We’re excited to share that Omni, one of the Innovation Fund’s promising portfolio companies—and a tool that we, Fundrise, use in our internal company operations daily—recently announced a $69 million Series B round, led by ICONIQ Growth with participation from Snowflake, GV, Redpoint, First Round, Theory Ventures, Databricks Ventures and Fundrise.
The new funding values the company at approximately $650 million and follows an extraordinary year of execution, including 8x growth and a rapid climb to nearly $10 million in ARR—all in less than 18 months since launching its product.
Rewriting the BI rulebook
Founded in 2022 by Colin Zima, Jamie Davidson, and Christopher Merrick—alums of Looker and Stitch—Omni set out to fix a problem we know well: business intelligence is either too rigid to move fast or too loose to trust.
The company's core insight is that existing business intelligence solutions force organizations into difficult tradeoffs. Decentralized tools like Tableau provide widespread access to analytics but lack shared metrics and definitions, often leading to inconsistent results across an organization. Meanwhile, centralized tools like Looker promote consistency but can be slow, expensive, and tedious for data teams to manage. Faced with these tradeoffs, many companies resort to purchasing multiple tools or continuing to operate with siloed, inconsistent data analytics.
Omni takes a different approach, bridging this gap with a layered platform that supports both internal analytics and customer-facing data products. Omni combines multiple interfaces for data exploration — including SQL, Excel formulas, and AI — enabling business users and developers to quickly find answers while contributing to a shared data layer that ensures consistent metrics across the organization.
Whether you’re building dashboards, running ad-hoc queries, or embedding analytics into a product, Omni’s platform adapts to how teams actually work.
Exceptional growth and market validation
While the BI space has long been crowded, few companies have moved as quickly or efficiently as Omni. According to CEO Colin Zima, the team's north star has always been: ship fast, build thoughtfully, and stay laser-focused on product quality. In just three years, they've built a fully featured platform and the response from the market has been immediate.
This disciplined approach to product quality has translated into impressive business metrics that demonstrate Omni's growing market position:
- Scaled to nearly $10 million in annual recurring revenue
- Built a customer base of over 200 companies, including Perplexity, BuzzFeed, Writer, Incident.io, and Condé Nast
- Established a strong presence in a highly competitive market dominated by legacy vendors
The rapid pace of execution and customer adoption underscores both the strength of the team and the clear market need for Omni's approach to business intelligence.
Notably, alongside this funding round, Databricks Ventures has announced a new strategic partnership with Omni - to make it seamless for users of Omni and Databricks to derive insights from the Databricks Data Intelligence Platform. This collaboration will help companies accelerate their adoption of trustworthy AI while delivering fast, accessible insights across teams.
Fundrise as both customer and investor
The Innovation Fund's investment in Omni continues our commitment to identifying category-defining companies in the modern data infrastructure space. This investment is particularly meaningful as we are not only investors in Omni but also customers.
After a thorough evaluation of leading BI platforms, we recently consolidated our analytics stack from a combination of Looker and Tableau to Omni. The positive impact was immediate — more of our team is producing valuable analysis faster and with greater confidence, while our data governance has improved through Omni's shared data modeling capabilities. This experience mirrors that of other Omni customers who have seen significant improvements in data consistency, accessibility, and overall analytics efficiency.
As both users and investors, we've had a front-row seat to Omni's product excellence and ability to deliver value. Like our investments in dbt, Canva, Databricks, and Vanta, this firsthand experience gives us unique conviction in Omni's potential to become the leader among the next generation of business intelligence platforms.
Strategic growth plans
The new funding will allow Omni to accelerate its already impressive growth trajectory, with plans to expand their product and go-to-market teams. The company currently has approximately 85 employees and expects to reach 150 by the end of the year, focusing particularly on enhancing their embedded analytics and spreadsheet functionality.
We look forward to watching their continued growth and success as they transform how businesses leverage data in the AI era.

