The business intelligence sector is filled with companies helping others make sense of data. Germany's Celonis leads the group with a valuation of $13 billion.
Other major companies like ThoughtSpot have also reached high valuations, currently at $4.2 billion.
Below is the full list of 23 Business Intelligence unicorn startups at this time.
Top 10 Most Valuable Business Intelligence Unicorns
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Get the Sheet for $50Celonis provides an execution management system that helps companies analyze and improve their core business processes. Their platform uses process mining technology to identify and resolve operational inefficiencies, ultimately boosting performance.
| Valuation | $13B (Joined June 2018) |
| Headquarters | Munich, Bayern, Germany |
| Year Founded | 2011 |
| Founders | Alexander Rinke, Bastian Nominacher, Martin Klenk |
| Funding Amount | $2.4B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Series D |
| Top Investors | TCV, Accel, Franklin Templeton, Deutsche Bank, Bank of America |
ThoughtSpot builds an AI-native analytics platform that allows enterprise teams to find insights using a search-based interface. Their core technology empowers non-technical users to ask questions of their data in natural language and get automated answers.
| Valuation | $4.2B (Joined May 2018) |
| Headquarters | Mountain View, California, United States |
| Year Founded | 2012 |
| Founders | Abhishek Rai, Ajeet Singh, Amit Prakash, Priyendra Deshwal, Sanjay Agrawal, Shashank Gupta, Vijay Ganesan |
| Funding Amount | $663.7M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series F |
| Top Investors | General Catalyst, Ballistic Ventures, Khosla Ventures, Lightspeed Venture Partners, Sapphire Ventures |
insightsoftware builds a suite of financial reporting and performance management solutions for the Office of the CFO. Over 32,000 organizations worldwide rely on their software for needs in accounting, budgeting, and disclosure management.
| Valuation | $4B |
| Headquarters | Raleigh, North Carolina, United States |
| Year Founded | 2018 |
| Founders | — |
| Funding Amount | CA$1B |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Private Equity |
| Top Investors | TA Associates, ST6, Hg, Genstar Capital |
Motive builds a fleet management and driver safety platform to improve the productivity and profitability of commercial operations. Their system uses AI-powered tools, including smart dashcams and vehicle tracking, to help businesses run safer and more efficient fleets.
| Valuation | $3B (Joined April 2019) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2013 |
| Founders | Obaid Khan, Ryan Johns, Shoaib Makani |
| Funding Amount | $717.3M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Insight Partners, Kleiner Perkins, Index Ventures, IVP, BlackRock |
EliseAI builds a conversational AI platform designed to automate workflows for the real estate and healthcare industries. Their technology streamlines operations by managing communications and tasks, from leasing inquiries to patient interactions.
| Valuation | $2.2B (Joined August 2024) |
| Headquarters | New York, New York, United States |
| Year Founded | 2017 |
| Founders | Minna Song, Stoyan Stoyanov |
| Funding Amount | $391.9M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Navitas Capital, Bessemer Venture Partners, Sapphire Ventures, Andreessen Horowitz, Point72 Ventures |
FullStory develops a digital experience intelligence platform that captures customer interaction data from websites and apps. This gives product and engineering teams the ability to replay user sessions to find bugs and improve the overall user experience.
| Valuation | $2B (Joined August 2021) |
| Headquarters | Atlanta, Georgia, United States |
| Year Founded | 2014 |
| Founders | Bruce Johnson, Joel Webber, Scott Voigt |
| Funding Amount | $197.2M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Venture Round |
| Top Investors | Salesforce Ventures, GV, Permira, TechOperators Venture Capital, Kleiner Perkins |
Sigma Computing builds a business intelligence platform that gives teams live access to their cloud data warehouses. They are recognized for a spreadsheet-like interface that lets non-technical users explore and analyze data on their own.
| Valuation | $2B (Joined May 2024) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2014 |
| Founders | Jason Frantz, Mike Speiser, Rob Woollen |
| Funding Amount | $645.3M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series D |
| Top Investors | Spark Capital, Sutter Hill Ventures, Snowflake Ventures, NewView Capital, Altimeter Capital |
Eightfold AI provides a complete AI platform for talent management to help companies find, recruit, and retain workers. Their system uses deep learning to analyze skills and potential, matching candidates to roles and helping businesses develop their existing workforce.
| Valuation | $2B |
| Headquarters | Santa Clara, California, United States |
| Year Founded | 2016 |
| Founders | Ashutosh Garg, Varun Kacholia |
| Funding Amount | $396.8M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | IVP, Foundation Capital, General Catalyst, Lightspeed Venture Partners, South Park Commons |
Dremio created an open data lakehouse platform that enables fast SQL queries for analytics and business intelligence. Their self-service semantic layer allows data teams to work directly on data lake storage without complex data pipelines.
| Valuation | $2B (Joined January 2021) |
| Headquarters | Santa Clara, California, United States |
| Year Founded | 2015 |
| Founders | Jacques Nadeau, Tomer Shiran |
| Funding Amount | $410M |
| Company Size | Large Team (251-1,000) |
| Last Funding Status | Series E |
| Top Investors | Norwest, Sapphire Ventures, Lightspeed Venture Partners, Insight Partners, Adams Street Partners |
AppsFlyer builds a marketing analytics platform to help brands make better business decisions. They specialize in mobile attribution and deep linking technology, giving companies a clear way to measure results and protect against fraud.
| Valuation | $2B (Joined January 2020) |
| Headquarters | San Francisco, California, United States |
| Year Founded | 2011 |
| Founders | Oren Kaniel, Reshef Mann |
| Funding Amount | $293.1M |
| Company Size | Major Organization (1,001-5,000) |
| Last Funding Status | Venture Round |
| Top Investors | Qumra Capital, DTCP, Salesforce Ventures, Goldman Sachs, General Atlantic |
The Remaining 13 Business Intelligence Unicorns
The ten most valuable unicorns only tell part of the story. While the US is a major hub, founders are building billion-dollar business intelligence companies everywhere from Canada to Singapore.
Investors have poured over $4.7 billion into these other companies, a clear sign of the industry's health. Here’s a look at the rest of the unicorn startups shaping the field.