Omni's $120M Round
- Omni, a San Francisco data startup, said on April 23 it raised a $120 million Series C led by ICONIQ at a $1.5 billion valuation, four years after launch. - The round includes an employee tender offer, and Omni said its annual recurring revenue grew 4x over the last year as customers used its software to govern AI answers from company data. - The deal lands as companies race to add AI to analytics tools and need systems that define metrics consistently across teams and models. (finance.yahoo.com)
Omni said April 23 that it raised a $120 million Series C led by ICONIQ, valuing the San Francisco startup at $1.5 billion. (omni.co) (finance.yahoo.com) The company sells analytics software that sits between raw corporate data and the people or artificial intelligence systems asking questions about it. Omni calls that layer a semantic layer, which sets shared definitions for metrics like revenue and customer counts. (finance.yahoo.com) (techcrunch.com) Omni said existing investors Theory Ventures, First Round Capital, Redpoint Ventures, and GV also joined the round. The company also launched an employee tender offer alongside the financing. (omni.co) Chief executive Colin Zima wrote that Omni scaled annual recurring revenue 4x over the last year. Fortune reported the company hit profitability in March and employs about 200 people across San Francisco, Dublin, and Sydney. (omni.co) (finance.yahoo.com) The round follows Omni’s $69 million Series B, which TechCrunch reported in March 2025. At that point, the company said it had more than 200 customers and nearly $10 million in annual recurring revenue. (techcrunch.com) Fortune reported Omni customers include BambooHR, Guitar Center, Checkr, Mercury, Pendo, and Heidi AI. BambooHR uses Omni to serve more than 100,000 users, according to the report. (finance.yahoo.com) Omni’s pitch lands in a crowded market. Fortune said OpenAI launched Frontier in February as a semantic layer for enterprise AI, while Snowflake and Databricks already bundle similar capabilities into their data stacks. (finance.yahoo.com) The backdrop is a broader rush to make company data usable by AI without letting models invent definitions. Zima wrote that natural language works as an interface for data only when companies can encode business logic, permissions, and metric definitions in one governed system. (omni.co) That helps explain why investors are still writing large software checks even after a slower funding market. TechCrunch reported global fintech funding fell 20% in 2024, though the annual decline was the smallest in three years; Omni’s raise is instead landing in enterprise data software tied to AI adoption. (techcrunch.com) (finance.yahoo.com) For Omni, the bet is that more companies will ask AI to answer business questions, and more of them will need a rulebook underneath those answers. That is the business investors just valued at $1.5 billion. (finance.yahoo.com)
