BI firm Looker Data secures $16 million in VC funding

Looker Data Sciences has raised $16 million in venture funding in a round led by Redpoint Ventures.

Looker, which launched its Looker BI Platform in March 2013, has doubled its customer base to more than forty data-driven customers, and has seen its prospect opportunity pipeline grow well over 300 percent.

Looker enables businesses to engage with data interactively and allows high-resolution drill-down on their data, leading to extremely high levels of engagement.

On average, a Looker customer spends more than two hundred and fifty hours a month using Looker to engage with data—and typically with terabyte-scale datasets.

“We’re Business Intelligence for the under-40 crowd, and the response to our product really shows that we’ve found a substantially underserved market that was ripe for innovation,” said Frank Bien, CEO of Looker.

The company will use the funds to build out its sales team, hire additional engineering talent, and invest in operational infrastructure.

Expansion has begun with a new VP of Sales, Lambert Billet, who joins Looker from Endeca (acquired by Oracle in 2011), with previous sales leadership positions at HP, Vignette, Sun, and others.

Billet will expand the sales team and national presence to deliver Looker’s BI platform to the many organizations seeking to capitalize on the next generation of data discovery.

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