The company, a competitor to Tableau Software and others, makes software that helps businesses make sense of sales and other data.
Pyramid Analytics, a business intelligence software company, has raised $30 million from investors, a sum the company says it will put to work expanding its workforce and sales efforts.
Pyramid, which has a North American headquarters and about 15 employees in Bellevue, makes software designed to help businesses make sense of sales or other data and easily share it with others. The company’s headquarters are in the Netherlands, and its primary research and development office is in Israel.
Clients include the U.S. Department of Veterans Affairs, Siemens and Hewlett-Packard. Pyramid competes with the likes of Seattle’s Tableau Software, which operates in the data-visualization field.
“We’ve reached a critical mass to challenge the leaders in this market,” said Omri Kohl, Pyramid’s chief executive. He said the company plans to hire 50 to 70 people by year’s end in the U.S., primarily in sales and marketing roles.
Most Read Business Stories
- Noncompete agreements cost Seattle-area man a new job, lawsuit says
- In photos: The assembly and flight of the final Boeing 747
- Boeing bids farewell to its final 747-8 at Everett plant
- Porsche blunder puts $148,000 sports car on sale for just $18,000
- U.S. housing market cools with prices down 2.5% from peak in June
Investors in Pyramid’s latest fundraising include Viola Private Equity and a second-time investment from Sequoia Capital, the company said in its announcement Tuesday.
Pyramid, founded in 2009, has close ties to Microsoft. In July Microsoft highlighted Pyramid’s aid in developing services for the Redmond company’s own Power BI business-analytics tool.
Kohl said he expects the company to file for a public stock offering in the U.S. in the next two to three years.
“We’re here to build a sustainable, long-term business,” he said. “We’re not here for a quick exit.”