Santa Cruz-Based Business Intelligence Company Looker Raises $103 Million

By Dan Anderson ● December 11, 2018

Santa Cruz, California-based Looker, a unified platform for data that offers actionable business insights, announced that it has raised $103 million in Series E funding led by Premji Invest. Cross Creek Advisors also participated in this round along with several of Looker’s current investors.

Looker consolidates fragmented data tools, creates visualizations, and catalogs it into a single unified platform that accelerates time-to-insight. Plus Looker utilizes a simple software-as-a-service approach that leverages fast cloud databases and the company allows any organization to extract value from their data at web scale.

 

“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 Looker CEO Frank Bien in a statement. “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.”

Looker also delivers powerful applications through its platform such as Business Intelligence, Digital Marketing Analytics, and Web Event Analytics. This year, the company’s revenue also grew 70% year-over-year and the company added 500 new customers including Cisco, IBM, Spotify, Lyft, Etsy, ESPN, Trivago, Live Nation, and Five Guys.

“At Premji, we look for the highest quality companies that are uniquely positioned to become leaders in their industry,” added Sandesh Patnam, a lead partner at Premji Invest. “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.”