• June 20, 2024

Tellius, a company that provides an AI-based business analytics and intelligence platform, announced it has secured a $16 million Series B funding round. Led by Baird Capital and existing investors Sands Capital Ventures, Grotech Ventures and Veraz Investments, the Reston, Va.-based company said it will use the cash infusion to hire sales, marketing and product engineering talent that will enable it to expand go-to-market activities.

Tellius said in a statement that the volume and complexity of business data, including the process intelligence driving improvements in RPA and intelligent automation, are overwhelming the ability of organizations to make analytics- and insights-driven decisions. As a result, it is more difficult to make timely decisions that enable businesses to reduce costs and increase efficiency. Tellius said it will apply the new funding to improve its platform that puts “greater analytical power directly into the hands of both analysts and business teams.”

“We’re helping companies modernize their data stack by delivering the industry’s most robust analytical solution, which has the flexibility to work with cloud data warehouses and data lakes to ingest data from traditional data sources and deliver faster and better business insights,” said Ajay Khanna, founder and CEO of Tellius. “This recent round of funding from top investors is proof of our vision and ability to execute as more organizations seek strategic advantage and superior business outcomes from data.”

Tellius has raised a total of $24 million in the last 15 months.