Santa Cruz, CA - January 14, 2016 – Looker, the data platform company powering data-driven companies, today announced it has closed a $48 million Series C funding round led by Kleiner Perkins Caufield & Byers (KPCB), with participation from previous investors, Redpoint Ventures, Meritech and Sapphire Ventures. The financing will be used to accelerate the company’s growth through investments in sales, marketing and engineering as well as to fuel further international expansion. Including this current round, Looker has raised a total of $96 million since its launch in 2013.
Looker has driven 400 percent revenue growth by expanding its customer base from 150 last year to more than 450 today while also increasing the average deal size by more than 30 percent. New and growing enterprise customers include Kohler, Intel, eBay, PayPal, Zillow, Yahoo!, Sony, Autodesk, Etsy and others. New customers also include disruptors from the retail, finance and tech industries such as Lyft, BuzzFeed, Warby Parker, Docker, TripAdvisor, Instacart, Oscar, Hudson Bay, Avant, Harry’s, eShares and Stack Overflow. Looker opened its first EMEA office in London last year and significantly increased its European customer base with the addition of Reed Online, Transferwise, Home24, Red Eye International and Yieldify, among others.
“We see 97 percent of customers accessing Looker at least once per day. It has become increasingly common to see the majority of employees across multiple, if not all, departments using Looker. They’re asking deeper questions of their data and making reliable, confident business decisions,” said Looker CEO, Frank Bien.
Looker announced major product updates and partnerships over the past year including Looker Blocks®, the first pattern language for analytics intended to make it easy for data analysts to quickly build a custom data platform with best in class metrics. Looker grew numerous strategic partnerships with major data warehousing solutions to help customers quickly deploy a data platform wherever their data lives or however it is structured. Looker has partnerships with Microsoft, IBM, Oracle, Amazon, Google, Cloudera, Databricks, Hortonworks, Treasure Data, HP and Teradata.
“It’s not a coincidence that Looker’s customers are some of the fastest growing industry disruptors. No other data analytics tool is giving organizations a single source of truth or the opportunity to ask questions and explore data in such a rich and user friendly way,” said Alex Kurland, partner at KPCB. “KPCB focuses on investing in teams and technologies that are reshaping industries. Looker is taking a highly differentiated approach to reshaping data analytics, which is one of the largest and most critical markets.”
“KPCB has a remarkable track record of fueling some of the biggest success stories within tech,” Bien added. “It’s an honor to be among KPCB’s stellar list of portfolio companies.”
To find out more about Looker, join the live demo on Wednesday, January 20, at 10:00 am PT. Register at https://looker.com/demo-live.
Looker is the business intelligence (BI) and analytics platform part of the Google Cloud data and analytics suite. Transcending traditional BI, Looker powers data experiences that deliver actionable business insights at the point of decision and infuses data into products and workflows to allow organizations to extract value from data at web-scale. More than 2,000 industry-leading and innovative companies, such as Cisco, Sony, Amazon, Essence, Home Depot and IBM, have trusted Looker to power their data-driven cultures. For more information, visit Looker or Google Cloud and connect with us on LinkedIn, Twitter, Facebook and YouTube.
About Google Cloud
Google Cloud provides organizations with leading infrastructure, platform capabilities and industry solutions. We deliver enterprise-grade cloud solutions that leverage Google’s cutting-edge technology to help companies operate more efficiently and adapt to changing needs, giving customers a foundation for the future. Customers in more than 150 countries turn to Google Cloud as their trusted partner to solve their most critical business problems.
About Kleiner Perkins Caufield & Byers (KPCB)
Kleiner Perkins Caufield & Byers (KPCB) partners with the brightest entrepreneurs to turn disruptive ideas into world-changing businesses. The firm has helped build pioneering companies like Amazon, Electronic Arts, Genentech, Google, Nest, Netscape, and Twitter. KPCB offers entrepreneurs years of operating experience, puts them at the center of a vast and influential network, and accelerates their success through expertise and support in recruiting, product design and delivery, business development, strategic partnerships, and brand building. KPCB invests in all stages from seed and incubation to growth companies and operates from offices in Menlo Park, San Francisco, Shanghai and Beijing. For more information, follow @kpcb or visit kpcb.com.