The unifying thread across many of the startups we back at Homebrew is that data transparency, aggregation and analysis are driving change in every industry. When we initially invested in Outlier, the thesis was that organizations would be overwhelmed by all of this data becoming available and thus, unable to make sense of it all in an efficient or timely manner. That’s why we were so excited for Outlier’s creation of automated business analysis.
Since then, Sean Byrnes, Mike Kim and team have gone on to create an entirely new category of software that is being embraced by customers throughout the Fortune 500 such as Capital One and Celebrity Cruises. That clear market pull, combined with a stellar team and a one-of-a-kind product, caused our friends at Emergence Capital to jump at the opportunity to lead Outlier’s next financing. Today, the company announces its $22.1 million Series B financing.
Outlier’s AI-powered platform is deployed in minutes and automatically starts generating key insights about important changes in the business and what may have caused them. It goes well beyond dashboard visualizations, data aggregation and reporting by uncovering relevant insights buried deep in volumes of data without requiring customers to generate hypotheses or know in advance what questions to ask. We’re excited to continue our partnership with Outlier and are looking forward to the evolution in business intelligence it has triggered.
If Outlier’s mission and technology intrigues you, they’re hiring.