Looker Secures $103M Series E
Financing Round
December 6, 2018
Looker
has closed a Series E financing round of $103 million led by Premji
Invest, with new investment from Cross Creek Advisors and participation
from Looker’s current investors. Looker has raised a total of $280.5
million since 2013.
Looker provides the new Platform for Data -- streamlining the data
supply chain to put real, actionable information into the hands of all
employees, when they need it. Looker consolidates fragmented data tools,
from data preparation to visualization and cataloging to governance,
into a single unified platform that accelerates time-to-insight.
Utilizing a simple SaaS approach that leverages fast cloud databases,
Looker allows any organization to extract value from their data at web
scale. Looker delivers powerful applications through its platform,
including Business Intelligence, business-specific solutions such as
Digital Marketing Analytics and Web Event Analytics, and a flexible,
embedded analytics framework, Powered by Looker. Additionally, Looker
empowers a global ecosystem of partners and developers to easily build
third-party applications on its platform.
“We believe that data becomes exponentially more valuable when it is
intelligently integrated together, at scale, across the entire
organization, so Looker took a uniquely different and modern approach to
the myriad of point solutions and single-use data tools,” said Frank
Bien, CEO of Looker. “We built a new platform for data that greatly
simplifies the data supply chain, so organizations can extract value
from their data more quickly. We are pleased to have Premji and Cross
Creek invest in Looker and in our vision to bring a new class of data
platform to companies around the world.”
“At Premji, we look for the highest quality companies that are uniquely
positioned to become leaders in their industry,” said Sandesh Patnam,
lead partner at Premji Invest in the U.S. “We chose to invest in Looker
because we were impressed with Looker’s business execution, product
differentiation and vision. We are excited to lead this round to support
Looker’s rapid growth and improve their position in a growing industry.”
In
2018, Looker’s revenue grew 70% year-over-year* while adding almost 500
new customers, including Cisco, ESPN, Marks and Spencer Plc, Trivago,
Adyen, Live Nation Entertainment, Bell Media, SunRun, Inc., and Five
Guys. More than 185,000 people at over 1600 companies around the world
combine to use Looker for 67 million minutes each month.
Looker now has nearly 600 employees, adding more than 200 employees
throughout its seven offices in 2018. Earlier this year, Looker expanded
operations into Tokyo, Japan to support current customers in the region
and drive growth across Asia-Pacific.
In 2018, Looker was named an Enterprise Business Intelligence Leader in
the Gartner FrontRunners report, received a perfect Recommend score from
customers in the Wisdom of Crowds Business Intelligence report from
Dresner Advisory Services, named a Leader for Business Value in BARC’s
The BI Survey 18, and once again was named a Leading BI Vendor in the G2
Crowd Business Intelligence Platforms report. |