Total amount raised
$31.7 Millions
Latest funding date
10/01/2022
Location
Tellius has successfully raised funds through multiple rounds, with the latest being a Series B round closed on October 20, 2022. The company is backed by investors including Grotech Ventures and Baird Capital.
Keep reading to explore the intricacies of Tellius's fundraising journey and the investors backing this innovative platform.
What Is Tellius?
Tellius, founded in 2018 by Ajay Khanna, is headquartered in Herndon, Virginia. The company specializes in AI-powered business analytics, offering a platform that accelerates data-driven insights and decision-making.
With a team of 101-250 employees, Tellius provides features such as automated insights, natural language search analytics, and machine learning. The platform is designed to help enterprises uncover hidden correlations, trends, and anomalies in their data.
Tellius's innovative approach extends traditional self-service BI concepts through search-enabled visualizations and a proprietary recommendation engine. This allows users to generate deeper insights and automate workflows efficiently.
How Much Funding Has Tellius Raised?
- Seed Round
- Amount Raised: $200K
- Date: February 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Typically, seed funding is used to develop the initial product, conduct market research, and build the core team.
- Series A
- Amount Raised: $7.5M
- Date: March 2018
- Lead Investors: Veraz Investments
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Generally, Series A funding is used to scale the business, develop the product further, and expand the team.
- Series A
- Amount Raised: $8M
- Date: April 2021
- Lead Investors: Sands Capital Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: Typically used to scale the business, develop the product further, and expand the team.
- Series B
- Amount Raised: $16M
- Date: October 2022
- Lead Investors: Baird Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support product development, innovation, and partnerships. The company aims to grow its technology and service partnerships, expand its customer success efforts, and increase its workforce by about 50% within the next year.
Total Amount Raised: $31.7M
Current Valuation: Not publicly disclosed
Key Investors
- Baird Capital
- Details: Baird Capital led the Series B funding round for Tellius. Mark Donnelly, a partner at Baird Capital, emphasized the importance of Tellius' platform in the decision intelligence market.
- Investment Focus Areas: Technology and services, healthcare, industrial solutions
- Notable Investments: Coalfire, a cybersecurity advisory firm
- Sands Capital Ventures
- Details: Sands Capital Ventures participated in the Series B round and has been a previous investor in Tellius. They focus on high-growth companies in the technology and life sciences sectors.
- Investment Focus Areas: Technology, life sciences
- Notable Investments: Amazon, Netflix, LinkedIn
- Grotech Ventures
- Details: Grotech Ventures participated in the Series B round and has been a previous investor in Tellius. They invest in early-stage technology companies.
- Investment Focus Areas: Early-stage technology companies
- Notable Investments: LivingSocial, LogRhythm
- Veraz Investments
- Details: Veraz Investments participated in the Series B round and has been a previous investor in Tellius. They focus on technology and innovative companies.
- Investment Focus Areas: Technology, innovative companies
- Notable Investments: Specific notable investments are not mentioned in the sources.
What's Next for Tellius?
Tellius stands at the cusp of significant growth, driven by the burgeoning decision intelligence market. With plans to enhance its platform and expand partnerships, the company is poised to capitalize on the increasing demand for AI-driven analytics. The potential for growth is immense, as more enterprises seek actionable insights from their data.
Future fundraising opportunities appear promising, given the company's strong market positioning and investor confidence. Additional funding rounds could support further innovation and expansion, ensuring Tellius remains competitive. However, challenges such as educating the market and competing with established players like Microsoft BI and Tableau may test the company's resilience.
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