NEWS10 August 2020

Mode Analytics raises $33m in Series D funding

Data analytics Financials New business News North America

US – Data analytics platform Mode Analytics has generated $33m in its Series D funding round.

Investment money growth_crop

The funding round was led by HIG Growth Partners, with support from Valor Equity Partners, Foundation Capital, REV Venture Partners and Switch Ventures.

Mode Analytics will use the funding to invest in its analytics platform, which combines analytics and business intelligence, data science and machine learning.

The company has raised a total of $83m in funding so far.

Scott Hilleboe, managing director at HIG Growth Partners, said: “Mode goes beyond traditional Business Intelligence by making data faster, more flexible and more customised.

“We believe the company’s innovations in data analytics uniquely position it to take the lead in the Decision Science marketplace.”