Yearly Archives: 2021

News: Senators challenge TikTok’s ‘alarming’ plan to collect users’ voice and face biometrics

TikTok’s plans to collect biometric identifiers from its users has prompted concern among U.S. lawmakers, who are demanding the company reveal exactly what information it collects and what it plans to do with that data. In a letter sent earlier this month addressed to TikTok CEO Shou Zi Chew, Sens. Amy Klobuchar (D-MN) and John

TikTok’s plans to collect biometric identifiers from its users has prompted concern among U.S. lawmakers, who are demanding the company reveal exactly what information it collects and what it plans to do with that data.

In a letter sent earlier this month addressed to TikTok CEO Shou Zi Chew, Sens. Amy Klobuchar (D-MN) and John Thune, (R-SD) say they are “alarmed” by the recent change to TikTok’s privacy policy, which allows the company to “automatically collect biometric data, including certain physical and behavioral characteristics from video content posted by its users.”

TechCrunch first reported details of the new privacy policy back in June, when TikTok said it will seek “required permissions” to collect “faceprints and voiceprints” where required by law, but failed to elaborate on whether it’s considering federal law, states laws, or both (only a handful of U.S. states have biometric privacy laws, including Illinois, Washington, California, Texas and New York).

Klobuchar and Thune’s letter asks TikTok to explicitly explain what constitutes a “faceprint” and “voiceprint”, as well as to explain how this data will be used and how long it will be retained. The senators also quizzed TikTok on whether any data is gathered for users under the age of 18; whether it makes any inferences about its users based on the biometric data it collects; and to provide a list of all third parties that have access to the data.

“The coronavirus pandemic led to an increase in online activity, which has magnified the need to protect consumers’ privacy,” the letter reads. “This is especially true for children and teenagers, who comprise more than 32% of TikTok’s active users and have relied on online applications such as TikTok for entertainment and for interaction with their friends and loved ones.”

TikTok has been given until August 25 to respond to the lawmakers’ questions. A TikTok spokesperson did not immediately comment.

This isn’t the first time TikTok’s excessive data collection plans have come under scrutiny. Earlier this year, the company paid out $92 million to settle a class-action lawsuit claiming it unlawfully collected users’ biometric data and shared it with third parties. This came after the FTC in 2019 slapped TikTok with a $5.7 million fine for violating the Children’s Online Privacy Protection Act (COPPA), which requires apps to receive parental permission before collecting a minor’s data.

News: Regology snares $8M Series A to help navigate maze of global regulations

Every country has its own bundle of laws, rules and regulations, and they change on a regular basis making it an enormous challenge to keep up with it all. That usually requires large staffs filling in spreadsheets and unwieldy processes, but Regology, an early stage startup wants to change that by putting some automation to

Every country has its own bundle of laws, rules and regulations, and they change on a regular basis making it an enormous challenge to keep up with it all. That usually requires large staffs filling in spreadsheets and unwieldy processes, but Regology, an early stage startup wants to change that by putting some automation to work on the problem.

Today the company announced an $8 million Series A led by Acme Capital with participation from existing investors Gagarin Capital and Pine Wave Investments.

Company co-founder and CEO Mukund Goenka spent more than 15 years working in the banking industry where he saw first-hand the difficulties in keeping up with regulations and the financial consequences of failing to do so. He formed Regology to provide large global companies with a way to stay on top of these myriad regulations.

Goenka says that his company started by compiling a database of laws. “We have a very large database of laws that is constantly updated, covering geographies from five continents, and a number of countries and jurisdictions. We also cover the lawmaking process of going from bills all the way to laws to regulations and a number of agencies and their regular updates on a daily basis. And it covers a number of industries and topic areas as well,” Goenka explained.

They don’t stop there though. They also give customers a framework for automating compliance wherever they are doing business, and they constantly review the laws and updates to help sure their customers are staying in compliance over time. Their target market is large Fortune 500. companies, and while Goenka couldn’t name specific ones, he did say that it included some of the largest tech companies and biggest banks.

 

The company launched in 2017 and today has 20 full time employees with plans to at least double that by the end of the year. He says that being diverse is essential in a business that is already looking at the regulatory environment in 25 countries. Understanding how each of these countries works is essential to the business and that requires a diverse workforce to pull off.

Goenka says that the company has been remote from day one, long before COVID. While there is still a small office in Palo Alto, he intends to keep remain mostly remote, even when it’s considered safe to reopen offices.

