NEWS18 March 2024

Omni raises $20m funding

B2B News North America

US – Business intelligence platform Omni has raised $20m in funding from investment firm Theory Ventures.

pile of coins and financial graphs

Following the deal, Omni has also named Lambert Billet, former chief revenue officer at Looker, to its board of directors.

The funding will help Omni build its platform, which helps users model and deliver data.

The firm launched in 2022 with wider commercial availability from February 2023, led by a team that was behind the technology firms Looker and Stitch.

Late last year, Omni launched its second core product, Embedded Analytics, and earlier this month released Calculations AI, which uses a large language model to inject spreadsheet-style formulas directly into Omni tables.

Lambert Billet said: “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 business intelligence. After taking some time off, I couldn’t resist jumping at the chance to play a part in helping them build.”

Jamie Davidson, co-founder and president at Omni, said: “We’ve seen Lambert’s exceptional track record and ability to build and lead high-performing teams first-hand, so we know he’ll be a great addition to our board as we embark on this next phase of growth.

“We’re grateful for his expertise and guidance at Omni.”

Tomasz Tunguz, founder of Theory Ventures, said: “Omni picked up where Looker left off.

“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. I’m thrilled to double down on Omni.”