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Top 10 Business Intelligence Funding and Investments in 2021



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September 29, 2021

Business intelligence combines analytics, data mining, data visualization, data tools, and infrastructure. It is one of the best practices that help organizations make more data-driven information. Analysts can leverage BI to provide performance and market competition guidelines to make the organization run smoother and more efficiently. According to reports, BI global revenue is expected to rise to US$22.8 billion by the end of 2021, with additional growth of US$29.48 billion by the end of 2022.

This article provides the top 10 business intelligence funding and investments done in 2021.

 

• Sisu

Amount raised: US$62 M

Transaction Type: Series C

Investor(s): Green Bay Ventures, Geodesic Capital, and others.

Sisu is a decision intelligence engine that allows its users to quickly and comprehensively leverage their cloud data to under the nature of the occurrences and data and the right action that can be taken. The company’s mission is to operationalize the data to enable everyone to make the best possible decisions.

 

• MDOTM

Amount raised: US$7.24 M

Transaction type: Series B

Investor(s): Not specified

MDOTM develops AI-driven investment strategies for institutional investors. The company believes in combining scientific reasoning with the latest technologies and AI to navigate the increasing complexity by extracting signals hidden in the financial markets to get an edge.

 

• CRMNEXT

Amount raised: US$16 M

Transaction type: Series B

Investor(s): Ascent Capital and Avataar Venture Partners.

CRMNEXT is a specialist in customer relationship management. Its customers include several of the largest and fastest-growing brands in the world. It is helping its customers to set the standard for removing obstacles and friction across channels, establishing award-winning customer engagement and efficient business growth.

 

• Tonkean 

Amount raised: US$50 M

Transaction type: Series B

Investor(s): Lightspeed Ventures

Tonkean provides its customers with high-class no-code orchestration platforms for various business operations, transforming operations teams from facilitators into makers. It enables enterprises to accelerate operational speed and efficiency.

 

 

• InCorta

Amount raised: US$120 M

Transaction type: Series D

Investor(s): Silicon Valley Bank, Sorenson Capital, and others.

It is a data analytics company on a mission to help data-driven companies to be more agile and competitive by resolving their most complex data analytics challenges. The company’s direct data platform translates complex information from different sources into clear intelligence.

 

• Slintel

Amount raised: US$20 M

Transaction type: Series A

Investor(s): Sequoia Capital India, GGV Capital, others.

Slintel captures technographic-powered buying intent to help companies identify potential buyers in their target market. It evaluates over 100 million data points and analyzes factors such as buyer journeys, technology adoption patterns, and other digital footprints to deliver sales and market intelligence.

 

• Apptopia

Amount Raised: US$20 M

Transaction type: Series C

Investor(s): ABS Capital Partners, Newfund Capital, and others.

This company provides services in application analytics, data mining, business intelligence for the mobile industry. It uses big data technologies to collect and measure user engagement statistics for mobile applications.

 

• Nearby

Amount raised: US$21 M

Transaction type: Series A

Investor(s): GVA, Cowboy Ventures, and others.

Nearby is a computer software company that helps businesses and companies to connect with nearby customers. It helps businesses put their inventories online and add their stores to the online marketplace.

 

• Aftership

Amount raised: US$66 M

Transaction type: Series B

Investor(s): Tiger Global Management and GL Ventures

Aftership empowers e-commerce businesses to grow and bring the best shopping experiences to their customers. This platform offers a suite of automation tools to help businesses with sales, marketing, order management, and shipment tracking.

 

• Affogata

Amount raised: US$5.5 M

Transaction type: Seed Fund

Investor(s): Wix Capital, Mangrove Capital Partners, and others.

Affogata is a customer intelligence firm that gathers information from a range of open data sources. Its platform collects data from internal sources, as well as the open web, and also from customer conversation platforms.

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