News: Diamond Age raises $8M to speed up home construction with 3D printing and robot arms

Bay Area-based Diamond Age this week announced that it has raised $8 million. The seed round is led by Prime Movers Lab and Alpaca VC and features a slew of additional firms, including Dolby Family Ventures, Calm Ventures, Gaingels, Towerview Ventures, GFA Venture Partners and Suffolk Construction. The startup looks to put a slew of

Bay Area-based Diamond Age this week announced that it has raised $8 million. The seed round is led by Prime Movers Lab and Alpaca VC and features a slew of additional firms, including Dolby Family Ventures, Calm Ventures, Gaingels, Towerview Ventures, GFA Venture Partners and Suffolk Construction.

The startup looks to put a slew of key emerging technologies to work in service of building houses with fewer workers in a significantly truncated time frame. Diamond Age claims that when, fully realized, its tech will be able to reduce manual human labor by 55% and shrink the construction time on a single family home from nine months to 30 days. Part of this funding will go toward putting the processes in place to construct a 1,100-square-foot “demonstration house” as proof of concept.

“We need to build high-quality affordable single-family homes for the next generation striving for the American dream,” co-founder and CEO Jack Oslan said in a release, “and the only way we can solve this problem is with automation.”

Specifically, the company relies on robotic and 3D printing solutions. The former involves a set of 26 different robotic arm attachments to assist with the construction. That tech is coupled with a gantry-based 3D printing technology designed to construct interior and exterior walls for the structure.

Specifically, the company is looking to target the housing crunch in its Bay Area backyard. The systems will be available to construction companies through a RaaS (robotics as a service) rental model. Pricing specifics for the system have not been revealed.

News: UIPath CEO Daniel Dines is coming to TC Sessions: SaaS to talk RPA and automation

UIPath came seemingly out of nowhere in the last several years, going public last year in a successful IPO during which it raised over $527 million. It raised $2 billion in private money prior to that with its final private valuation coming in at an amazing $35 billion. UIPath CEO Daniel Dines will be joining

UIPath came seemingly out of nowhere in the last several years, going public last year in a successful IPO during which it raised over $527 million. It raised $2 billion in private money prior to that with its final private valuation coming in at an amazing $35 billion. UIPath CEO Daniel Dines will be joining us on a panel on automation at TC Sessions: Saas on October 27th.

The company has been able capture all this investor attention doing something called Robotic Process Automation, which provides a way to automate a series of highly mundane tasks. It has become quite popular, especially to help bring a level of automation to legacy systems that might not be able to handle more modern approaches to automation involving artificial intelligence and machine learning. In 2019 Gartner found that RPA was the fastest growing category in enterprise software.

In point of fact,  UIPath didn’t actually come out of nowhere. It was founded in 2005 as a consulting company and transitioned to software over the years. The company took its first VC funding, a modest $1.5 million seed round in 2015, according to Crunchbase data.

As RPA found its market, the startup began to take off, raising gobs of money including a $568 million round in April 2019 and $750 million in its final private raise in February 2021.

Dines will be appearing on a panel discussing the role of automation in the enterprise. Certainly, the pandemic drove home the need for increased automation as masses of office workers moved to work from home, a trend that is likely to continue even after the pandemic slows.

As the RPA market leader, he is uniquely positioned to discuss how this software and other similar types will evolve in the coming years and how it could combine with related trends like no-code and process mapping. Dines will be joined on the panel by investor Laela Sturdy from Capital G and ServiceNow’s Dave Wright where they will discuss the state of the automation market, why it’s so hot and where the next opportunities could be.

In addition to our discussion with Dines, the conference will also include Databricks’ Ali Ghodsi, Salesforce’s Kathy Baxter and Puppet’s Abby Kearns, as well as investors Casey Aylward and Sarah Guo, among others. We hope you’ll join us. It’s going to be a stimulating day.

Buy your pass now to save up to $100. We can’t wait to see you in October!

Is your company interested in sponsoring or exhibiting at TC Sessions: SaaS 2021? Contact our sponsorship sales team by filling out this form.

News: Aileen Lee and Guild Education’s Rachel Carlson will share how to get to yes on Extra Crunch Live

Aileen Lee is one of the most prestigious and successful venture capitalists of the past decade. Before starting her own firm in Cowboy Ventures, Lee was a partner at KPCB for more than 12 years. Her portfolio includes DocSend, Ironclad, Philz Coffee, StyleSeat and many, many more. So it should come as no surprise that

Aileen Lee is one of the most prestigious and successful venture capitalists of the past decade. Before starting her own firm in Cowboy Ventures, Lee was a partner at KPCB for more than 12 years. Her portfolio includes DocSend, Ironclad, Philz Coffee, StyleSeat and many, many more.

