22 January 2020:
Outlier has raised $22.1 million in Series B round of funding. The funding round was led by Emergence.
Ridge Ventures, Capital One Growth Ventures, 11.2 Capital, First Round Capital, Homebrew, Susa Ventures and SV Angel also participated in the funding round.
The company will use the fresh capital to accelerate growth and make strategic hires across its Oakland, CA headquarters and Virginia Beach, VA, and European offices.
As part of funding, Joe Floyd (General Partner at Emergence) will be joining the Outlier Board of Directors.
Sean Byrnes, CEO and co-founder of Outlier, said, “Today’s businesses are wrestling with increasing volumes of data and an inability to analyze all of it to glean powerful insights. Outlier enables business leaders across various functions to make smart decisions quickly by providing the most important 4-5 insights daily.”
Sean Byrnes, added, “We appreciate the support of our investors who understand the importance and value of automated business analysis. We’ve experienced immense growth in recent years and this investment allows us to continue our momentum through product development and go-to-market advancements.”
Joe Floyd, General Partner at Emergence, said, “As the leader in automated business analysis, Outlier’s AI-driven platform is transforming the way business leaders make quick decisions using data and insights. We rarely see companies with such high rates of customer adoption, high customer satisfaction and a high velocity of innovation.”
Joe Floyd, added, “We are impressed by Outlier’s commitment to delivering value to its growing list of customers, and we are pleased to lead the company’s Series B financing to accelerate its expansion as a coaching network. Outlier is well on its way to eliminating the dashboard.”
(Source – Outlier)