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Zenlytic, a growing self-service business intelligence (BI) platform, announced the successful closing of a $9 million seed funding round.
Funds from this Series A will be used to fuel its ambitions to bring AI-powered BI to every office worker. This investment will support the company’s growth by enhancing its platform capabilities and developing engineering capabilities to drive innovation in BI.
The funding was led by M13 with participation from existing investors including 14 Peaks, Company Ventures, Primary Ventures, Bain Capital Ventures, Correlation Ventures and several strategic angel investors.
“This is an important milestone for Zenlytic as we advance our mission to democratize data analytics,” said Ryan Janssen, CEO and co-founder of Zenlytic. “We are excited to partner with M13 and other investors to grow our engineering and commercial teams. The world needs an analytics platform that people can actually use.
Founded in 2018, Zenlytic’s platform was designed to unify BI and product analytics in a natural language interface that allows non-technical users to easily explore data and make informed decisions independently.
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Initially focused on commerce, the platform has expanded across industries, offering enterprise-grade analytics that streamline data from multiple sources into a single, customizable tool.
At the heart of the platform is Zoë, an AI data analyst who Zenlytic claims outperforms traditional AI co-pilots. Zoë acts as an autonomous data agent capable of answering complex, high-value queries, allowing users to derive valuable insights from their data without any coding expertise.
Traditional BI platforms often require domain expertise and advanced analytical skills, limiting their accessibility for non-technical users. This makes them less useful for day-to-day decision-making in many companies, especially for teams without dedicated data scientists. It is not surprising that only 11% of employees globally are confident in their data literacy skills.
Zoë, the AI data agent behind Zenlytic, simplifies data interactions using an automated “cognitive layer.” This advanced layer connects directly to business data, allowing users to access and analyze complex data sets through simple natural language processing (NLP).
Whether analyzing scenarios, creating a dashboard, or running complex queries, users can interact with data through Zoë as if they were talking to a human analyst. This conversational approach allows users to easily navigate and manipulate data without requiring technical expertise, streamlining the analysis process and improving productivity.
According to Zenlytic, Zoë can access data from a variety of sources, including advertising platforms, Excel files, customer relationship management (CRM) platforms, and Software-as-a-Service (SaaS) applications.
The integration of AI into business intelligence platforms is becoming more and more widespread. Zenlytic faces formidable competition from established players in the market, including Microsoft Power BI, Tableau, and Qlik Sense.
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Janssen acknowledges the challenges his startup faces, but emphasizes that true self-service BI is about fostering a more conversational experience, which is at the heart of Zenlytic’s platform. This approach allows users to interact with their data in a natural and intuitive way, setting it apart from many other BI tools claiming to offer self-service capabilities.
The recent funding gives Zenlytic the capital to improve its platform and offer user-friendly tools for non-technical users to interact with data. However, the effectiveness of the platform will depend on several factors, including the quality of the data it processes and its ability to adapt to a rapidly changing technology landscape.
Confident in the platform’s potential, M13 Managing Partner Karl Alomar expressed his enthusiasm for the partnership, praising Zenlytic’s commitment to innovation and user-friendly design.
“We are excited to partner with Zenlytic on its journey to redefine how organizations harness the power of data and deliver it seamlessly across the organization,” said Alomar. “Zenlytic’s commitment to innovation and user-centered design aligns perfectly with our investment philosophy, and we look forward to supporting their continued growth and success.” »
Continued improvements in data processing and responsiveness to emerging trends in AI and analytics will be crucial for Zenlytic to gain and maintain a competitive advantage and deliver real value to its users.
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