So it should come as no surprise that we’re absolutely thrilled to have Lee join us alongside one of her portfolio company founders, Guild Education’s Rachel Carlson, on an upcoming episode of Extra Crunch Live. Click to register for free!

Extra Crunch Live brings founders and their investors together to pop the lid off of the black box that is fundraising. How did they meet? Why did they choose each other? What got them to yes? How do they work together now?

These are the pieces of the fundraising process that often aren’t covered in your average “how to fundraise” blog posts and programming, and we’re here to get these questions answered.

Extra Crunch Live also features the ECL Pitch-off, which gives folks in the audience the chance to raise their hand and pitch their startup to our guests, who will give their live feedback.

But I’m getting ahead of myself. Let’s get to know our guests.

Lee has been one of the most sought-after investors in Silicon Valley for as long as I’ve been in tech. A founding partner at All Raise, she is committed to diversity and inclusion and has an eye for talent, realizing that the former often precedes the latter.

She’s been on the Midas List a handful of times, and is also listed as one of Forbes’ most influential people.

Rachel Carlson founded Guild Education in 2015 and has led the company since. Guild has raised upwards of $370 million from investors that include General Catalyst, Felicis, Bessemer and more.

We’ll talk to these two about how to get to yes, what sings in a pitch deck and how they operate as partners to this day.

Extra Crunch Live is 100% free to folks who attend live, but only Extra Crunch members can access the content on-demand. If you’re not yet an Extra Crunch member, sign up here.

This episode of Extra Crunch Live goes down August 25 at 12pm PT/3pm ET. See you there!

News: General Motors and AT&T will offer 5G connectivity in certain vehicles from model year 2024

General Motors and AT&T will be rolling out 5G connectivity in select Chevy, Cadillac and GMC vehicles from model year 2024, in a boost that the two companies say will bring more reliable software updates, faster navigation and downloads, and better coverage on roadways. Executives said in a media briefing that the rollout of the

General Motors and AT&T will be rolling out 5G connectivity in select Chevy, Cadillac and GMC vehicles from model year 2024, in a boost that the two companies say will bring more reliable software updates, faster navigation and downloads, and better coverage on roadways.

Executives said in a media briefing that the rollout of the 5G architecture will also bring benefits for GM models that are 4G LTE-equipped, such as those from model year 2019 and newer. Once available, vehicle owners of select models “will easily migrate to the new network infrastructure once available,” the companies said in a news release.

“There’s going to be a performance boost and improvements as AT&T improves their infrastructure, so that the vehicles connected with 4G capabilities, model year 19 and beyond, they will also start to perceive an improvement in their performance,” GM’s VP of global connected services, Santiago Chamorro, said during a media briefing Wednesday.

5G technology has generated a lot of hype for its promises to boost speed and reduce latency across a range of industries, a next-gen tech that everyone thought would change the world far sooner than now. That hasn’t happened (yet), in part because network rollout was much slower than people anticipated. So this announcement can be taken as a clear signal that, at the very least, AT&T thinks its 5G network will be mature enough to handle “millions” of connected vehicles by 2024.

Tom DeMaria, GM’s executive director of global connected services, added that the performance boost will not require GM pushing a significant software update to vehicles, but that the vehicles will be “seamlessly migrated.”

Faster and more reliable connectivity is key to many automakers’ market plans, which nearly across the board involve complex in-car software features and wireless over-the-air updates to keep everything from the music system to (if it’s an electric vehicle) the battery operational. It will also be key for other technologies like advanced driver assistance systems, which are swiftly becoming another key way that automakers seek to distinguish themselves to drivers.

General Motors has been developing what it calls Super Cruise, a suite of SAE Level 2 features that can temporarily take over the vehicle providing certain conditions are met, and the driver stays alert at all times. Think of it as GM’s answer to Tesla’s Autopilot, another system that is by no means “self-driving.” This tech, plus things like infotainment, all operate under the umbrella of what GM calls its vehicle intelligence platform, the underlying hardware architecture.

“Network connectivity is an enabler that complements really well with what GM is doing in terms of its hardware and its software,” Chamorro added.

