Mode
Mode Analytics, founded in 2013 and headquartered in San Francisco, provides a business intelligence and analytics platform designed for collaborative data work.
Profile
Mode is a cloud-based analytics platform that lets data teams write SQL and Python queries, build interactive charts and dashboards, and share analysis across their organization.
Mode Analytics, founded in 2013 and headquartered in San Francisco, provides a business intelligence and analytics platform designed for collaborative data work. The company raised $33 million in Series D funding in August 2020, led by H.I.G. Growth Partners, bringing total disclosed funding to $83 million.
In its fiscal year ending January 31, 2022, Mode reported four consecutive quarters of accelerating growth, doubled its average sales price from the prior year, and grew headcount by more than 60%. The company also noted that average recurring revenue per customer grew 22% year-over-year, and that figure increased by over 200% after two years of use and 450% after four years. Product trial sign-ups rose 900% in that period.
Mode's platform combines SQL-based analysis, interactive visualization, and dashboarding, with features like Visual Explorer launched in 2021. The company serves enterprise customers across publishing, financial services, pharmaceuticals, and consumer goods. By mid-2020, Mode reported processing 830 million query runs and 170 million notebook cell runs for 300,000 users.
The company's market position sits within the broader advanced analytics market, which MarketsandMarkets estimated at $97.17 billion in 2026, growing at 14.7% CAGR to $193.23 billion by 2031. Mode has not disclosed recent revenue figures or a subsequent funding round since 2020, and its most recent public growth metrics date to early 2022. The company faces a competitive landscape that includes legacy BI vendors and newer cloud-native analytics platforms.
Products by Mode
Who buys this
- Large enterprises with dedicated data teams (data scientists, analysts, engineers)
- Mid-market technology and SaaS companies needing collaborative analytics workflows
- Financial services firms requiring ad-hoc analysis and reporting
- Publishing and media organizations with complex data pipelines
- Pharmaceutical and life sciences companies doing quantitative analysis
Publicly disclosed clients
- AB InBev
- Condé Nast
- The New York Times
- Square (Cash App)
- Vertex Pharmaceuticals
- Shopify
- Lyft
- Zillow
- Bloomberg
- Capital One
- VMware
- Atlassian
- Figma
- DoorDash
Strengths and what to watch
Strengths
- Platform designed for collaborative analysis, allowing teams to build on each other's SQL and Python work within shared notebooks and reports
- Demonstrated ability to expand revenue per customer over time, with average recurring revenue per customer growing 22% year-over-year and over 450% after four years
- Enterprise customer base includes well-known brands across multiple verticals, with several contracts exceeding $1 million in annual revenue
Watch for
- No disclosed funding or acquisition activity since the $33 million Series D in August 2020, which may indicate slower growth or difficulty raising additional capital
- Most recent public growth metrics date to fiscal year 2022; the company has not released updated revenue, headcount, or customer numbers in over four years
- Competitive pressure from both legacy BI platforms (Tableau, Power BI) and newer cloud-native analytics tools (Looker, Sigma Computing, Metabase) in a rapidly consolidating market
Key Information
- Industry
- Data Analyst Platforms
- Founded
- 2013
- Headquarters
- San Francisco
Frequently Asked Questions
What is Mode Analytics?
Mode Analytics is a cloud-based analytics platform that lets data teams write SQL and Python queries, build interactive charts and dashboards, and share analysis across their organization. It is designed for collaborative data work and serves enterprise customers.
How much funding has Mode Analytics raised?
Mode Analytics raised $33 million in Series D funding in August 2020, led by H.I.G. Growth Partners, bringing total disclosed funding to $83 million. The company has not disclosed any subsequent funding rounds since then.
What are Mode Analytics' key features?
Mode Analytics combines SQL-based analysis, interactive visualization, and dashboarding. It includes features like Visual Explorer launched in 2021, and allows teams to build on each other's SQL and Python work within shared notebooks and reports for collaborative analysis.
Who are Mode Analytics' notable customers?
Notable customers include AB InBev, Condé Nast, The New York Times, Square (Cash App), Vertex Pharmaceuticals, Shopify, Lyft, Zillow, Bloomberg, Capital One, VMware, Atlassian, Figma, and DoorDash. These span publishing, financial services, pharmaceuticals, and consumer goods.
How has Mode Analytics' revenue grown over time?
Mode Analytics reported four consecutive quarters of accelerating growth in fiscal year 2022. Average recurring revenue per customer grew 22% year-over-year, and that figure increased by over 200% after two years of use and 450% after four years.
Who are Mode Analytics' main competitors?
Mode Analytics faces competition from legacy BI platforms like Tableau and Power BI, as well as newer cloud-native analytics tools such as Looker, Sigma Computing, and Metabase. The advanced analytics market is rapidly consolidating, with estimated growth to $193.23 billion by 2031.
Sources
- mode.com — FY2022 growth metrics: four consecutive quarters of accelerating growth, doubled ASP, 60% headcount growth, 900% trial sign-up increase, customer retention improvements, and enterprise customer names
- mode.com — $33 million Series D funding led by H.I.G. Growth Partners, total funding of $83 million, customer list including AB InBev, Zillow, Lyft, Bloomberg, Capital One, VMware, Condé Nast, and 830 million query runs for 300,000 users
- techcrunch.com — Independent reporting on the $33 million Series D round, company description, and market positioning
- www.marketsandmarkets.com — Advanced analytics market size estimates: $97.17 billion in 2026, growing to $193.23 billion by 2031 at 14.7% CAGR