21 August, 2013
Birst Raises Another $38M Led By Sequoia To Expand Its Cloud-Based Business Intelligence Solutions
Rack up one more win for companies looking to overturn legacy enterprise IT with cloud-based services. Birst, a San Francisco-based startup using the software-as-a-service model to sell business intelligence solutions, has raised another $38 million.
The funding is going all towards building out the company: CEO and co-founder Brad Peters tells TechCrunch the plan is to get more aggressive in Europe and Asia, widen its product offerings and staff up in sales and marketing. This Series E round was led by existing investor Sequoia Capital, included participation from other previous investors, and introduced a new backer to the company, Northgate Capital.