An extra $20 million in funding was raised by Omni, a business information platform provider situated in San Francisco, California.
Theory Ventures led the funding round.
The money will be used by the business to keep expanding its platform.
Omni, under the direction of CEO Colin Zima, offers an intelligence platform that blends SQL with a shared data model. Embedded analytics, the company’s second main product, was introduced late last year to help businesses incorporate data into their products more easily.
They unveiled Calculations AI this month, which inserts spreadsheet-style formulae straight into Omni tables via an LLM.
Businesses all across the world, such as Ubaq, The Rounds, Ascend, and Rose Rocket, use it to:
- Boost self-service and data access.
- Cut back on the price of software.
- Don’t waste technological resources.
Colin Zima responded to the announcement by saying, “Up until now, BI tools have forced you to choose between a flexible tool that makes data easier to use for everyone and a governed tool that provides consistent metrics.” It is impossible to have both without purchasing numerous instruments, which negates much of the point.
Omni was created to eliminate the need for compromise. It should be possible for everyone to use and trust their data.
