RESTON, Va.--(BUSINESS WIRE)--Tellius, the AI-driven decision intelligence platform, today announced an $8 million Series A funding round led by Sands Capital Ventures with participation from Grotech Ventures—bringing the company’s total fundraising to-date to $17 million. The funds will be used to expand the company’s platform capabilities and support its mission of helping organizations get from data to decisions faster with intelligent automation.
There is currently a massive insights gap caused by silos between business intelligence (BI) dashboards and machine learning (ML) and AI tools that is preventing organizations from capturing new business opportunities hidden in their data. Businesses need to move beyond dashboards to acquire a new level of data intelligence to understand the reasons why metrics change and uncover granular insights that inform the best actions to take. Unfortunately, existing ML and AI tools are too complex for business users and analysts to work with and understand—forcing organizations to spend a significant amount of time, resources, and advanced data science expertise to get actionable insights from their data.
Tellius is the first decision intelligence platform that combines AI- and ML-driven automation with a natural language search interface, allowing users to ask questions of their business data, analyze billions of data records in seconds, and gain comprehensive, automated insights in a single platform. The platform accelerates the process of discovering the most important findings from data without laborious manual analysis or complex feature engineering, from identifying root causes for trend changes, to uncovering key business drivers and segments. Fortune 500 brands and small- and medium-sized businesses alike, across key industries such as pharmaceutical and life sciences, CPG, financial services, and more rely on Tellius to get faster, more accurate, and more valuable data insights.
"Tellius enables our business and analyst teams to easily get AI-driven insights from our internal and third-party data sources that we have never been able to attain with traditional analytical tools," says Alex Cucerov, Senior Manager, Commercial Operations and Analytics at Karyopharm Therapeutics Inc. "The commercial team has improved customer segmentation and predicted buying patterns by visualizing the outputs of machine learning automation, without needing data scientists involved in the process. In one use case, we identified an additional 30% of new sales opportunities in segments we had not thought of before."
Demand for Tellius’ platform has grown significantly in the last year as organizations turned to AI-driven analytical solutions to help them make sense of surging volumes of data. In the last 12 months alone, Tellius saw a 300% year-over-year increase in revenue. With its latest round of funding, the company will continue to scale and invest in its platform capabilities, as well as sales and marketing support, to help every organization move beyond dashboards to AI-driven business intelligence.
“Our vision is to help individuals—whether they are an advanced analyst, citizen data scientist, or business user—quickly gain data insights that will inform better, more impactful business decisions,” said Ajay Khanna, CEO and founder, Tellius. “With a flexible, easy-to-use natural language interface, the Tellius decision intelligence platform is built to handle even the most complex data questions, delivering fast, personalized responses that make understanding data easier than ever before. We’re proud to be empowering companies all over the world to close the data insights gap, cut down on analysis time, and augment their team’s capabilities to get faster, more valuable insights with ease.”
“Tellius has massive potential to accelerate discovery of deeper insights from large volumes of data using AI and ML techniques for business data analysis,” said Gene Riechers, venture partner, Sands Capital Ventures. “We are inspired by Ajay and his team’s vision of democratizing data analytics and insights for enterprises. Sands Capital is thrilled to lead Tellius’ investment round and looks forward to supporting their continued growth.”
To learn more about Tellius and the benefits of AI-driven business intelligence, tune into this webinar with guest speaker IDC Research Director Chandana Gopal on Wednesday, April 28 at 1 p.m. ET: www.tellius.com/idc-elevate-analytics-maturity-next-level-ai-bi-webinar/.
Tellius is an AI-driven decision intelligence platform that enables anyone to get faster insights from their data. The company helps organizations across industries, including financial services, pharmaceutical and life sciences, retail, healthcare, and high technology, accelerate their journey from data to decisions by augmenting human expertise and curiosity with intelligent automation. The company’s platform combines AI- and ML-driven automation with a search interface for ad hoc exploration, allowing users to ask questions of their business data, analyze billions of records in seconds, and gain comprehensive, automated insights in a single platform. Founded in 2016, Tellius is backed by Sands Capital Ventures, Grotech Ventures, and Veraz Investments.