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Business Intelligence Platform Omni Announces Additional $20M in Capital From Theory Ventures

Business Intelligence Platform Omni Announces Additional $20M in Capital From Theory Ventures

March 14, 2024 Craig Etkin

Adds Former Looker CRO Lambert Billet to Board

March 14, 2024 11:00 AM Eastern Daylight Time

SAN FRANCISCO–(BUSINESS WIRE)–Business intelligence platform Omni today announced it has raised $20M from Theory Ventures. In addition, the company shared that Lambert Billet, who spent over a decade as the Chief Revenue Officer at Looker and another decade growing enterprise software solutions for companies like Oracle and HP, has joined the board of directors. Omni will use the capital to continue to build its platform.

“We’ve seen Lambert’s exceptional track record and ability to build and lead high-performing teams firsthand, so we know he’ll be a great addition to our board as we embark on this next phase of growth”

“Until now, BI tools have forced you to choose between a governed tool that provides consistent metrics or a flexible one that makes it easier for everyone to use data. You never get both without buying multiple tools, which defeats a lot of the purpose. We built Omni so you don’t have to compromise. Everyone should be able to trust and use their data,” said Omni CEO and co-founder Colin Zima.

“We’ve seen Lambert’s exceptional track record and ability to build and lead high-performing teams firsthand, so we know he’ll be a great addition to our board as we embark on this next phase of growth,” said Jamie Davidson, Omni co-founder and President. “We’re grateful for his expertise and guidance at Omni.”

“Throughout my career, I’ve been very fortunate to work with some of the fastest-growing companies. Omni is on that trajectory. The customer growth they’ve achieved since launching is validation that they’re tackling the biggest unsolved problem in BI. After taking some time off, I couldn’t resist jumping at the chance to play a part in helping them build,” said Lambert Billet, Omni Board Member and Former Chief Revenue Office at Looker.

Companies across the globe, including The Rounds, Ascend, Rose Rocket and Ubaq, rely on Omni to:

  • Increase data access and self-service – companies achieve up to 100% corporate adoption within the first month of implementation
  • Reduce software costs – companies save as much as 75% when switching from Looker to Omni
  • Save technical resources – companies see an 80% reduction in questions to the data team after implementing Omni

“Planet provides data and analytics that are mission critical to companies and governments all over the world, so getting our own internal data right is critical,” said Kevin Weil, President of Planet, the leading provider of global, daily satellite imagery and geospatial solutions. “Using Omni has provided our teams with fast development tooling with an emphasis on flexibility for users to get the insights we need.”

“Omni picked up where Looker left off. Based on the team’s experience helping thousands of companies with their data over the last decade, Omni is addressing a lot of the gaps left by previous generations of BI — and bringing a lot of new features to the table. Just two years in, it’s remarkable to see how they’re bringing about the next generation of data by bringing more users under the tent,” said Tomasz Tunguz, founder of Theory Ventures. “I’m thrilled to double down on Omni.”

Omni rolled out commercial availability last February — one year after being founded. Since then, development has continued to accelerate to launch improvements, from making it easier to model data and integrate with dbt to new methods for data delivery, including email and Slack. Late last year, Omni launched its second core product, embedded analytics, to make it easier for companies to add data into their product. This month, it announced Calculations AI, which uses an LLM to inject spreadsheet-style formulas directly into Omni tables.

“Our goal at Omni is to make BI better — faster, more flexible and powerful — without adding unnecessary complexity,” said Christopher Merrick, CTO and Co-Founder at Omni. “We leaned into SQL and Excel syntax because people love and trust them. With AI, we’ve taken the same approach by marrying a natural language UI to our data model to ensure accuracy and usability. It’s simple to use and will save you a ton of time.”

Join Colin and Tomasz for Office Hours Friday, 3/15 at 9:30 a.m. PT; register here.

Contacts

jon@omni.co

(c)2024 Business Wire, Inc., All rights reserved.


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TAE Technologies, the leading fusion energy company developing the cleanest and safest approach to commercial fusion power, today announced that it has raised more than $150 million in its latest funding round, exceeding the company’s initial target for the round. Chevron, Google and NEA participated in the round, among other new and existing investors. TAE has the option to raise additional capital as part of this funding round. With more than $1.3 billion in equity capital raised since inception, this latest fundraise further validates TAE’s distinctive approach to commercial fusion.

In a statement Michl Binderbauer, CEO of TAE Technologies, said: “Fusion has the potential to transform the energy landscape, providing near-limitless clean power at a time when the world’s energy needs are growing exponentially due to the growth of AI and data centers. TAE’s technology uses the soundest physics to deliver superior performance in a compact machine, with attractive economics and best-in-class maintainability. We are leading the charge to develop revolutionary fusion technology for full-scale commercial deployment.”

