Tellius, a Reston, VA-based AI-driven decision intelligence platform, announced that it raised $16 million in Series B funding.
The round was led by Baird Capital, with participation from existing investors Sands Capital Ventures, Grotech Ventures, and Veraz Investments, 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.
"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."
Tellius decision intelligence is used by Fortune 500 companies and organizations across industries, including CPG, eCommerce, pharmaceutical, banking, financial services, and insurance, to transform data into actions that drive significant operational and financial gains.
Company: Tellius, Inc.
Raised: $16.0M
Round: Series B
Funding Month: October 2022
Lead Investors: Baird Capital
Additional Investors: Sands Capital Ventures, Grotech Ventures, and Veraz Investments
Company Website: https://www.tellius.com/
Software Category: AI-driven Decision Intelligence Platform
About the Company: Tellius is an AI-driven decision intelligence platform that enables anyone to get faster insights from their data. The company helps organizations across industries, including financial services, pharmaceuticals, life sciences, retail, healthcare, and high technology, accelerate their journey from data to decisions by augmenting human expertise and curiosity with intelligent automation. The company's platform combines AI- and ML-driven automation with a search interface for ad hoc exploration, allowing users to ask questions about their business data, analyze billions of records in seconds, and gain comprehensive, automated insights in a single platform.
Source: https://www.tellius.com/tellius-announces-series-b-funding/