Logi Analytics has closed a $27.5 million growth equity investment led by new investor LLR Partners, with participation from existing investor Updata Partners. Based in McLean, VA, the company enables organizations to put real-time information to work by allowing users to create Web-based BI and analytics applications that can be integrated within organizations’ applications, systems and processes. Logi will use the new capital to support new product launches, further product development and expand into new geographies and verticals.
Logi has now raised over $49 million in funding to date, including a $10 million Series B investment in 2011 that valued the company at nearly $71 million. Additional backers include Grotech Ventures and Summit Partners.