Omni, a business intelligence (BI) platform designed to streamline data exploration, has announced the successful completion of a $69 million Series B funding round. The investment was led by ICONIQ Growth, with participation from Theory Ventures, First Round Capital, Redpoint Ventures, GV, and Snowflake Ventures. This latest round propels Omni’s valuation to $650 million, marking a significant milestone on the company’s third anniversary.

A New Approach to Business Intelligence

The BI landscape has long been defined by legacy solutions that struggle to balance flexibility, usability, and depth. Omni entered the space with a vision to create a unified platform where users can explore data through SQL, spreadsheets, AI, and intuitive interfaces. By addressing the fundamental challenges of traditional BI tools, the company has achieved eightfold growth in both revenue and customer usage over the past year.

Bridging the Gap in Data Analytics

Data is abundant, yet most tools in the market fail to cater to the diverse needs of analysts, business users, and developers alike. Omni has positioned itself as a solution that eliminates trade-offs between speed and accuracy, functionality and ease of use. With a layered architecture, the platform supports both internal analytics and customer-facing data applications, allowing businesses to progressively unlock deeper insights without compromising control or performance.

AI-Powered and Grounded in Accuracy

As artificial intelligence continues to reshape BI, Omni ensures that its AI-driven insights remain reliable and trustworthy. The platform’s semantic layer serves as a strong foundation, enabling users to generate accurate outputs regardless of whether they interact through natural language, SQL, or other methods. By rooting AI capabilities in structured and verified data, Omni distinguishes itself from competitors offering generic and often unreliable AI-generated analytics.

Building in Public and Shipping Rapidly

Omni’s development philosophy is centered on transparency and continuous improvement. The company shares its progress openly, with over 700 publicly available videos showcasing weekly updates across the platform. This commitment to building in the open reflects its core value of rapid iteration and customer-driven enhancements, fostering trust within its growing community of users.

A Team with Industry-Defining Expertise

Behind Omni’s success is a seasoned team of technologists whose work has shaped the BI industry for over a decade. With experience spanning some of the most influential data and analytics companies, the team has leveraged its expertise to craft a platform that redefines the standard for BI solutions. Their collective knowledge and relentless focus on product excellence have positioned Omni as a leader in the competitive BI landscape.

With fresh capital and an expanding customer base, Omni is poised to accelerate its mission of unifying data analytics. The company aims to further enhance its platform, scale operations, and deepen partnerships to bring its vision to a wider audience. As Omni continues to challenge conventional BI solutions, its impact on the data-driven decision-making space is set to grow even further.