Data is one of the most important resources a business has, and decision intelligence is designed to use that data to help businesses make faster and more accurate decisions using facts and hard data. Tellius is looking to make the process even easier by placing decision intelligence right at the fingertips of those who need it, helping people and businesses understand the “what” and “why” hidden in the data, all supported by AI insights. Take a look at the press release below for more about the company and its Series B funding round.
Tellius, a leading AI-driven decision intelligence platform, today announced a $16 million Series B funding round led by Baird Capital. All of Tellius’ existing investors—Sands Capital Ventures, Grotech Ventures, and Veraz Investments—participated in the round, bringing the company’s total fundraising to $33 million to date. The funding will be used to enhance Tellius’ decision intelligence platform, expand the company’s go-to-market capabilities, and support talent acquisition across sales, marketing, and product engineering functions.
As the volume and complexity of business data continues to grow, traditional approaches to analytics have failed to meet the demands of modern insights-driven organizations. Business intelligence dashboards do not answer questions as to why metrics change, and data science teams are spread thin as they attempt to serve diverse needs across the business, keeping AI siloed. As a result, using data to confidently inform timely and precise decisions that enhance sales strategies, reduce costs, and boost operational efficiencies remains challenging.
The Tellius decision intelligence platform addresses these challenges by putting greater analytical power directly into the hands of both analysts and business teams to give a complete picture of what’s happening in the business, why metrics are changing, and how to drive business outcomes in granular ways. The company’s unique approach applies analytical and machine learning automation to surface key business drivers hidden across data sources and enhances ease-of-use through a natural language interface. Users can generate advanced insights—which once took data experts hours or days to uncover—in minutes, and without manual analysis or complex coding.
“Tellius’ differentiated technology platform is well-positioned to continue its rapid growth as decision intelligence becomes more embedded across the analytics function,” said Mark Donnelly, Partner with Baird Capital’s Venture Team. “Baird Capital is proud to partner with such a talented and driven management team to help them maintain their leadership position in this emerging category.”
Fortune 500 companies and organizations across verticals—including CPG, eCommerce, pharmaceutical, banking, financial services, and insurance—rely on Tellius decision intelligence to turn data into actions that power significant operational and financial gains.
“Tellius gives our executive and operational teams far greater analytics capabilities and 5-10x faster answers compared to traditional dashboarding and visualization platforms,” says Thomas Lembck, CIO of Nabriva. “Their modern analytics platform on top of our cloud data warehouse fuels proactive and agile decision intelligence across our commercial sales, marketing, finance, and human resource functions.”
The Series B round comes on the heels of a banner year for Tellius as demand for decision intelligence continues to skyrocket. According to Gartner, a third of large organizations will be using decision intelligence for structured decision-making to improve competitive advantage in the next two years. The company’s momentum is marked by:
- Recognition as a Visionary in the Gartner® Magic QuadrantTM for Analytics & Business Intelligence Platforms[1] and inclusion as Representative Vendor in the 2022 Gartner Market Guide for Multipersona Data Science and Machine Learning Platforms (DSML) [2]
- Partnerships with data warehouse vendors like Databricks and vertical solution providers like Indegene that further extend the power of and use case for decision intelligence across the company’s customer base
- Executive hires, including Hardik Chheda to Chief Product Officer and John Aven to Head of Engineering, who are focused on accelerating how business and analyst teams uncover diagnostic, predictive, and prescriptive insights to inform decision-making
“Tellius is leading the growing decision intelligence category, in large part due to the unique and powerful capabilities of our platform in making it easier for companies to instill data-driven decision-making across every facet of their operations,” said Ajay Khanna, Founder and CEO, Tellius. “We’re helping companies modernize their data stack by delivering the industry’s most robust analytical solution, which has the flexibility to work with cloud data warehouses and data lakes to ingest data from traditional data sources and deliver faster and better business insights. This recent round of funding from top investors is proof of our vision and ability to execute as more organizations seek strategic advantage and superior business outcomes from data.”
The original press release can be found on the Tellius website.
Spencer Hulse is a news desk editor at Grit Daily News. He covers startups, affiliate, viral, and marketing news.
