Pyramid Analytics

Type| Privately held company
Industry| Business intelligence software
Founded| 2009
Founders| Omri Kohl, Avi Perez, Herbert Ochtman
Headquarters|

Amsterdam

Netherlands

Products| Pyramid

Number of employees

| 180 (November 2022)
Website| Pyramidanalytics.com

Pyramid Analytics is a business intelligence software company that was founded in 2009 by Omri Kohl, Avi Perez, and Herbert Ochtman. The company has offices in Amsterdam, Tel Aviv, London, Boise, and Seattle.[1]

In early 2013, Pyramid Analytics secured its Series A of funding led by Sequoia Capital.[2][3]

In 2014, Pyramid Analytics was recognized in Gartner Magic Quadrant for Business Intelligence and Analytics Platforms.[4] Pyramid Analytics released Version 5 of BI Office.[5] In September 2014, Microsoft and Pyramid Analytics partnered with Hospital Physical Partners (HPP) to leverage their BI to "drive revenue and stay competitive."[6][7]

On October 20, 2015 Pyramid Analytics secured $30 million for their round B of funding led by Viola Private Equity.[8][9]

In 2016, Pyramid Analytics released BI Office Version 6.[10]

In September 2017, Pyramid was featured as a Strong Performer on the “Forrester Wave: Enterprise BI Platforms with Majority On-Premises Deployments, Q3 2017”.[11]

In October 2017, Pyramid Analytics released Pyramid 2018, the next generation of its BI platform. Pyramid 2018 can run on any HTML5-compliant browser. It includes a new graphically based end-user ETL and supports multiple AI engines and languages (R, Python, TensorFlow, Weka, MLIB, SAS runtime and others).[12]

In September 2019, Pyramid Analytics released Pyramid v2020, with several new data connectors and a powerful new augmented analytics server.[13]

In March 2020, Pyramid Analytics secured $25 Million for their growth equity funding round led by Jerusalem Venture Partners (JVP). Participation in this round also included existing investors Sequoia Capital, Viola Growth, and Maor Investments.[14]

In May 2022, it was announced that Pyramid Analytics had secured $120 million in Series E financing, co-led by General Oriental Investments, H.I.G. Growth Partners, and Clal Insurance Enterprises Holdings. The investment came at a "nearly" $1 billion valuation.[15]

Pyramid Analytics’ software is used by companies, universities, and organizations, including the US Department of Veteran Affairs,[16] Boise State University,[17] Swiss Army, EMC, HP and Hallmark.[18] They are also partnered with Thorogood,[19][20] AAJ technologies,[19][21] and Blackboard Analytics,[22] among others.

## Product

Pyramid develops and sells a data analytics platform using the marketing term "decision intelligence" – meaning - it is a platform that enables non-technical people to analyze data and make faster, more intelligence decisions.

Pyramid’s decision intelligence platform consists of data preparation, data science and business analytics modules with AI capabilities.

Pyramid’s PYRANA query engine launched in 2018 as a new query engine that runs directly on data lakes, OLAP and relational, and other types of data sources to boost query performance for different analytics initiatives.

