, Data Studio, and core Google technologies such as artificial intelligence (AI) and machine learning (ML). Google emphasizes that this integration goes beyond traditional dashboards, which are the specialty of Google Data Studio, enabling businesses to incorporate data into various workflows and applications for informed decision-making. As a part of this transition, Google Data Studio will now be known as Looker Studio. Looker itself was a startup that Google acquired in 2020 for an impressive $2.6 billion. With this unified approach, Google officially enters the competitive landscape, challenging established players like Tableau, Microsoft Power BI, and QlikView.


2022. Omni looks to take on Looker with its cloud-powered BI platform



Omni is an innovative business intelligence (BI) platform that aims to streamline data management and analysis across organizations. While traditional BI platforms brought teams together with centralized and reliable data, they often required a complex upfront data modeling process. Omni bridges the gap between instant-gratification analytics and the robustness and governance of established enterprise BI solutions. It can be likened to well-known BI tools like Looker and Tableau. However, Omni goes a step further by accepting raw SQL, the language used to communicate with databases, and transforming it into structured components. Using built-in tools, Omni generates data models and components from SQL, creating a flexible "sandbox" data model. Users can then promote relevant metrics to the official shared model, accessible to the entire organization. The promising vision of Omni has garnered significant investor support, with a total funding of $26.9 million.


2022. BI dashboard service Explo garners $12M Series A



Explo, a company that specializes in developing a customizable business intelligence dashboard tool that aligns with your company's branding and can be seamlessly integrated into your website or shared with customers via email, has successfully raised $12 million in Series A funding. Alongside this milestone, the company is proud to announce the official launch of their self-service product, which includes a two-week trial period. Companies can easily connect their databases or data warehouses to Explo, enabling them to analyze the specific information they require. Explo establishes a direct connection to these databases, whether it's Postgres or data warehouses like Snowflake, and empowers customers with a wide range of options to share data effectively. Currently, Explo boasts 45 paying customers, with many others actively testing the product to experience its capabilities.


2021. Zoho Analytics 5.0 uses AI and ML to assist you in getting insights from your data


Zoho has introduced an updated version of its self-service BI & analytics platform, Zoho Analytics. This enhanced version now incorporates Zoho DataPrep, a cloud-based service that augments data preparation and management capabilities. Additionally, Zoho Analytics Embedded BI empowers independent software vendors (ISVs) and developers to seamlessly integrate Zoho Analytics into their own product or solution offerings. The introduction of Zoho Analytics Marketplace enables partners and third-party vendors to create analytics applications on top of Zoho Analytics and market them through the Zoho Marketplace. The updated version also includes Zoho Analytics Native Apps, which are applications developed by Zoho and natively embedded within third-party apps, making them readily available in their respective marketplaces. With the integration of the AI assistant Zia, users can engage in natural language conversations with Zia, eliminating the need to learn complex SQL querying. This allows users to obtain relevant reports and receive the necessary answers in a conversational manner.


2021. No-code business intelligence service y42 raises $2.9M



Berlin-based y42, a data warehouse-centric business intelligence service, has recently secured $2.9 million in seed funding. The company, founded in 2020, offers businesses access to an enterprise-level data stack that is as user-friendly as a spreadsheet. With integration capabilities spanning over 100 data sources, including popular B2B SaaS tools like Airtable, Shopify, Zendesk, and database services like Google's BigQuery, y42 enables users to seamlessly incorporate and connect their diverse data sets. Additionally, users can transform and visualize this data, manage data pipelines, and automate workflows based on the insights gained from the integrated data.


2021. Jedox raises $100M to expand its financial modeling and analytics software to more verticals



Jedox, a German startup specializing in financial planning and analysis tools, has secured a funding round of over $100 million. Jedox's software was initially designed to assist financial planners by utilizing data from common documents like Excel spreadsheets, and it was compatible with both on-premises and cloud environments. In recent years, the company has expanded its offerings to include HR planning and procurement, catering to a broader range of users. With the new funding, Jedox aims to further broaden its application by targeting additional use cases and industry verticals.


2020. Explo snags $2.3M to help build customer-facing BI dashboards



The startup Explo has successfully secured a seed round of $2.3 million. Explo focuses on assisting customers in creating customer-facing business intelligence dashboards. Initially, the company aimed to streamline the process of preparing data for models or other applications. However, after engaging with customers, the founders recognized a significant demand for a straightforward method to develop data-backed dashboards. As a result, Explo swiftly pivoted its focus to meet this need.


