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Yellowbrick Data Raises $75M In Series C1, Sees Adoption Of Its Cloud Data Warehouse Accelerating

Nov 03, 2021•over 3 years ago

Amount Raised

$75 Million

Round Type

series c

Palo Alto

Description

Yellowbrick Data, the innovation leader in modern data warehousing, today announced it has closed a Series C1 funding of $75M while accelerating growth in sales of its cloud data warehouse. Yellowbrick continues to add large companies in financial services, hedge funds, and insurance as customers, adding to a diversified customer base of companies across many industries including telecom, healthcare, retail, and manufacturing. The company is on track to more than double its ending ARR business with this year’s bookings, while seeing its customer net retention rate approach 150%, a strong indication that once customers start using Yellowbrick, they tend to quickly deploy more.

Company Information

Company

Yellowbrick Data

Location

Palo Alto, California, United States

About

Yellowbrick is revolutionizing the world of data analytics with the world’s fastest and most flexible cloud native data warehouse. Organizations of all sizes rely on Yellowbrick to get answers to their hardest business questions, power their decision-making, and get real-time insights at a fraction of the cost of alternatives. Yellowbrick offers superior price/performance for every business use-case, along with the unique ability to run analytic workloads in public or private clouds, at the network edge, or any combination--with the choice of usage based pricing or predictable fixed cost subscription. Learn more at yellowbrick.com.

Funding Insights

Based on industry data
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