Investments, News

Another BI startup Birst raised $38 million in series E funding round

BirstBirst, a San Francisco based Business Intelligence service providing startup with its roots in cloud technology has raised another $38 million in a Series E led by Sequoia Capital. The investment round also includes a new investor, Northgate Capital with a few previous investors including Hummer Winblad and DAG Ventures.

Birst was founded in 2004 and has now raised a total of 84 million, with its last round of $26 million Series D landed in May 2012, which was also led by Sequoia.

Birst is prominently known among the global leaders of software-as-a-service BI offerings from its own network. In 2011, the company started selling its softwares to businesses establishing its roots on to another path rather than just relying on Saas based model.

With this new round, the company said that it is going to expand into Europe, Asia and the Middle East – with already having a names like American Express, Cisco, CSC, InterContinental Hotels Group, Leapfrog, Samsung under its clientele list with a lot more.

Recently there has been a lot of activity regarding fundraising in the BI field including last week’s Looker’s (US based) 16 Mn funding. Other such startups who have recently raised funds include GoodData’s 22 Mn (US based). Tidemark’s $13 Mn (US based) and a few more.

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