Periscope Data’s $25M Series B
We’re excited to announce that we’ve raised $25M in Series B Funding!
At Periscope Data, our mission is to inspire and empower every data scientist in the world to do the best work of their lives. To accomplish this, we’ll need the very best teammates and partners. That’s why we’re overjoyed that Ethan Kurzweil from Bessemer Venture Partners is joining Periscope Data as the newest member of our board. A number of previous investors are also participating in the round, including DFJ, Susa Ventures, Innovation Endeavors and AngelPad.
When we first met Ethan we were immediately excited by his unique experience helping scale companies with technical audiences. But as we spent more time with him over the last few months, we realized our values also closely aligned: data-driven decision-making, openness, and transparency. And his love of Mission District cuisine certainly didn’t hurt!
It’s been a whirlwind year! Our revenues have grown more than 5x and our customer base has grown more than 3x. Now more than 600 customers use Periscope every day to analyze data and make decisions that power their businesses.
But our work isn’t done. Reaching and empowering all the data scientists in the world is a unique challenge, and it will take many years and a deep commitment to achieve. We’ll be using this funding to scale our product development and our sales and marketing efforts. We’re also planning on investing more time and resources helping data scientists at larger companies, a group we’ve gotten to know better in the last year.
The coming years promise to be even more exciting, challenging, and inspiring than the last. If you’re an engineer who wants to ship 9 times per day, a salesperson who wants to sell a product users love, a solutions engineer who wants to help customers with deep analytical problems, or someone inspired by our mission, then good news: we’re hiring.