2020. MachEye raises $4.6M for its AI-based business intelligence platform



There is a wide range of business intelligence (BI) platforms available, all aiming to make data analysis accessible to individuals throughout a company. However, many of these platforms still tend to be complex, despite their marketing claims. MachEye, which launches its AI-powered BI platform today, presents a unique approach in this field. It stands out by generating audio-visual representations of enterprise data. Additionally, it offers the traditional features expected from a BI service. Users have the option to create dashboards if desired, and developers can leverage the company's APIs to utilize the data in other applications. The service is capable of extracting data from various standard databases and data warehousing services, including AWS Redshift, Azure Synapse, Google BigQuery, Snowflake, and Oracle. MachEye boasts a quick setup process, promising that connecting a data source will take just 30 minutes before users can start querying and analyzing the data.


2020. Index nabs $2.6M seed to create BI dashboards without coding



Index, the startup that enables non-technical users to create business intelligence dashboards without coding, has successfully raised $2.6 million. With this product, individuals within a company can construct their own metrics tailored to their respective teams. End users have the capability to connect to an expanding range of data sources, while Index handles the process of building queries and presenting the data, eliminating the need for data scientists or data analysts. Currently, the supported data sources include Salesforce and Hubspot for CRM data, Stripe for payments data, as well as specific databases like Postgres and MongoDB.


2020. Grid raises $12M Series A to turn spreadsheets into visual narratives



Grid, a SaaS startup that secured $12 million in Series A funding, aims to revolutionize the way knowledge workers engage with data. It empowers users to transform spreadsheet workbooks into visually compelling and interactive websites, enabling more effective communication of the data to diverse audiences. Throughout Grid's private beta phase, the company identified two primary use cases. The first involves model presentation, where consultants or business analysts utilize the platform to showcase how inputs impact outcomes in spreadsheet models. The second scenario involves reporting, with Grid being employed by individuals who regularly share data compiled in spreadsheets.


2020. Supermetrics raises €40M to bring all your marketing data together



Supermetrics, the data management and analysis tool catering to marketers, has secured €40 million in fresh funding. As a Software-as-a-Service (SaaS) solution, it assists marketers in consolidating data into a convenient "ready-to-use format" that seamlessly integrates with their preferred data analysis and reporting tools. The objective is to present a unified perspective on diverse marketing data, enabling marketing teams and stakeholders to easily identify performance strengths and weaknesses, allowing for effective course corrections or strategic investments. Supermetrics is designed to be user-friendly, ensuring that even non-engineers can utilize it without burdening the company's IT infrastructure with additional codebases.


2020. Quantexa raises $64.7M to bring big data intelligence to risk analysis and investigations



Quantexa, the company behind the development of a machine learning platform called "Contextual Decision Intelligence" (CDI), has secured $64.7 million in a Series C funding round. CDI utilizes advanced analytics to analyze diverse data points, enabling improved identification of suspicious activities and the creation of comprehensive customer profiles for businesses. Quantexa initially gained traction by providing solutions to major banks and financial institutions. Moving forward, the company plans to further enhance its tools for the financial services sector while also expanding into two emerging markets: insurance and government/public sector organizations.


2020. Truthset raises $4.75M to help marketers score their data



Marketing data quality startup Truthset has successfully secured $4.75 million in seed funding. The company specializes in evaluating the accuracy of consumer data purchased by marketers, assigning it a score ranging from 0.00 to 1.00. To generate these scores, Truth{set} verifies the data against various independent sources, as well as utilizing first-party data and panels. The platform goes even further by allowing the "suppression" of consumer IDs that fail to meet a marketer's standards, preventing their use in targeting efforts. Moreover, Truthset seamlessly integrates with demand-side platforms, data management platforms, and customer platforms. It also offers compatibility with leading data providers, such as Facebook, LiveRamp, and The Trade Desk.


2020. Retina raises $2.5M for its AI-powered customer analysis software



Closely examining customer behavior and their potential lifetime value has led to a successful funding round of $2.5 million for Los Angeles-based startup Retina. With Retina's Shopify app, vendors can effectively process data and obtain predictive insights on customer lifetime value. Even for sellers not integrated with Shopify, Retina offers the option to analyze their data and provide valuable predictions on customer value. The analysis performed by Retina takes into account factors such as recency, frequency, and churn rates to map out customer acquisition strategies. The software collects relevant data by analyzing transaction logs from customer data or payment platforms, as stated by a company spokesperson.


