Open source business intelligence firm Metabase announced
Thursday it's a $ 30 million Series B round led by Insight Partners.
Existing investors Expa and NEA have joined the round,
providing the San Francisco-based company with a total of $ 42.5 million in
funding since its founding in 2015. Metabase has previously raised $ 8 million
in serial funding. A in 2019 led by NEA.
Metabase was developed as part of Expa's Risk Research and
was designed as an easy way for people to interact with datasets, co-founder
and CEO Samir Al-Sakran told TechCrunch.
“When someone wants to access data, they may not know what
to measure or how to use it, all they know is that they have data,” Al-Sakran
said. “We provide a self-service layer of access where they can ask a question,
Metabase scans the data, and they can use the results to build models, create a
dashboard, and even slice the data any way they choose without being analyzed
by an analyst. database. ... "
He notes that little has changed in business intelligence
since Tableau came out over 15 years ago and that computers can do more for
the end-user, especially when it comes to understanding what the user is going
to do. He added that more and more open source is a way of using software and
information, especially for people who just want to mine data for themselves.
George Matthew, Managing Director of Insight Partners,
believes we are seeing the third generation of BI tools emerging from centralized
enterprise architectures like SAP, then self-service tools like Tableau and
Looker, and now companies like Metabase that can attract users to discovery and
information. quickly.
“The third generation is already here, and they are leading
the charge of knowledge and values,” added Matthew. “Plus, the world has moved
to the cloud, and business intelligence tools should too. This generation of
open source is the larger and better example of the three. "
Metabase has been downloaded 98 million times to date and is
used by over 30,000 companies in 200 countries. Following the creation of the
Metabase Enterprise commercial proposal, the company sought another round of
funding, Al Sakran said.
The new funding round allows the company to build a sales
team and continue product development in both Metabase Enterprise and Metabase
Cloud. Since Metabase is often the first business intelligence tool, it also
doubles down on resources by helping educate customers to ask questions and
learn from their data.
“Open source has moved from floppy disks to cloud-based
projects, and we believe end-users have the right to see what they launch,” Al-Sakran
said. “We continue to build new features and improve performance and overall
experience in our efforts to build the business intelligence system of the
future.