## References

1. ↑ "Bloomberg: Business Week, October 7, 2013". investing.businessweek.com. http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=232000339. Retrieved 2013-10-07.
2. ↑ "Sequoia Technology". www.sequoiacap.com. http://www.sequoiacap.com/israel/technology/. Retrieved 2013-03-01.
3. ↑ "Globes News, May 13, 2013". globes.co.il. http://www.globes.co.il/en/article-1000829733. Retrieved 2013-05-13.
4. ↑ "Gartner". www.gartner.com. 2014-02-20. https://www.gartner.com/doc/2668318/magic-quadrant-business-intelligence-analytics. Retrieved 2016-09-19.
5. ↑ "Navicon Updates, February 17, 2014". http://www.navicongroup.com/about/news_and_doings/news/3554/. Retrieved 2014-02-17.
6. ↑ "Using Healthcare to Analytics to Drive Revenue and Stay Competitive". Schmuland, Dr. Dennis. http://www.microsoft.com/en-us/health/blogs/using-healthcare-analytics-to-drive-revenue-and-stay-competitive/default.aspx#fbid=948jSlP9tOO. Retrieved 2014-09-14.
7. ↑ "Rallying the Troops: What it Takes to Make the Case for a Technology Investment". Microsoft for Work Blog. 2014-09-04. https://blogs.microsoft.com/work/2014/09/04/rallying-the-troops-what-it-takes-to-make-the-case-for-a-technology-investment/#sm.00133srir1c47cyhr6w1l7wiehj12. Retrieved 2016-09-19.
8. ↑ "Pyramid Analytics raises $30M to boost its business-intelligence platform". GeekWire. 2015-10-20. http://www.geekwire.com/2015/pyramid-analytics-raises-30m-to-boost-its-business-intelligence-platform/. Retrieved 2016-09-19.
9. ↑ "Pyramid Analytics raises $30M to boost business platform". Seattle Times. 2015-10-20. http://www.seattletimes.com/business/technology/pyramid-analytics-raises-30-million-to-boost-business-platform/. Retrieved 2016-09-19.
10. ↑ "Pyramid Analytics Announces BI Office Version 6". Market Wired. 2016-03-14. http://www.marketwired.com/press-release/pyramid-analytics-announces-bi-office-version-6-2105621.htm/. Retrieved 2016-09-19.
11. ↑ "The Forrester Wave™: Enterprise BI Platforms With Majority On-Premises Deployments, Q3 2017". Forrester. 2017-09-11. https://reprints.forrester.com/#/assets/2/904/'RES129453'/reports/. Retrieved 2017-09-11.
12. ↑ "Pyramid Analytics introduces Pyramid 2018: the Analytics OS". Market Wired. 2017-10-31. http://www.marketwired.com/press-release/pyramid-analytics-introduces-pyramid-2018-the-analytics-os-2238994.htm/. Retrieved 2017-10-31.
13. ↑ Analytics, Pyramid (2019-09-24). "Pyramid Analytics Announces Pyramid v2020, An Adaptive User Experience to Serve All Analytics Skill Sets". http://www.globenewswire.com/news-release/2019/09/24/1920015/0/en/Pyramid-Analytics-Announces-Pyramid-v2020-An-Adaptive-User-Experience-to-Serve-All-Analytics-Skill-Sets.html.
14. ↑ "U.S.-Israeli Pyramid Analytics Raises $25 Million in Funding". https://www.nytimes.com/reuters/2020/03/26/business/26reuters-tech-pyramid-analytics-fundraising.html. Retrieved 27 March 2020.
15. ↑ "Business intelligence firm Pyramid Analytics raises $120M" (in en-US). https://social.techcrunch.com/2022/05/09/business-intelligence-and-analytics-firm-pyramid-analytics-raises-100m/.
16. ↑ "U.S. Department of Veterans Affairs Takes Its Analytic Capabilities to the Next Level with BI Office from Pyramid Analytics". Yahoo! Finance. https://finance.yahoo.com/news/u-department-veterans-affairs-takes-070647590.html. Retrieved 2014-11-12.
17. ↑ "Pyramid Analytics Support". Boise State University Support Site. http://reporting.boisestate.edu/pyramid-analytics-support/.
18. ↑ "Pyramid Analytics: Governed Self-Service Business Analytics for Data Discovery". CIO Review. http://bigdata.cioreview.com/vendor/2014/PYRAMID_ANALYTICS.
19. ↑ 19.0 19.1 "Pyramid Analytics Announces Appointment of Thorogood Associates as Certified Partner". StrategyEye. http://digitalmedia.strategyeye.com/2012/11/08/pyramid-analytics-announces-appointment-of-thorogood/. Retrieved 2012-11-08.
20. ↑ "Data mash-ups with Microsoft BI and Pyramid Analytics". Thorogood Website. http://www.thorogood.com/events/past-events/pyramid-feb-2013. Retrieved 2013-02-12.
21. ↑ "Improve Decision-Making throughout Your Organization". AAJ Technologies Website. http://www.aajtech.com/technologies/pyramid-analytics/.
22. ↑ "Pyramid Partners with Blackboard Analytics for Joint Offering". PRWeb. http://www.prweb.com/releases/2012/11/prweb10073522.htm. Retrieved 2012-11-01.

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