2020. Sisense nabs $100M for accessible big data business analytics



Sisense, an enterprise startup, has successfully secured $100 million in funding. The company's primary focus is on creating a business analytics platform that maximizes accessibility to big data for users. Sisense achieves this through various means, including visually appealing graphics on mobile and desktop applications, as well as voice interactions through platforms like Alexa. The newly acquired funding will be utilized by Sisense to further enhance its technology, bolster sales and marketing efforts, and drive ongoing development initiatives. Sisense stands out by offering not only user-friendly end products but also by incorporating cutting-edge advancements in areas like machine learning and artificial intelligence to efficiently process and organize data. This approach positions Sisense as an agile and innovative alternative for its customers.


2019. Celonis, a leader in big data process mining for enterprises, nabs $290M



German company Celonis, known for its expertise in process mining, a method of analyzing data generated by a company's software and its operational functionality to offer insights for enhancing performance, has secured $290 million in a Series C funding round. This successful funding has resulted in a post-money valuation of $2.5 billion for the startup. Celonis primarily focuses on providing process mining solutions for organizations' IT systems. However, it has recently expanded its offerings to encompass a broader range of use cases. This includes developing tools for monitoring operations and customer experience, extending its process mining engine to cater to various company sizes beyond large enterprises, and integrating more AI into its fundamental techniques.


2019. Customer data analytics software Heap raised $55M


Heap, the startup aiming to disrupt the analytics market, has secured a substantial $55 million in funding. Boasting a customer base of over 6,000 companies, including Twilio, AppNexus, Harry’s, WeWork, and Microsoft, Heap's total funding now stands at an impressive $95.2 million. This influx of capital will be utilized to support the company's global expansion efforts, as well as bolster its product, engineering, and go-to-market teams. Heap distinguishes itself by offering a groundbreaking approach to automating analytics for businesses, empowering various teams within organizations to access the data necessary for informed and intelligent decision-making.


2019. Salesforce acquires data visualization company Tableau for $15.7B


Salesforce has made a significant acquisition by purchasing Tableau in an all-stock deal worth $15.7 billion. This strategic move marks Salesforce's expansion beyond CRM software and into the realm of advanced analytics. While Salesforce had previously pursued the acquisition of LinkedIn (which was acquired by Microsoft), the Tableau deal enables Salesforce to enhance its customer engagement and data intelligence capabilities, similar to what LinkedIn could have offered. Additionally, this acquisition positions Salesforce to compete with Google's recent announcement of acquiring Looker, further reinforcing its market presence.


2019. Predictive sales startup People.ai raises $60M



People.ai, a company that has developed a platform for aggregating and utilizing sales data to assist salespeople in sourcing and closing deals, has announced the successful raising of an additional $60 million in funding. The funds will be allocated towards further business expansion and establishing partnerships with new channels, including system integrators, to target larger enterprises. Concurrently, People.ai is unveiling a new product called "The Wire," which provides salespeople with a feed of valuable insights. Through The Wire, sales professionals can access information on leads, gain valuable tips on approaching prospects, and ultimately improve their selling strategies.


2018. Zoho Analytics got AI-powered Assistant



Zoho Analytics now incorporates Zia, an AI-powered intelligent assistant. With Zia, you can effortlessly ask questions in natural language, such as "Provide me with support tickets received this month, categorized by product and region" or "Give me sales data by country and channel." Zia translates these inquiries into complex SQL queries in the backend and suggests multiple relevant reports. You can save the most suitable suggestion directly as a report. Additionally, the new version of Zoho Analytics streamlines data analysis across various applications, enabling the creation of interactive reports and dashboards. It accurately predicts future trends based on historical data. Furthermore, Zoho Analytics introduces seven new connectors for popular business apps. Each connector includes over 100 pre-built reports and KPI dashboards specific to different domains, offering immediate benefits to users.


2018. Oracle acquires predictive intelligence platform DataFox



Oracle has completed the acquisition of DataFox, a startup that has compiled an extensive database of companies, currently encompassing 2.8 million public and private businesses and expanding by 1.2 million annually. DataFox leverages artificial intelligence (AI) to analyze this data and generate valuable business insights and predictions. The resulting business intelligence can be utilized for various customer relationship management (CRM) services, including prioritizing sales accounts and identifying potential leads. By combining Oracle's expertise with DataFox's capabilities, Oracle Cloud Applications will be enriched with a comprehensive collection of AI-driven company data and signals. This integration empowers customers to make more informed decisions and achieve enhanced business outcomes. DataFox will join Oracle's existing portfolio of business planning services, which includes ERP, CX, HCM, and SCM.


