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Pyramid Analytics Secures $50M in Financing from BlackRock to Accelerate AI-Driven Analytics

November 26, 2024 By Analysis.org

Pyramid Analytics, a leading force in AI-driven analytics and decision intelligence, has raised $50 million in new financing from BlackRock Capital Investment Advisors, LLC (“BlackRock”). This significant investment comes in the wake of Pyramid being named a Visionary in the 2024 Gartner Magic Quadrant for Analytics and Business Intelligence Platforms and securing the highest rank across all four use cases in the 2024 Gartner Critical Capabilities for Analytics and Business Intelligence Platforms report.

The investment serves as a testament to the unique capabilities of the Pyramid platform, which integrates AI and machine learning into every step of the data lifecycle, simplifying operational complexity without sacrificing power or functionality. The platform’s innovative design and ease of use have attracted a notable customer base, including the FDA, which adopted Pyramid’s solution in 2024, alongside major corporations such as Kellogg’s, Hallmark, Deloitte, and Volkswagen.

Omri Kohl, co-founder and CEO of Pyramid, expressed his gratitude, stating, “We are honored by BlackRock’s vote of trust in our vision and execution as we bring the next-generation analytics solution to upper mid-market and enterprise organizations.”

Pyramid’s recent achievements further validate its market position. Not only has it been highlighted by Gartner, but the company also ranked number one in 17 key performance indicators (KPIs) in BARC’s 2025 BI and Analytics Survey and has been recognized as a leader in 52 KPIs across various categories. As Yoav Tzruya, General Partner at JVP and Pyramid board member, noted, “Pyramid has positioned itself as the thought leader in the Generative BI (GenBI) and Decision Intelligence category. We are proud to receive BlackRock’s support, which further validates our vision and market leadership, enabling us to continue solving the hardest operational business problems for our customers.”

For BlackRock, the investment in Pyramid Analytics aligns with its commitment to supporting innovative software and technology businesses that are reshaping the future. John Doyle, Managing Director at BlackRock, emphasized, “We are pleased to give our clients exposure to a business such as Pyramid, which sits at the intersection of data analytics and AI capabilities—two sectors benefiting from strong secular growth.”

With BlackRock’s backing, Pyramid Analytics is poised to further its ambition of spearheading the AI revolution in business intelligence, helping organizations solve and optimize data-driven decisions with the power of next-generation analytics and decision intelligence. The journey ahead looks promising as the company solidifies its role as a leader in the Generative BI and Decision Intelligence landscape.

Filed Under: Briefing

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