Looker, a US-based data analytics platform backed by internet technology conglomerate Alphabet, has closed a $103m series E round that values the business at $1.6bn, TechCrunch reported yesterday.
The round was led by investment firm Premji Invest and included venture capital firm Cross Creek Advisors and Looker’s existing investors. It took the company’s total funding to more than $280m.
Founded in 2012, Looker collates data tools into a single platform that can be used by companies to extract insights and value from large data sets.
The company also provides tools covering areas such as digital marketing analytics, and enables software developers to build third-party applications through its platform.
CapitalG, Alphabet’s growth equity arm, led Looker’s $81.5m series D round in April 2017, investing together with Goldman Sachs, Sapphire Ventures, Geodesic Capital, Kleiner Perkins Caufield & Byers (KPCB), Meritech Capital Partners and Redpoint Ventures.
Sapphire, Redpoint and Meritech had previously contributed to a $48m series C round in early 2016 that was led by KPCB.
Looker had already closed a $30m series B round the year before following commitments from Sapphire, Meritech Capital Partners, Redpoint Ventures, First Round and PivotNorth.
Frank Bien, Looker’s CEO, said: “We believe that data becomes exponentially more valuable when it is intelligently integrated together, at scale, across the entire organisation, so Looker took a uniquely different and modern approach to the myriad of point solutions and single-use data tools.”