SANTA CRUZ, Calif.--(BUSINESS WIRE)--Looker today announced it has closed a Series E financing round of $103 million led by Premji Invest, with new investment from Cross Creek Advisors and participation from Looker’s current investors. Looker has raised a total of $280.5 million since 2013.
Looker provides the new Platform for Data -- streamlining the data supply chain to put real, actionable information into the hands of all employees, when they need it. Looker consolidates fragmented data tools, from data preparation to visualization and cataloging to governance, into a single unified platform that accelerates time-to-insight. Utilizing a simple SaaS approach that leverages fast cloud databases, Looker allows any organization to extract value from their data at web scale. Looker delivers powerful applications through its platform, including Business Intelligence, business-specific solutions such as Digital Marketing Analytics and Web Event Analytics, and a flexible, embedded analytics framework, Powered by Looker. Additionally, Looker empowers a global ecosystem of partners and developers to easily build third-party applications on its platform.
“We believe that data becomes exponentially more valuable when it is intelligently integrated together, at scale, across the entire organization, so Looker took a uniquely different and modern approach to the myriad of point solutions and single-use data tools,” said Frank Bien, CEO of Looker. “We built a new platform for data that greatly simplifies the data supply chain, so organizations can extract value from their data more quickly. We are pleased to have Premji and Cross Creek invest in Looker and in our vision to bring a new class of data platform to companies around the world.”
“At Premji, we look for the highest quality companies that are uniquely positioned to become leaders in their industry,” said Sandesh Patnam, lead partner at Premji Invest in the U.S. “We chose to invest in Looker because we were impressed with Looker’s business execution, product differentiation and vision. We are excited to lead this round to support Looker’s rapid growth and improve their position in a growing industry.”
In 2018, Looker’s revenue grew 70% year-over-year* while adding almost 500 new customers, including Cisco, ESPN, Marks and Spencer Plc, Trivago, Adyen, Live Nation Entertainment, Bell Media, SunRun, Inc., and Five Guys. More than 185,000 people at over 1600 companies around the world combine to use Looker for 67 million minutes each month.
Looker now has nearly 600 employees, adding more than 200 employees throughout its seven offices in 2018. Earlier this year, Looker expanded operations into Tokyo, Japan to support current customers in the region and drive growth across Asia-Pacific.
In 2018, Looker was named an Enterprise Business Intelligence Leader in the Gartner FrontRunners report, received a perfect Recommend score from customers in the Wisdom of Crowds Business Intelligence report from Dresner Advisory Services, named a Leader for Business Value in BARC’s The BI Survey 18, and once again was named a Leading BI Vendor in the G2 Crowd Business Intelligence Platforms report.
About Looker
Looker is a unified Platform for Data that delivers actionable business insights to every employee at the point of decision. Looker integrates data into the daily workflows of users to allow organizations to extract value from data at web scale. Over 1600 industry-leading and innovative companies such as Sony, Amazon, The Economist, IBM, Spotify, Etsy, Lyft and Kickstarter have trusted Looker to power their data-driven cultures. The company is headquartered in Santa Cruz, California, with offices in San Francisco, New York, Chicago, Boulder, London, Tokyo and Dublin, Ireland. Investors include CapitalG, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures and Goldman Sachs. For more information, connect with us on LinkedIn, Twitter, Facebook and YouTube or visit looker.com.
*For 12-month period beginning October 31, 2017 and ending October 31, 2018
Looker and associated marks and trademarks are registered trademarks of Looker Data Sciences, Inc. All other company and product names may be trademarks of their respective owners.
This press release contains forward-looking statements including, among other things, statements regarding the expected performance and benefits of Looker’s offerings. The words "believe," "may," "will," "plan," "expect," and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to risks, uncertainties, and assumptions. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Risks include, but are not limited to Looker’s limited operating history and experience developing and introducing new products; risks associated with Looker’s rapid growth; Looker’s inability to realize value from its significant investments in its business, including product innovations and slower than anticipated growth in our market. Looker assumes no obligation to, and does not currently intend to, update any such forward-looking statements after the date of this release.
