US-based data analytics platform Looker closed a $81.5m series D round led by CapitalG, the growth-stage investment arm of conglomerate Alphabet, on Thursday.
Sapphire Ventures, the VC firm spun out of software developer SAP, and investment bank Goldman Sachs, as well as VC firms Geodesic Capital, Kleiner Perkins Caufield & Byers (KPCB), Meritech Capital Partners and Redpoint Ventures also took part in the round.
Founded in 2012, Looker has developed analytics technology that allows enterprise users to gain insight into large data sets. The platform can be integrated into departmental applications to help drive data-based decisions.
The cash will support the development of additional functionality and integration with more applications. The company will also increase its sales and marketing activities, as well as boost international expansion efforts in regions such as Asia Pacific.
Looker has raised a total of $177.5m to date. KPCB previously led a $48m series C round in January 2016 that also featured Sapphire, Redpoint and Meritech.
Sapphire also took part in a $30m series B round in 2015, investing alongside Meritech Capital Partners, Redpoint Ventures, First Round Capital and PivotNorth.
Gene Frantz, partner at CapitalG, said: “Today’s businesses have access to more data than ever, and while it is become increasingly difficult to understand all of that data, it is also extremely valuable to those companies that can.
“After watching this space for years, we were impressed by Looker’s unique holistic solution and are thrilled to support the company in its continued rapid growth.”