Total amount raised
$31.7 Million
Latest funding date
10/01/2022
Location
Tellius has successfully navigated four funding rounds, with notable backing from Grotech Ventures and Baird Capital. The latest Series B round underscores the growing confidence in Tellius's AI-powered business analytics platform.
Keep reading to explore the intricacies of Tellius's fundraising journey and the investors backing this innovative platform.
What Is Tellius?
Tellius, based in Herndon, Virginia, is an AI-powered business analytics platform designed to help enterprises accelerate data-driven insight and decision-making. The company operates in the fields of analytics, artificial intelligence, intelligent systems, machine learning, and predictive analytics.
Founded to empower businesses with advanced data insights, Tellius has grown to employ between 101-250 people. The platform supports various industries, including Pharma & Life Sciences, Consumer Goods & eCommerce, Software & Tech, Healthcare, and Financial Services.
How Much Funding Has Tellius Raised?
- Series B
- Amount Raised: USD 16,000,000
- Date: October 2022
- Lead Investors: Baird Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development, innovation, and partnerships, and to expand the workforce by about 50%.
- Series A
- Amount Raised: USD 8,000,000
- Date: April 2021
- Lead Investors: Sands Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale the business, develop the product further, and expand the team.
- Series A
- Amount Raised: USD 7,500,000
- Date: March 2018
- Lead Investors: Veraz Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate the company's growth and enhance its AI-powered business analytics platform.
- Seed
- Amount Raised: USD 200,000
- Date: February 2018
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support initial product development, market research, and early-stage business operations.
Total Amount Raised: USD 31,700,000. Current Valuation: Not publicly disclosed.
Key Investors
- Baird Capital
- Details: Baird Capital is a global private equity and venture capital firm that invests in high-potential companies across various sectors. They led the Series B funding round for Tellius.
- Investment Focus Areas: Healthcare, technology, industrial solutions
- Notable Investments: Coalfire, Prescient
- Sands Capital Ventures
- Details: Sands Capital Ventures is a venture capital firm that focuses on investing in innovative and high-growth companies. They participated in both Series A and Series B funding rounds for Tellius.
- Investment Focus Areas: Technology, life sciences, consumer
- Notable Investments: Amazon, Netflix, LinkedIn
- Grotech Ventures
- Details: Grotech Ventures is a venture capital firm that provides early-stage and growth capital to technology companies. They participated in the Series B funding round for Tellius.
- Investment Focus Areas: Software, IT infrastructure, digital media
- Notable Investments: LivingSocial, LogRhythm
- Veraz Investments
- Details: Veraz Investments is an investment firm that participates in funding rounds for promising startups and growth-stage companies. They have been involved in multiple funding rounds for Tellius.
- Investment Focus Areas: Technology, high-growth startups
- Notable Investments: Not publicly disclosed
What's Next for Tellius?
Tellius stands at the cusp of significant growth, driven by the increasing demand for AI-powered decision intelligence. The company plans to enhance its platform, expand go-to-market strategies, and form strategic partnerships with top-tier technology vendors. This expansion is bolstered by the recent $16 million Series B funding, which will also support talent acquisition across sales, marketing, and product engineering.
Future fundraising opportunities seem promising as the market for decision intelligence continues to grow. With the adoption of AI and machine learning for data-driven decision-making, Tellius is well-positioned to attract further investments. However, the company must navigate challenges such as educating the market, competing with established BI vendors, and scaling operations to meet increasing demand.
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