TAE was founded in 1998 to develop commercial fusion power with the cleanest environmental profile. The company has established itself as a leader in an industry that has the potential to transform the energy economy. Since 2014, TAE and Google Research have worked together to accelerate fusion science using cutting-edge machine learning. Google engineers worked onsite at TAE facilities to co-develop advanced plasma reconstruction algorithms, leading to significantly improved plasma lifetime and performance. Fusion is nature’s preferred source of energy. It is the same process that powers the sun and stars, and it is what makes life viable on Earth. When lighter elements fuse under immense heat and pressure, they form new elements and release a tremendous amount of energy. This process is safer than conventional nuclear power because fusion can be stopped at any time – eliminating the risk of a power plant meltdown. TAE remains singularly committed to advancing the frontiers of science and innovation to benefit humanity. With a steadfast resolve to redefine the energy landscape, TAE Technologies is at the forefront of the fusion revolution, poised to usher in a new era of sustainable and limitless power generation for a better tomorrow.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the successful closing of the first $250 million tranche of a previously announced strategic investment from Toyota Motor Corporation. The funding marks a significant milestone in strengthening the long-term collaboration between the two companies and supports their shared vision for the future of air mobility. The investment is aimed at supporting certification and commercial production of Joby’s electric air taxi. This underscores the mutual commitment to deepening integration and delivering next generation travel to global markets. This investment also puts the two companies a step closer toward a strategic manufacturing alliance.

In a statement JoeBen Bevirt, founder and CEO of Joby said, “We’re already seeing the benefit of working with Toyota in streamlining manufacturing processes and optimizing design.” “This is an important next step in our alliance with Toyota to scale the promise of electric flight. With this capital and Toyota’s legendary production expertise, we’re enhancing our ability to scale cutting-edge design and manufacturing to meet the demands of our partners and customers.”

Joby Aviation is a California-based transportation company developing an all-electric, vertical take-off and landing air taxi which it intends to operate as part of a fast, quiet, and convenient service in cities around the world. Powered by six electric motors, their aircraft takes off and lands vertically, giving it the flexibility to serve almost any community. Flying with Joby might feel more like getting into an SUV than boarding a plane. The company's aerial ridesharing service will combine the ease of conventional ridesharing with the power of flight. A green alternative to driving that's bookable at the touch of an app. With more than 30,000 miles flown on full-scale prototype aircraft, their aircraft is designed to meet the uncompromising safety standards set by the FAA and other global aviation regulators. Joby Aviation is now engaged in a multi-year testing program with the FAA to certify their vehicle for commercial operations, and have completed the first three of five stages.
Source: http://go.intelligence360.io/ and https://intelligence360.news/

Infinite Reality, an innovation company powering the next generation of immersive media, AI, and ecommerce, today announced a landmark real estate partnership with renowned real estate investment, development and management firm Sterling Bay to co-develop a 60-acre site in Fort Lauderdale into a next-generation technology and entertainment campus. This ambitious redevelopment—expected to open in 2026—will serve as Infinite Reality’s new global headquarters and is the cornerstone of iR’s long-term real estate strategy, which begins with this flagship project in South Florida. The public-private project marks one of the largest creative economy investments in the area to date, aiming to generate more than 1,000 new jobs with an average salary of six figures and deliver long-term economic growth to the region. Located at 1400 NW 31st Avenue on the site of a remediated former Superfund property, the development features over 100,000 square feet of Class A office space for media, tech, and enterprise clients. Construction is expected to begin in early 2026, pending completion of permitting and design phases.

In a statement John Acunto, co-founder and CEO of Infinite Reality said, “This isn’t just a headquarters—it’s the heart of Infinite Reality’s future. As a proud South Florida resident, this project is deeply personal to me.” “It’s about transforming a community I love into a global hub for immersive technology and creativity. We’re building opportunity, fueling innovation, and laying the foundation for a lasting legacy. Partnering with a world-class development firm like Sterling Bay ensures that this vision is realized at the highest level—and that Fort Lauderdale becomes a defining force in the future of the digital economy.”

In addition to serving as a corporate campus, the site will include flexible spaces for retail, production, digital broadcasting, and entertainment ventures. The development also includes educational initiatives in partnership with local institutions to train and hire future talent in STEM, immersive tech, and creative production. Infinite Reality is an innovation company powering the next generation of digital media and ecommerce through spatial computing, artificial intelligence, and other immersive technologies. Infinite Reality’s suite of cutting-edge software, production, marketing services, and other capabilities empower brands and creators to craft inventive digital experiences that uplevel audience engagement, data ownership, monetization, and brand health metrics.
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