News: Bedrock modernizes seafloor mapping with autonomous sub and cloud-based data

The push for renewable energy has brought offshore wind power to the forefront of many an energy company’s agenda, and that means taking a very close look at the ocean floor where the installations are to go. Fortunately Bedrock is here to drag that mapping process into the 21st century with its autonomous underwater vehicle

The push for renewable energy has brought offshore wind power to the forefront of many an energy company’s agenda, and that means taking a very close look at the ocean floor where the installations are to go. Fortunately Bedrock is here to drag that mapping process into the 21st century with its autonomous underwater vehicle and modern cloud-based data service.

The company aims to replace the standard “big ship with a big sonar” approach with a faster, smarter, more modern service, letting companies spin up regular super-accurate seafloor imagery as easily as they might spin up a few servers to host their website.

“We believe we’re the first cloud-native platform for seafloor data,” said Anthony DiMare, CEO and cofounder (with CTO Charlie Chiau) of Bedrock. “This is a big data problem — how would you design the systems to support that solution? We make it a modern data service, instead of like a huge marine operation — you’re not tied to this massive piece of infrastructure floating in the water. Everything from the way we move sonars around the ocean to the way we deliver the data to engineers has been rethought.”

The product Bedrock provides customers is high-resolution maps of the seafloor, made available via Mosaic, a familiar web service that does all the analysis and hosting for you — a big step forward for an industry where “data migration” still means “shipping a box of hard drives.”

Normally, DiMare explained, this data was collected, processed, and stored on the ships themselves. Since they were designed to do everything from harbor inspections to deep sea surveys, they couldn’t count on having a decent internet connection, and the data is useless in its raw form. Like any other bulky data, it needs to be visualized and put in context.

Example of data in the Mosaic system from Bedrock, showing a map and trails of data points.

Image Credits: Bedrock

“These datasets are extremely large, tens of terabytes in size,” said DiMare. “Typical cloud systems aren’t the best way to manage 20,000 sonar files.”

The current market is more focused on detailed, near-shore data than the deep sea, since there’s a crush to take part in the growing wind energy market. This means that data is collected much closer to ordinary internet infrastructure and can be handed off for cloud-based processing and storage more easily than before. That in turn means the data can be processed and provided faster, just in time for demand to take off.

As DiMare explained, while there may have been a seafloor survey done in the last couple decades of a potential installation site, that’s only the first step. An initial mapping pass might have be made to confirm the years-old maps and add detail, then another for permitting, for environmental assessments, engineering, construction, and regular inspections. If this could be done with a turnkey automated process that produced even better results than crewed ships for less money, it’s a huge win for customers relying on old methods. And if the industry grows as expected to require more active monitoring of the seafloor along every U.S. coast, it’s a win for Bedrock as well, naturally.

CG render of the AUV.

Image Credits: Bedrock

To make this all happen, of course, you need a craft that can collect the data in the first place. “The AUV is a piece of technology we built solely to enable a data product,” said DiMare, but noted that, originally, “we didn’t want to do this.”

“We started to spec out what it looked like to use an off the shelf system,” he explained. “But if you want to build a hyper-scalable, very efficient system to get the best cost per square meter, you need a very specific set of features, certain sonars, the compute stack… by the time we listed all those we basically had a self-designed system. It’s faster, it’s more operationally flexible, you get better data quality, and you can do it more reliably.”

And amazingly, it doesn’t even need a boat — you can grab it from the back of a van and launch it from a pier or beach.

“From the very beginning one of the restrictions we put on ourselves was ‘no boats.’ And we need to be able to fly with this thing. That totally changed our approach,” said DiMare.

View of the AUV on a beach

Image Credits: Bedrock

The AUV packs a lot into a small package, and while the sensor loadout is variable depending on the job, one aspect that defines the craft is its high-frequency sonar.

Sonars operate in a wide range of frequencies, from the hundreds to the hundreds of thousands of hertz. Unfortunately that means that ocean-dwelling creatures, many of which can hear in that range, are inundated with background noise, sometimes to the point where it’s harmful or deters them from entering an area. Sonar operating about 200 kHz is safe for animals, but the high frequency means the signal attenuates more quickly, reducing the range to 50-75 meters.

That’s obviously worthless for a ship floating on the surface — much of what it needs to map is more than 75 meters deep. But if you could make a craft that always stayed within 50 meters of the seabed, it’s full of benefits. And that’s exactly what Bedrock’s AUV is designed to do.

The increased frequency of the sonar also means increased detail, so the picture its instruments paint is better than what you’d get with a larger wave. And because it’s safe to use around animals, you can skip the (very necessary but time-consuming) red tape at wildlife authorities. Better, faster, cheaper, and safer is a hell of a pitch.

