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Looker snags $103 million investment on $1.6 billion valuation

Looker has been helping customers visualize and understand their data for seven years now and today it got a big reward, a $103 million Series E investment on a $1.6 billion valuation.

The round was led by Premji Invest with new investment from Cross Creek Advisors and participation from the company’s existing investors. With today’s investment Looker has raised $280.5 million, according the company.

In spite of the large valuation, Looker CEO Frank Bien really wasn’t in the mood to focus on that particular number, which he said was arbitrary, based on the economic conditions at the time of the funding round. He said having an executive team old enough to remember the dot-com bubble from the late 1990s and the crash of 2008, keeps them grounded when it comes to those kinds of figures

Instead, he preferred to concentrate on other numbers. He reported that the company has 1600 customers now and just crossed the $100 million revenue run rate, a significant milestone for any enterprise SaaS company. What’s more, Bien reports revenue is still growing 70 percent year over year, so there’s plenty of room to keep this going.

He said he took such a …read more

Thank you Source: Enterprise

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