The Death of Business Intelligence

BIME secures $4m for business intelligence in cloud

Posted in Business, Business Intelligence, IT by neilwilson1984 on December 2, 2013

French business intelligence company BIME has secured $4 million in new funding.

The Montpellier firm plans to use the money to make continued enhancements to its cloud BI offering that it says turns the entire web into a “seamlessly connected data warehouse” that enables companies to query data sources across the entire web in real-time.

After opening its US headquarters in Kansas City, the firm will also use the money to grow sales in the key North American market.

BIME is part of a fast-growing clutch of next-generation BI providers. Just like Birst or Platfora, these solutions are often easier to install and use, and may even be cheaper than similar products from the established vendors.

“We owe our rapid growth to the success of our unique technology. The rise of Big Data is a reality, and businesses of any size are using cloud-based tools like BIME to become truly data-driven,” said Rachel Delacour, CEO and cofounder. “We help businesses turn the entire web into a seamlessly connected data warehouse. BIME now has the capital and talent to keep innovating and expand globally, particularly in the dynamic US market.”

The $4 million in funding was led by Alven Capital Partners. Jeremy Uzan, investment director with the firm, noted that business analytics is one of the fastest-growing segments of modern IT.

“Every enterprise that is serious about harnessing the value of big data needs to tap into dozens of live data sources and be able to ask questions in the moment. BIME empowers them to do so, with a lightweight yet infinitely scalable service,” he explained.

The current version of BIME v5 consists of an HTML5 framework, an in-memory calculation engine built for speed and a powerful feature set. The firm was the first vendor to offer a BI front-end for Google BigQuery and it has been recognized by Forrester, Design for Experience, and Dresner Advisory Group for its capabilities.

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