Today marks the official launch of Mosaic, and to promote adoption Bedrock is offering 50 gigs of free storage — of any kind of compatible map data, since the platform is format-agnostic.

There’s a ton of data out there that’s technically “public” but is nevertheless very difficult to find and use. It may be a low-detail survey from two decades ago, or a hyper-specific scan of an area investigated by a research group, but if it were all in one place it would probably be a lot more useful, DiMare said.

“Ultimately we want to get where we can do the whole ocean on a yearly basis,” he concluded. “So we’ve got a lot of work to do.”

News: Tiger Global backs Nacelle with $50M for its e-commerce infrastructure

Consumer shift to buying online during the global pandemic — and keeping that habit — continues to boost revenue for makers of e-commerce developer tools.

Consumer shift to buying online during the global pandemic — and keeping that habit — continues to boost revenue for makers of developer tools that help e-commerce sites provide better shopping experiences.

LA-based Nacelle is one of the e-commerce infrastructure companies continuing to attract investor attention, and at a speedy clip, too. It closed on a $50 million Series B round from Tiger Global. This is just six months after its $18 million Series A round, led by Inovia, and follows a $4.8 million seed round in 2020.

The company is working in “headless” commerce, which means it is disconnecting the front end of a website, a.k.a. the storefront, from the back end, where all of the data lives, to create a better shopping experience, CEO Brian Anderson told TechCrunch. By doing this, the back end of the store, essentially where all the magic happens, can be updated and maintained without changing the front end.

“Online shopping is not new, but how the customer relates to it keeps changing,” he said. “The technology for online shopping is not up to snuff — when you click on something, everything has to reload compared to an app like Instagram.”

More people shopping on their mobile devices creates friction due to downloading an app for each brand. That is “sucking the fun out of shopping online,” because no one wants that many apps on their phone, Anderson added.

Steven Kramer, board member and former EVP of Hybris, said via email that over the past two decades, the e-commerce industry went through several waves of innovation. Now, maturing consumer behaviors and expectations are accelerating the current phase.

“Retailers and brands are struggling with adopting the latest technologies to meet today’s requirements of agility, speed and user experience,” Kramer added. “Nacelle gives organizations a future-proof way to accelerate their innovation, leverage existing investments and do so with material ROI.”

Data already shows that COVID-era trends accelerated e-commerce by roughly five years, and Gartner predicts that 50% of new commerce capabilities will be incorporated as API-centric SaaS services by 2023.

Those kinds of trends are bringing in competitors that are also attracting investor attention — for example, Shopistry, Swell, Fabric, Commerce Layer and Vue Storefront are just a few of the companies that raised funding this year alone.

Anderson notes that the market continues to be hot and one that can’t be ignored, especially as the share of online retail sales grows. He explained that some of his competitors force customers to migrate off of their current tech stack and onto their respective platforms so that their users can get a good customer experience. In contrast, Nacelle enables customers to keep their tech stack and put components together as they see fit.

“That is painful in any vertical, but especially for e-commerce,” he said. “That is your direct line to revenue.”

Meanwhile, Nacelle itself grew 690% in the past year in terms of revenue, and customers are signing multiyear contracts, Anderson said.

Anderson, who is an engineer by trade, wants to sink his teeth into new products as adoption of headless commerce grows. These include providing a dynamic layer of functionality on top of the tech stack for storefronts that are traditionally static, and even introducing some livestream capabilities later this year.

As such, Nacelle will invest the new round into its go-to-market strategy and expand its customer success, partner relations and product development. He said Nacelle is already “the de facto standard” for Shopify Plus merchants going headless.

“We want to put everything in a tailor-made API for e-commerce that lets front-end developers do their thing with ease,” Anderson added. “We also offer starter kits for merchants as a starting point to get up-and-running.”

News: Shared micromobility company Bird launches a consumer electric bike for $2,299

Shared micromobility company Bird has unveiled a new consumer e-bike. This is the first time the company is selling private vehicles rather than relying on the shared model. It’s calling the bike the “Bird Bike,” which is the same name it’s using for the recently released shared e-bike the company launched in June. As with

Shared micromobility company Bird has unveiled a new consumer e-bike. This is the first time the company is selling private vehicles rather than relying on the shared model.