2018. Adobe introduced AI assistant for Adobe Analytics



Adobe has unveiled Intelligent Alerts, an AI-powered virtual assistant designed to enhance the capabilities of Adobe Analytics by assisting users in uncovering valuable insights that may have gone unnoticed. This intelligent assistant works by delivering alerts to analysts, which they can explore to gain deeper understanding and additional insights. If the analyst is unsatisfied with the results, they have the ability to fine-tune the system, allowing it to learn and adapt to their specific data requirements over time. Users have the flexibility to configure the frequency and quantity of alerts they receive. Intelligent Alerts is part of Adobe's broader artificial intelligence platform, known as Sensei, which aims to infuse intelligence throughout the entire range of Adobe products.


2018. Tableau acquired AI-analytics startup Empirical Systems



Enterprise BI giant Tableau has made an acquisition of Empirical Systems, a startup in its early stages that specializes in AI. The product offered by Empirical Systems is currently in private Beta and functions as an embedded engine within other applications. This feature seamlessly integrates with the Tableau analytics platform, making it a valuable addition. In addition, Tableau will be able to leverage the expertise of the engineering team from Empirical Systems to enhance its AI capabilities and utilize the advanced technology that underlies the startup's product. Empirical Systems was specifically developed to simplify complex data modeling and enable sophisticated statistical analysis, thereby empowering individuals to gain insights from their data and make informed, data-driven decisions, regardless of their technical proficiency.


2018. Tableau gets a new data preparation tool



Data analytics platform Tableau has introduced a new data preparation tool. The primary objective is to provide users with a visual means to shape and cleanse their data, which is particularly crucial as businesses increasingly gather data from diverse sources. While Tableau Prep offers automation capabilities, its most significant feature is the visual interface it affords users to create such workflows. Prep supports all standard Tableau data connectors and enables users to perform calculations as well. Additionally, the company has introduced a server plan for businesses seeking on-premises or cloud-based deployment, along with a fully hosted online plan. Pricing for these options ranges from $35 to $70 per user per month.


2018. MariaDB acquires big data analytics company MammothDB



MariaDB, which is recognized as a convenient substitute for the widely used MySQL database, is evidently aiming to capture a larger market share and intensify competition against major players such as Oracle and Microsoft SQL Server. In a strategic move, the company has recently acquired MammothDB, a Bulgarian-based service specializing in big data business analytics. MariaDB AX, an existing analytics and data warehousing system offered by MariaDB, will benefit from the expertise of MammothDB in this field. By leveraging MammothDB's knowledge and capabilities, MariaDB aims to enhance the functionality and performance of MariaDB AX.


2017. Tableau reveals Linux version



Business Intelligence software provider Tableau has recently unveiled Tableau Server on Linux, offering users an alternative option to run the software without relying on Windows Server. Additionally, Tableau has made a strategic acquisition of HyPer, a startup known for creating Hyper, a high-performance, main memory database. This acquisition aims to enhance Tableau's capabilities in terms of performance, faster loading times, and scalability. Hyper replaces Tableau's TDE database and is an integral part of Tableau 10.5, which is currently available in beta. Moreover, Tableau has taken a step further by opening its API, inviting users to seamlessly integrate and collaborate with third-party applications directly within the Tableau platform.


2017. Zoho Reports gets mobile phone app



Zoho Reports has expanded its mobile app offerings by introducing phone-compatible apps for both iOS and Android platforms. While the iPad and Android tablets were already supported, this update now enables users to access Zoho Reports on their smartphones. With these new mobile apps, you can conveniently analyze your data and gain valuable insights on the go, at any time and from anywhere, all from the convenience of your hand. The app allows you to effortlessly navigate and explore your reporting databases in Zoho Reports, including folders, types, and related views, as well as those shared with you. You can easily mark your frequently accessed dashboards and reports as favorites for quick access. The Recent Views tab ensures that you can swiftly revisit the views you previously accessed. Experience the power of Zoho Reports and stay connected to your data wherever you are.


2017. Tableau acquired natural language processing startup ClearGraph



Business intelligence solution provider Tableau has acquired ClearGraph, a service that enables users to query and visualize large volumes of business data using natural language queries. Tableau intends to integrate this technology into its own products, aiming to simplify the process of data visualization for its users through similar queries. Recent advancements in natural language processing and machine learning have enabled ClearGraph and similar services to gain a deeper understanding of the underlying database, effectively translating sentences into database queries. Considering that competitors like Microsoft's Power BI already offer this capability, it comes as no surprise that Tableau is exploring this avenue as well.