Datalogz Secures $5M to Enhance BI Platform Integration and Reduce Dashboard Redundancy

NEW YORK, Dec. 14, 2023 — Datalogz, a pioneer in ending BI sprawl for data-mature organizations globally, announced that it has secured $5 million in funding, led by GreatPoint Ventures, with participation from Graphene Ventures, Squadra Ventures, Berkeley Skydeck, Defined, Mana Ventures, and Trajectory Ventures. This significant milestone brings the startup’s total fundraising for 2023 to just under $8 million.

The strategic investment propels Datalogz’s mission to end business intelligence (BI) sprawl at every data-mature company. This is a problem that happens as data adoption increases. Many companies are using multiple business intelligence platforms, leaving them with thousands of dashboards, while increasing the complexity and volume of data, reporting, and analytics.

This results in duplication, unused dashboards, security risks, and inefficiencies. Datalogz raised a previous round of funding earlier this year, and, and delivered successful pilots with some of the largest public companies in the world. Now, with increased resources, proven success, and top talent, the company is well-positioned to support every data-mature Fortune 500 company.

About 70% of companies have three or more business intelligence platforms, such as Power BI, Looker, Qlik, or Tableau. The BI sprawl that inevitably comes with this report proliferation is overtaking data mature organizations. What if an organization has the same KPI being reported in twenty different dashboards with slightly different calculations? Unfortunately, this is the reality for most data-mature organizations. This leads to wasted compute, but more importantly could result in major business consequences, as costs, risk, and labor efforts rise exponentially.

Datalogz’ solution creates the guardrails that make enterprise-wide BI initiatives successful by preventing BI sprawl and safely enabling self-service analytics. Datalogz plugs into the metadata and logs of BI platforms to instantly identify and automate solutions for critical issues that BI admins, CDOs and CIOs face every day, such as duplication, misreporting, inefficient queries, odd behavior patterns, and wasted computing costs.

Datalogz’ clients on average see at least a 30% reduction in BI-related costs and over 4,000 hours saved annually. More importantly, they see significant risk reduction in areas such as governance, data security, and misreporting.

“Partnering with Datalogz has opened up another dimension of value capture for us in the BI space by giving us an unprecedented level of clarity and control over our BI environment,” said Luke Rouquette, the director of Data Analytics at the American Bureau of Shipping.

About Datalogz

Datalogz is a venture-backed startup dedicated to building products that re-imagine an organization’s Business Intelligence environments. Datalogz is on a mission to end BI and analytics sprawl. The team comprises elite data technology entrepreneurs and analytics leaders and is always looking to bring on talent that aligns with its vision, mission, and values.

Source: Datalogz