It’s calling the bike the “Bird Bike,” which is the same name it’s using for the recently released shared e-bike the company launched in June. As with the shared model, the bike is designed in-house, but Bird did not identify the manufacturing partner. Limited quantities of the bike, in Stealth Black and Gravity Gray, are available starting Thursday for $2,299. Bird did not specify which markets it would deliver the initial order of the e-bike to, but it hopes to make the bike broadly available from U.S. retailers this fall.

The electric bike market is expected to hit nearly $68 billion by 2026, whereas the bike-share market is only expected to hit around $13.8 billion by the same year, which might point to the financial reasoning behind Bird’s announcement. Bird’s SPAC filing in May revealed massively unprofitable revenues and resulting net losses, so the company appears to be trying to diversify its business lines and leverage its position as a household name in micromobility so that it can stand a chance at profitability.

The new e-bike is part of Bird’s consumer products portfolio which represents about 10% of its business, according to Bird’s S-4 SEC filing, but the company did not respond to requests for explanations as to why it’s decided to launch a consumer business. That said, this is not the first time Bird has tried to branch out. Back in 2019, Bird announced a monthly e-scooter subscription service, but that never got the chance to take off.

“The future of transportation is all-electric. By expanding Bird’s consumer and shared products to include e-bikes as well as e-scooters, we are uniquely positioned to lead the revolution to eco-friendly transportation for the billions of annual trips that are five miles or less,” said Travis VanderZanden, Bird’s founder and CEO, in a statement. “With our new e-bike, we are creating increased opportunities for people to embrace micro electric vehicles beyond the 300 cities we partner with to provide our shared services today. Our e-bike is safe, durable and provides a stylish aesthetic and advanced technology that delivers a fun alternative to congestion-inducing, gas-powered cars.”

Bird’s e-bike, which is about the same price as the VanMoof X3, has a 12.8 Ah battery, powered by LG cells, that delivers up to 50 miles of range, the company says. The bike will be available in both a step-through and step-over aluminum alloy frame, and it will come with Kenda puncture-resistant tires. The pedal assist allows for speeds up to 20 miles per hour, and a thumb throttle is there for those pesky inclines. An LCD panel under the handlebars displays speed, distance and battery capacity, and bluetooth connectivity to the Bird app allows riders to turn the LED lights on and off, view battery range and miles ridden.

News: Insight Partners leads $30M round into Metabase, developing enterprise business intelligence tools

Metabase spun out of venture studio Expa as an easy way for people to interact with datasets.

Open-source business intelligence company Metabase announced Thursday a $30 million Series B round led by Insight Partners.

Existing investors Expa and NEA joined in on the round, which gives the San Francisco-based company a total of $42.5 million in funding since it was founded in 2015. Metabase previously raised $8 million in Series A funding back in 2019, led by NEA.

Metabase was developed within venture studio Expa and spun out as an easy way for people to interact with data sets, co-founder and CEO Sameer Al-Sakran told TechCrunch.

“When someone wants access to data, they may not know what to measure or how to use it, all they know is they have the data,” Al-Sakran said. “We provide a self-service access layer where they can ask a question, Metabase scans the data and they can use the results to build models, create a dashboard and even slice the data in ways they choose without having an analyst build out the database.”

He notes that not much has changed in the business intelligence realm since Tableau came out more than 15 years ago, and that computers can do more for the end user, particularly to understand what the user is going to do. Increasingly, open source is the way software and information wants to be consumed, especially for the person that just wants to pull the data themselves, he added.

George Mathew, managing director of Insight Partners, believes we are seeing the third generation of business intelligence tools emerging following centralized enterprise architectures like SAP, then self-service tools like Tableau and Looker and now companies like Metabase that can get users to discovery and insights quickly.

“The third generation is here and they are leading the charge to insights and value,” Mathew added. “In addition, the world has moved to the cloud, and BI tools need to move there, too. This generation of open source is a better and greater example of all three of those.”

To date, Metabase has been downloaded 98 million times and used by more than 30,000 companies across 200 countries. The company pursued another round of funding after building out a commercial offering, Metabase Enterprise, that is doing well, Al-Sakran said.

The new funding round enables the company to build out a sales team and continue with product development on both Metabase Enterprise and Metabase Cloud. Due to Metabase often being someone’s first business intelligence tool, he is also doubling down on resources to help educate customers on how to ask questions and learn from their data.

“Open source has changed from floppy disks to projects on the cloud, and we think end users have the right to see what they are running,” Al-Sakran said. “We are continuing to create new features and improve performance and overall experience in efforts to create the BI system of the future.

 

WordPress Image Lightbox Plugin