Redbird Gives All Employees Data Superpowers, Raises $7.6 Million in Oversubscribed Seed Round Led by B Capital The New York-based firm will use the capital to further advance its analytics operating system for the enterprise and broaden its userbase
New York, US
|
October 13, 2022 08:00 AM Eastern Daylight Time
Redbird, an analytics operating system for the enterprise, today announced it has raised $7.6 million in an oversubscribed seed round led by multi-stage investment firm B Capital. The funding also included participation from Y Combinator, Thomson Reuters Ventures, Alumni Ventures and Soma Capital, along with several other funds and angel investors.
Redbird empowers anyone within an organization to easily automate and unify their analytics work in minutes without writing code. The platform connects all of an organization’s data sources into a no-code environment where users can effortlessly do complex data prep, wrangling, analysis, reporting and data science. The capital will further strengthen Redbird’s offering as it continues to add advanced no-code capabilities, which will enable an even broader swath of nontechnical users to self-serve with advanced analytics.
Founded by Erin Tavgac and Deren Tavgac, COO, data analytics experts with deep enterprise experience, Redbird currently partners with large enterprise customers across diverse verticals. The company, formerly known as Cube Analytics, has experienced rapid growth, with revenue growing 9X over the past year.
“Every modern enterprise has a need for deeper automation and orchestration across the data lifecycle,” said Erin Tavgac, Co-Founder and CEO of Redbird. “We are moving quickly to empower organizations to develop the custom applications that solve the specific needs of their different stakeholders. We’re thrilled to have the support of all our investors to accelerate this mission.”
Companies have rapidly growing data analytics needs, yet most employees lack the technical skills to self-serve against those needs. Data teams are on average outnumbered 100 to 1 by nontechnical stakeholders, and therefore often struggle to keep up with business demands. Redbird gives both technical and nontechnical users the tools to effortlessly collaborate and meet their increasingly complex analytical needs.
“We believe that Redbird will become a mission-critical platform for enterprises to manage complex data workflows,” said Karen Page, General Partner at B Capital. “This investment underscores our strategy of working with innovative companies that enable rapid technological transformation across traditional industries. We’re excited to partner with Redbird as it grows its platform.”
"Thomson Reuters customers need technology that helps them get more out of their data without adding point solutions,” said Tamara Steffens, Managing Director at Thomson Reuters Ventures. “TR Ventures is excited about our investment in Redbird because its end-to-end data automation is a game changer for enterprise data management and analysis."
About Redbird
Redbird is an analytics operating system for the enterprise - empowering anyone within an organization to easily automate and unify their analytics work in minutes, without writing code. Learn more at www.redbird.io.
About B Capital
B Capital is a multi-stage global investment firm that partners with extraordinary entrepreneurs to shape the future through technology. With $6.5 billion in assets under management across multiple funds, the firm focuses on seed to late-stage growth investments, primarily in the enterprise, financial technology and healthcare sectors. Founded in 2015, B Capital leverages an integrated team across eight locations in the US and Asia, as well as a strategic partnership
Contact Details
Redbird
Bilal Mahmood
+44 7714 007257
b.mahmood@stockwoodstrategy.com
Company Website
