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Investing in Zenlytic: Unlocking Business Insights with Agentic AI

M13 leads the $9M Series A for Zenlytic, an AI-powered business intelligence platform bridging the gap between natural language questions and the answers buried in companies’ data lakes.

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By
Karl Alomar
Karl Alomar
By M13 Team
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September 26, 2024
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3 min

One of the largest differentiators between successful, high-growth companies and laggards is the ability to make intelligent, data-driven decisions in real time. 

Fortunately, businesses today have more data than ever before. Unfortunately, low data literacy continues to plague global workforces. A mere 11% of employees are fully confident in their ability to read, analyze, work with, and communicate with data, per Qlik’s annual data literacy report

New AI tools—like M13’s newest portfolio company, Zenlytic—are bridging the gap between human question-askers and the answers buried in companies’ databases. 

Zenlytic can comprehend and answer natural language questions, like “What are my top 3 marketing channels?” Source: Zenlytic

Zenlytic’s business intelligence platform combines dashboards, self-serve exploration, and a GPT-powered chatbot. With this platform, data query processes that traditionally require significant engineering and data analysis skills can now be trained onto an LLM, providing efficient answers and opening up a world of data insights. We believe the platform empowers managers across the whole organization—including the other 89%—to make data-driven decisions off a centralized consistent data set.

The platform’s BI tool is built on top of an AI agent, Zoë, that can understand natural language questions, dig in deeper by asking its own questions, read unstructured data, and query a company's data lake to answer business intelligence inquiries quickly and consistently.

The world needs an analytics platform that people can actually use." —Ryan Janssen, Zenlytic Co-founder & CEO

According to Co-founder & CEO Ryan Jannsen, "This [fundraise] is a huge milestone for Zenlytic as we advance our mission to democratize data analytics. We’re excited to partner with M13 and other investors to scale our engineering and commercial teams. The world needs an analytics platform that people can actually use."

Zenlytic fits well into M13’s overall investment thesis around AI agents in knowledge work. Along with companies like Maven AGI and Lantern, Zenlytic is bringing data closer to the front lines, so salespeople and product leaders can partner with agents to make better decisions more quickly.

The Zenlytic team demoing Zoë, their AI data analyst, at Big Data LDN 2024. Source: Zenlytic

At M13, we are excited to partner with Zenlytic on its journey to redefine how organizations harness the power of data and deliver across the organization seamlessly, and we value the team’s commitment to innovation and user-centric design.

We’re proud to lead the company’s $9M Series A, investing alongside our peers at Bain Capital Ventures, Primary Ventures, Company Ventures, Correlation Ventures, and 14 Peaks, among others. 

One of the largest differentiators between successful, high-growth companies and laggards is the ability to make intelligent, data-driven decisions in real time. 

Fortunately, businesses today have more data than ever before. Unfortunately, low data literacy continues to plague global workforces. A mere 11% of employees are fully confident in their ability to read, analyze, work with, and communicate with data, per Qlik’s annual data literacy report

New AI tools—like M13’s newest portfolio company, Zenlytic—are bridging the gap between human question-askers and the answers buried in companies’ databases. 

Zenlytic can comprehend and answer natural language questions, like “What are my top 3 marketing channels?” Source: Zenlytic

Zenlytic’s business intelligence platform combines dashboards, self-serve exploration, and a GPT-powered chatbot. With this platform, data query processes that traditionally require significant engineering and data analysis skills can now be trained onto an LLM, providing efficient answers and opening up a world of data insights. We believe the platform empowers managers across the whole organization—including the other 89%—to make data-driven decisions off a centralized consistent data set.

The platform’s BI tool is built on top of an AI agent, Zoë, that can understand natural language questions, dig in deeper by asking its own questions, read unstructured data, and query a company's data lake to answer business intelligence inquiries quickly and consistently.

The world needs an analytics platform that people can actually use." —Ryan Janssen, Zenlytic Co-founder & CEO

According to Co-founder & CEO Ryan Jannsen, "This [fundraise] is a huge milestone for Zenlytic as we advance our mission to democratize data analytics. We’re excited to partner with M13 and other investors to scale our engineering and commercial teams. The world needs an analytics platform that people can actually use."

Zenlytic fits well into M13’s overall investment thesis around AI agents in knowledge work. Along with companies like Maven AGI and Lantern, Zenlytic is bringing data closer to the front lines, so salespeople and product leaders can partner with agents to make better decisions more quickly.

The Zenlytic team demoing Zoë, their AI data analyst, at Big Data LDN 2024. Source: Zenlytic

At M13, we are excited to partner with Zenlytic on its journey to redefine how organizations harness the power of data and deliver across the organization seamlessly, and we value the team’s commitment to innovation and user-centric design.

We’re proud to lead the company’s $9M Series A, investing alongside our peers at Bain Capital Ventures, Primary Ventures, Company Ventures, Correlation Ventures, and 14 Peaks, among others. 

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The views expressed here are those of the individual M13 personnel quoted and are not the views of M13 Holdings Company, LLC (“M13”) or its affiliates. This content is for general informational purposes only and does not and is not intended to constitute legal, business, investment, tax or other advice. You should consult your own advisers as to those matters and should not act or refrain from acting on the basis of this content. This content is not directed to any investors or potential investors, is not an offer or solicitation and may not be used or relied upon in connection with any offer or solicitation with respect to any current or future M13 investment partnership. Past performance is not indicative of future results. Unless otherwise noted, this content is intended to be current only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in funds managed by M13, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by M13 is available at m13.co/portfolio.