{"id":482217,"date":"2021-04-27T08:03:55","date_gmt":"2021-04-27T12:03:55","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/tellius-raises-8-million-to-close-the-data-insights-gap-with-ai-driven-decision-intelligence\/"},"modified":"2021-04-27T08:03:55","modified_gmt":"2021-04-27T12:03:55","slug":"tellius-raises-8-million-to-close-the-data-insights-gap-with-ai-driven-decision-intelligence","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/tellius-raises-8-million-to-close-the-data-insights-gap-with-ai-driven-decision-intelligence\/","title":{"rendered":"Tellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence"},"content":{"rendered":"

<\/p>\n

Tellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence<\/b><\/p>\n

Investments from Sands Capital Ventures and Grotech Ventures to support expansion of company\u2019s decision intelligence platform capabilities<\/i><\/p>\n

Funding follows a 300% year-over-year revenue increase for Tellius<\/i><\/p>\n

RESTON, Va.–(BUSINESS WIRE<\/a>)–Tellius<\/a>, the AI-driven decision intelligence platform, today announced an $8 million Series A funding round led by Sands Capital Ventures with participation from Grotech Ventures\u2014bringing the company\u2019s total fundraising to-date to $17 million. The funds will be used to expand the company\u2019s platform capabilities and support its mission of helping organizations get from data to decisions faster with intelligent automation.\n<\/p>\n

\nThere is currently a massive insights gap caused by silos between business intelligence (BI) dashboards and machine learning (ML) and AI tools that is preventing organizations from capturing new business opportunities hidden in their data. Businesses need to move beyond dashboards to acquire a new level of data intelligence to understand the reasons why metrics change and uncover granular insights that inform the best actions to take. Unfortunately, existing ML and AI tools are too complex for business users and analysts to work with and understand\u2014forcing organizations to spend a significant amount of time, resources, and advanced data science expertise to get actionable insights from their data.\n<\/p>\n

\nTellius is the first decision intelligence platform that combines AI- and ML-driven automation with a natural language search interface, allowing users to ask questions of their business data, analyze billions of data records in seconds, and gain comprehensive, automated insights in a single platform. The platform accelerates the process of discovering the most important findings from data without laborious manual analysis or complex feature engineering, from identifying root causes for trend changes, to uncovering key business drivers and segments. Fortune 500 brands and small- and medium-sized businesses alike, across key industries such as pharmaceutical and life sciences, CPG, financial services, and more rely on Tellius to get faster, more accurate, and more valuable data insights.\n<\/p>\n

\n“Tellius enables our business and analyst teams to easily get AI-driven insights from our internal and third-party data sources that we have never been able to attain with traditional analytical tools,” says Alex Cucerov, Senior Manager, Commercial Operations and Analytics at Karyopharm Therapeutics Inc. “The commercial team has improved customer segmentation and predicted buying patterns by visualizing the outputs of machine learning automation, without needing data scientists involved in the process. In one use case, we identified an additional 30% of new sales opportunities in segments we had not thought of before.”\n<\/p>\n

\nDemand for Tellius\u2019 platform has grown significantly in the last year as organizations turned to AI-driven analytical solutions to help them make sense of surging volumes of data. In the last 12 months alone, Tellius saw a 300% year-over-year increase in revenue. With its latest round of funding, the company will continue to scale and invest in its platform capabilities, as well as sales and marketing support, to help every organization move beyond dashboards to AI-driven business intelligence.\n<\/p>\n

\n\u201cOur vision is to help individuals\u2014whether they are an advanced analyst, citizen data scientist, or business user\u2014quickly gain data insights that will inform better, more impactful business decisions,\u201d said Ajay Khanna, CEO and founder, Tellius. \u201cWith a flexible, easy-to-use natural language interface, the Tellius decision intelligence platform is built to handle even the most complex data questions, delivering fast, personalized responses that make understanding data easier than ever before. We\u2019re proud to be empowering companies all over the world to close the data insights gap, cut down on analysis time, and augment their team\u2019s capabilities to get faster, more valuable insights with ease.\u201d\n<\/p>\n

\n\u201cTellius has massive potential to accelerate discovery of deeper insights from large volumes of data using AI and ML techniques for business data analysis,\u201d said Gene Riechers, venture partner, Sands Capital Ventures. \u201cWe are inspired by Ajay and his team\u2019s vision of democratizing data analytics and insights for enterprises. Sands Capital is thrilled to lead Tellius\u2019 investment round and looks forward to supporting their continued growth.\u201d\n<\/p>\n

\nTo learn more about Tellius and the benefits of AI-driven business intelligence, tune into this webinar with guest speaker IDC Research Director Chandana Gopal on Wednesday, April 28 at 1 p.m. ET: www.tellius.com\/idc-elevate-analytics-maturity-next-level-ai-bi-webinar\/<\/a>.\n<\/p>\n

About Tellius
\n
<\/b>Tellius is an AI-driven decision intelligence platform that enables anyone to get faster insights from their data. The company helps organizations across industries, including financial services, pharmaceutical and life sciences, retail, healthcare, and high technology, accelerate their journey from data to decisions by augmenting human expertise and curiosity with intelligent automation. The company\u2019s platform combines AI- and ML-driven automation with a search interface for ad hoc exploration, allowing users to ask questions of their business data, analyze billions of records in seconds, and gain comprehensive, automated insights in a single platform. Founded in 2016, Tellius is backed by Sands Capital Ventures, Grotech Ventures, and Veraz Investments.\n<\/p>\n

\nTo learn more, follow Tellius on LinkedIn<\/a> and Twitter<\/a>, or visit www.tellius.com<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210427005364\/en\/<\/a><\/span><\/p>\n

\nNicole Metro
\n
V2 Communications for Tellius
\n
tellius@v2comms.com
\n<\/a>
(617) 426-2222\n<\/p>\n

KEYWORDS:<\/b> United States North America Virginia<\/p>\n

INDUSTRY KEYWORDS:<\/b> Software Technology Other Technology Data Management<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Tellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence Investments from Sands Capital Ventures and Grotech Ventures to support expansion of company\u2019s decision intelligence platform capabilities Funding follows a 300% year-over-year revenue increase for Tellius RESTON, Va.–(BUSINESS WIRE)–Tellius, the AI-driven decision intelligence platform, today announced an $8 million Series A funding round led by Sands Capital Ventures with participation from Grotech Ventures\u2014bringing the company\u2019s total fundraising to-date to $17 million. The funds will be used to expand the company\u2019s platform capabilities and support its mission of helping organizations get from data to decisions faster with intelligent automation. There is currently a massive insights gap caused by silos between business intelligence (BI) dashboards and machine learning … <\/p>\n

Continue reading “Tellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-482217","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nTellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/tellius-raises-8-million-to-close-the-data-insights-gap-with-ai-driven-decision-intelligence\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Tellius Raises $8 Million to Close the Data Insights Gap with AI-Driven Decision Intelligence Investments from Sands Capital Ventures and Grotech Ventures to support expansion of company\u2019s decision intelligence platform capabilities Funding follows a 300% year-over-year revenue increase for Tellius RESTON, Va.–(BUSINESS WIRE)–Tellius, the AI-driven decision intelligence platform, today announced an $8 million Series A funding round led by Sands Capital Ventures with participation from Grotech Ventures\u2014bringing the company\u2019s total fundraising to-date to $17 million. 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