USA – Mode Analytics, a San Francisco, CA-based advanced analytics company, closed a $33m Series D funding round.
The round was led by H.I.G. Growth Partners, with participation from Valor Equity Partners, Foundation Capital, REV Venture Partners, and Switch Ventures. The company, which has raised $83m to date, will use the funds to accelerate adoption of its analytics platform. Led by Derek Steer, Co-founder and CEO, Mode Analytics provides a cloud-based analytics platform which combines the best elements of Analytics and Business Intelligence (ABI), Data Science (DS) and Machine Learning (ML) to empower data teams to answer impactful questions and collaborate on analysis across a range of business functions. In 2019, the company added a number of premiere enterprise companies to its customer base, which now includes Anheuser Busch, Zillow, Lyft, Bloomberg, Capital One, VMWare, and Conde Nast, among others. Mode is built for collaboration, featuring personalized analytics, dashboards, interactive visualization, predictive analytics, advanced analytics and prescriptive analytics. It supports any type of analysis, without restrictions, and provides a workflow that makes it easier to consume data analysis and build upon it. Because Mode is team members can be connected directly to the source at all times. Anyone with permissions can expand upon the analysis by asking follow-up questions, making data more usable by bringing data to every role. In aggregate, Mode has processed 830 million query runs and 170 million notebook cell runs for 300 thousand users. 06/08/2020
