With 400 percent annual growth and now more than 250 customers strong, Looker joins the ranks of the fastest growing SaaS companies
SANTA CRUZ, Calif. – March 11, 2015 – Looker, provider of the SaaS business intelligence (BI) platform creating data-driven companies, today announced it has raised a $30 million Series B financing round led by Meritech Capital Partners, with participation from Sapphire Ventures (formerly SAP Ventures), and existing investors Redpoint Ventures, First Round Capital and PivotNorth.
Looker experienced 400 percent growth in 2014 and now surpasses 250 customers since its launch less than two years ago, distinguishing Looker as the fastest growing SaaS company in the BI space. Looker customers represent the brightest and most exciting companies in their fields, from world-class enterprises to innovative technology companies, including Yahoo!, Warby Parker, Asana, Instacart, Docker, Venmo, Upworthy and Gilt.
Carl Anderson, director of data science at Warby Parker, commented, “Warby Parker is a data-driven company and Looker makes that possible. Looker provides our analysts with an intuitive, powerful environment to ask deeper, richer and more nuanced questions that help us make the best, confident decisions. In addition, Looker’s access and sharing model allows us to democratize data and provide timely and relevant information to the team at large.”
Looker makes it easy for data analysts to create and curate custom data experiences—so everyone in the business can explore the data that matters to them in the context that makes it truly meaningful. By making the data needed for better decision-making far more accessible to everyone who needs it, Looker helps people from all parts of a company become data-driven, together.
“Rob Ward and Meritech are known for picking the best success stories in BI. We’re honored that they chose to invest in Looker, validating our quick growth and future outlook,” said Frank Bien, CEO at Looker. “Rob’s industry insights and guidance will be invaluable, especially as Looker continues experiencing tremendous momentum.”
“Looker’s game-changing SaaS platform, which gives unprecedented access to business users in any department, combined with its accelerated growth and broad customer list, makes the company a compelling investment,” said Rob Ward, managing director at Meritech Capital Partners. “The BI market is experiencing a renaissance as data analysts and business users demand more than visualization and discovery from their tools. We expect Looker to lead the charge and become a dominant player.”
Ward led Meritech’s investments in Tableau, Cloudera, Greenplum and other prominent data companies. He will be joining Looker’s board.
“These new investments reaffirm Looker’s commitment to creating data-driven cultures, not just providing another analysis tool,” said Dave Hartwig, managing director at Sapphire Ventures. “At Sapphire Ventures we focus on identifying and accelerating transformation in enterprise IT. Looker is clearly set up to challenge and transform the established BI industry, helping entire companies become data-driven through transparent access to data, a powerful analysis environment and unrivaled support.”
Looker is a Web-based business intelligence platform that brings people and data together, in context. Looker puts actionable data in the hands of the people who need it most, through a unique data description language called LookML. With LookML, analysts can create and curate custom data experiences—so any employee can explore and utilize the data that’s most relevant to them. Purpose-built for the next generation of analytic databases, Looker integrates with Amazon Redshift, Teradata Aster, HP Vertica, Greenplum, Impala, Bigquery and Spark, among others. More than 250 industry leaders trust Looker to unleash the power of their data, including Yahoo!, Warby Parker, Asana, Instacart, Docker, Venmo, Upworthy, Gilt and more. The company is headquartered in Santa Cruz, California, with offices in San Francisco, New York and London. Investors include Meritech Capital Partners, Redpoint Ventures, First Round Capital, Sapphire Ventures and PivotNorth. For more information, follow @lookerdata or visit http://www.looker.com.
About Meritech Capital Partners
Meritech Capital Partners is a leading provider of late-stage venture capital to category- defining private technology companies, and has been one of the top performing venture firms of the past decade. With over $3 billion under management, Meritech primarily leads investments into companies with proven and differentiated technology, rapidly-growing revenue and experienced management teams. With one of the most active venture portfolios in Silicon Valley, Meritech has experience in, and provides guidance on issues facing rapidly growing companies including management incentive plans, IPO market timing and positioning, M&A strategies and negotiations and adviser selection. Meritech investments in industry-leading companies include Acclarent, Box, Cloudera, Cornerstone-OnDemand, Facebook, Fortinet, Fusion-io, Greenplum, Hybris, Netezza, NetSuite, Proofpoint, PopCap, Riverbed, Salesforce.com, Sourcefire, Tableau and Zulily. Meritech is located in Palo Alto, CA and can be found at www.meritechcapital.com.
About Sapphire Ventures
Sapphire Ventures is focused on helping today’s most innovative technology companies become global category-defining leaders. Leveraging nearly two decades of experience and an extensive global enterprise network, Sapphire Ventures invests capital, resources and expertise to enable its portfolio companies to scale rapidly. Whether entrepreneurs sell to businesses, consumers or both, Sapphire Ventures offers a powerful platform for business development and operational excellence to help them accelerate growth. With $1.4 billion under active management via direct growth investments and an early-stage fund of funds strategy, Sapphire Ventures is uniquely positioned to elevate companies to the global stage. Find us in Palo Alto and London and at www.sapphireventures.com. Follow us @sapphirevc.