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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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Fabric, a leader in care delivery and consumer experience, has announced the acquisition of UCM Digital Health (UCM), a leading digital health and telehealth provider. The acquisition expands Fabric's services to about 400 new employer and payer customers, adding one million covered lives. Fabric now serves over 75 health systems, 30,000 employers, and over 100 million lives across all 50 states. This marks Fabric’s fifth acquisition in less than three years, underscoring its strategic build-and-buy approach to unify the fragmented digital health landscape. By expanding its footprint in the payer and employer markets, Fabric is extending its comprehensive care access and experience platform paired with its nationwide provider network to streamline virtual-first care, expand access, improve efficiency and outcomes, and reduce both medical and overhead costs.

In a statement Aniq Rahman, CEO and Founder of Fabric said, "For Fabric, it’s about making healthcare more accessible.” “We’ve already made meaningful progress in the payer and employer markets, and this acquisition allows us to deepen that impact. By bringing more payers and employers onto our platform, we’re creating a connected experience that streamlines workflows, reduces friction and costs, and ultimately drives better outcomes for members and our partners." Moving forward, the 400 payers and employers served by UCM will transition to Fabric’s expanded technology and clinical network, gaining access to enhanced omnichannel patient experiences that improve efficiency before, during, and after virtual care. Through Fabric’s nationwide provider network, patients can receive a treatment plan for most common medical conditions in just five minutes or connect with a behavioral health provider within three days.

Fabric is a health tech company on a mission to solve healthcare’s access problem. Fabric’s integrated care platform offers personalized guidance, streamlines workflows, and unifies experiences across virtual and in-person care. Its solutions support care delivery from a patient’s first search to post-treatment follow-up using its proprietary Hybrid AI that combines conversational AI and physician-built clinical logic. Together with a nationwide network of medical and behavioral health providers, Fabric is realizing its vision of providing care for everyone, everywhere. The company advances connected delivery that improves access, outcomes, and equity across every stage of the patient journey. Today, Fabric serves 30,000 employers, payers, and enterprise organizations, including OSF HealthCare, MUSC Health, Highmark, and Intermountain Health. Fabric is backed by General Catalyst, Thrive Capital, GV (Google Ventures), Salesforce Ventures, Vast Ventures, BoxGroup, and Atento Capital.
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Flex has closed a $60 million Series B equity round led by Portage, bringing total equity raised to $105 million. In the last year, the company has quadrupled revenue and tripled its payments volume to $3 billion as it scales its all-in-one business and personal finance platform for high-net-worth middle-market business owners. Running a profitable middle-market business has become one of the most complex financial jobs in America, with owners often juggling more than ten disconnected systems to manage their money. Flex was created to give these high net worth owners a single place to run both their business and personal finances. This latest $60 Million equity round, followed by its $200 Million debt and $25 Million equity raise announced earlier this year, builds on a period of rapid hypergrowth. In just 12 months, Flex has grown revenue fourfold and increased annualized total payments volume from $1 billion to $3 billion across a suite of products, positioning Flex as one of the fastest-growing fintech companies at scale with best-in-class capital efficiency.

Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. These customers now use an average of four or more Flex products. Flex’s Business Credit Card, which provides 60-day float on every transaction, has been a major driver of adoption, acting as the wedge into deeper financial operations. Once owners experience the benefits of the Flex Credit Card, they often go on to adopt Flex’s banking, payments, working capital, and expense management tools to replace fragmented legacy systems. This integrated model has allowed Flex to scale with high efficiency and has created a strong foundation for its expansion into personal finance.

Launched in 2023, Flex a Flexbase Technologies brand is the AI Native “Private Bank” for high net worth business owners in the middle market. Flex is building the category-defining company solving this gap for high net worth business owners with a five-pillar strategy built around private credit, a business finance stack, a personal finance stack, payment solutions, and an ERP built for middle market businesses. Flex is the first platform that supports every step of their financial lives, from the moment they earn revenue to the moment they spend it personally.
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Across the United States, a new industrial age is taking shape. Trillions of dollars in infrastructure, from energy projects and advanced manufacturing to data centers and critical mineral facilities, must be built in the next decade. But large construction projects are slower and more expensive today than they were half a century ago. Unlimited Industries, a California-based company using AI to rethink how infrastructure gets built, has raised $12 million in seed funding to change that. The round was co-led by Andreessen Horowitz and CIV, with participation from leading industry investors. The capital will accelerate Unlimited’s expansion and further develop its proprietary AI platform – one designed to make large-scale engineering and construction faster, cheaper, and more ambitious.

Unlike traditional construction firms or standard software companies, Unlimited is an AI-native construction company that both designs and builds. Its proprietary platform can generate and evaluate hundreds of thousands of design configurations in parallel, automatically identifying optimal layouts for cost, safety, and performance before construction begins. By integrating AI-driven design with its own vertically integrated engineering and construction teams, Unlimited eliminates the costly handoffs and misaligned incentives that have defined the industry for decades.

In a statement Alex Modon, Co-Founder and CEO of Unlimited Industries said, “Advances in AI mean we can finally build the physical world the way we build software.” “The traditional construction model is slow, brittle, and fundamentally misaligned. Our approach replaces static design choices with a dynamic, data-driven process that learns from every project. The result is faster, cheaper, and more successful projects.”

Unlimited is an AI-native construction company headquartered in San Francisco. Today, the company designs and builds across energy infrastructure, data centers, critical minerals, and advanced manufacturing, helping developers build with greater speed, ambition, and efficiency. Their mission is to build a future of radical physical abundance by automating construction end-to-end. The company was founded in 2025 by serial founders Alex Modon, Jordan Stern, and Tara Viswanathan.
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