Data Platform Provider Looker Closes $103M Series E Financing Round

Looker, a new data platform streamlining the data supply chain to put real, actionable information into the hands of all employees, when they need 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. Since 2013, Looker has raised $280.5 million in total funding.

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.

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, and Five Guys. More than 185,000 people at over 1600 companies around the world would combine to use the Looker data platform for 67 million minutes each month.

The applications delivered through the Looker platform include Business Intelligence, business-specific solutions such as Digital Marketing Analytics and Web Event Analytics, as well as 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.”

Business Intelligence

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.

“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 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.

Headquartered in Santa Cruz, California, Looker also has offices located in San Francisco, New York, Chicago, Boulder, London, Tokyo and Dublin, Ireland. Company investors include CapitalG, Kleiner Perkins Caufield & Byers, Meritech Capital Partners, Redpoint Ventures and Goldman Sachs.

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