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PYRAMID ANALYTICS SECURES $50M IN FINANCING FROM BLACKROCK

November 25, 2024


LONDON, NEW YORK, TEL AVIV – 25 November 2024 – Pyramid Analytics, a
market-leading, AI-driven analytics and decision intelligence company, announced
it has raised $50M in new financing from funds and accounts managed by BlackRock
Capital Investment Advisors, LLC (“BlackRock”).

The fresh investment comes on the heels of Pyramid being named a Visionary in
the 2024 Gartner® Magic Quadrant™ for Analytics and Business Intelligence
Platforms, and being awarded the highest rank in all four use cases of the 2024
Gartner® Critical Capabilities for Analytics and Business Intelligence Platforms
report.

The Pyramid platform’s unique architecture and its powerful AI/ML integration
into every step of the data lifecycle eliminates operational complexity without
any tradeoffs.

This ease of use and accessibility has attracted the likes of the FDA, which has
adopted the company’s solution in 2024. Pyramid’s customer base also includes
ABB, Hallmark, Deloitte and Volkswagen.

“We are honored by BlackRock’s vote of trust in our vision and execution as we
bring the next-generation analytics solution to the upper mid-market and
enterprise organizations,” said Omri Kohl, Pyramid’s co-founder and CEO.

While Pyramid spearheads the AI revolution in business intelligence, BlackRock’s
investment rationale is also based on its business performance and efficiency.

“Our investment in Pyramid Analytics complements our track record of investing
in innovative software and technology businesses,” said John Doyle, Managing
Director at BlackRock. “We are pleased to give our clients exposure to a
business such as Pyramid, that sits at the intersection of data analytics and AI
capabilities, two segments that continue to benefit from robust secular
tailwinds.”

In addition to being recognized by Gartner, Pyramid Analytics has also landed a
number one ranking in 17 different KPIs on BARC’s 2025 BI and Analytics Survey,
as well as being recognized as a leader in 52 KPIs across the various groups.

“Pyramid has positioned itself as the thought leader in the Generative BI
(GenBI) and Decision Intelligence category. Fortune 2,000 customers use Pyramid
on a daily basis to solve and optimize operational, complex, data informed
decisions,” stated Yoav Tzruya, General Partner at JVP, and Pyramid board
member. “We are proud to receive BlackRock’s support, which further validates
Pyramid’s vision and market leadership, enabling us to continue our strong
performance, aiming to continue and solve the hardest operational business
problems for our customers, solidifying category leadership.”


ABOUT PYRAMID ANALYTICS

Pyramid Analytics is the next generation of business analytics. The
award-winning Pyramid Decision Intelligence Platform empowers people with
augmented, automated, and collaborative insights that simplify and guide the use
of data in decision-making. The Pyramid Platform provides direct access to any
data, enabling governed self-service for any person and meeting any analytics
need in a no-code environment. It combines data prep, business analytics, and
data science into one frictionless platform to empower anyone with intelligent
decision-making. This enables a strategic, enterprise-wide approach to business
intelligence and analytics, from the simple to the sophisticated. Schedule a
demo today.


MEDIA CONTACT

Itay Erez
VP Marketing, Pyramid Analytics
E-Mail: itay.erez@pyramidanalytics.com

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