Pyramid Analytics, an AI-driven analytics and decision intelligence startup, has snapped $50 million in new financing. The investment came from funds and accounts managed by BlackRock Capital Investment Advisors, which recently backed Upvest and Odoo.
While Pyramid spearheads the AI revolution in business intelligence, BlackRock’s investment rationale is also based on its business performance and efficiency.
Next-gen business intelligence solutions
Companies around the world are racing to integrate AI into their businesses. Startups offering AI services are attracting private funding amidst the economic slowdown. The global market for big data and business analytics is projected to reach $665.7 billion by 2033, a major rise from $225.3 billion in 2023.
Understanding this, Pyramid Analytics comes into the picture with its business intelligence (BI) and analytics platform provider offering organisations an integrated solution for data analysis and decision-making. Its flagship product, Pyramid Decision Intelligence Platform, delivers advanced capabilities that unify data preparation, visualisation, machine learning, and collaboration in one environment. This platform empowers users across technical and non-technical roles to derive actionable insights from data.
Pyramid Analytics differentiates itself with no-code and low-code tools, enabling business users to explore data without needing extensive technical skills. Its open, scalable architecture supports seamless integration with various data sources, including cloud, on-premises, and hybrid systems. Additionally, its AI-driven insights and natural language querying enhance accessibility and decision-making efficiency.
The platform addresses complex analytics needs across industries like finance, healthcare, manufacturing, and retail. Key features include robust data modeling, real-time analytics, and governance-focused collaboration tools to ensure consistency and security in data usage.
Why does it matter?
Messy data analysis leads to wrong moves that can compromise relationships, inside and outside your organisation, and if you are acting upon unreliable data, unreliable results are soon to follow. Which is why it is vital to get actionable insights out of your data.
Integrating Decision Intelligence with your existing business intelligence solutions lets you build 360º customer/patient/student profiles, uncover sales and productivity trends, and achieve valuable cross-team collaboration from anywhere in the world.
A brief about Pyramid Analytics
Founded in 2009 by Omri Kohl, Avi Perez, and Herbert Ochtman, the Amsterdam-incorporated company has offices in London, New York City, and Tel Aviv. The investment comes on the heels of Pyramid being named a Visionary in the 2024 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms and was awarded the highest rank in all four use cases of the 2024 Gartner Critical Capabilities for Analytics and Business Intelligence Platforms report.
Pyramid’s focus on augmented analytics and decision intelligence positions it as a leader in transforming traditional BI into a proactive decision-support system. Its comprehensive capabilities cater to organisations looking to scale analytics for strategic growth, operational efficiency, and competitive advantage.
It simplifies processes and data analysis for its clients, which include the U.S. Food and Drug Administration (FDA) as well as Hallmark, Deloitte, and Volkswagen.
“We are honored by BlackRock’s vote of trust in our vision and execution as we bring the next-generation analytics solution to the upper mid-market and enterprise organisations,” said Omri Kohl, Pyramid’s co-founder and CEO.
“Our investment in Pyramid Analytics complements our track record of investing in innovative software and technology businesses,” said John Doyle, Managing Director at BlackRock. “We are pleased to give our clients exposure to a business such as Pyramid, that sits at the intersection of data analytics and AI capabilities, two segments that continue to benefit from robust secular tailwinds.”
“Pyramid has positioned itself as the thought leader in the Generative BI (GenBI) and Decision Intelligence category. Fortune 2,000 customers use Pyramid on a daily basis to solve and optimise operational, complex, data informed decisions,” stated Yoav Tzruya, General Partner at JVP, and Pyramid board member. “We are proud to receive BlackRock’s support, which further validates Pyramid’s vision and market leadership, enabling us to continue our strong performance, aiming to continue and solve the hardest operational business problems for our customers, solidifying category leadership.”
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