Big Data Company Looker Raises $16 Million From Redpoint Ventures
Looker is a big data company that has raised $16 million in their first round of funding led by Redpoint Ventures, according to VentureBeat. Prior investor First Round Capital also participated in this round. Looker’s software competes directly against companies like SAP, Tableau, GoodData, and MixPanel. Looker said that their software allows anyone to query live data using a proprietary language called LookML. LookML reportedly simplifies the scripting process and recycles SQL queries.
“We’re business intelligence for the under-40 crowd, and the response to our product really shows that we’ve found a substantially underserved market that was ripe for innovation,” stated Looker CEO Frank Bien. “No one has attacked the core of [business intelligence] in the last 10 years. We tore it down and rebuilt it from the ground up, wrote our own language, architected a web-based infrastructure, and delivered a product that’s incredibly powerful.”
Looker now has over 40 paying customers that spend an average of 250 or more hours each month on the service. Some of their customers include SimplyHired and Hotel Tonight.
Looker has raised $18 million in funding thus far. Looker was founded in June 2012 and has 18 employees.This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry