Omni, a business intelligence and embedded analytics platform with a built-in semantic layer, announced the acquisition of Explo, a leading embedded analytics provider. The acquisition aligns with a period of accelerated expansion, with projected annual recurring revenue (ARR) expected to reach $30 million by the end of 2025, reflecting 4x year-over-year growth following 10x growth in 2024. ARR is anticipated to double again in 2026, fueled by rising demand for a unified analytics solution enabling trustworthy AI across both internal and customer-facing applications.
Omni enables organizations to enhance self-service capabilities, accelerate AI integration, and develop customer-facing data products within a single environment. The platform supports diverse user preferences — including AI, spreadsheets, SQL, and visual exploration — simplifying data analysis and action. Central to Omni’s platform is the semantic layer, designed to ensure data consistency, reliability, and readiness for AI. This layer integrates seamlessly with other semantic systems, allowing connection to widely used storage, processing, and modeling tools.
“The Explo team built a product customers love in a crowded market — that’s not easy, and it says a lot about their quality and focus,” said Colin Zima, CEO and co-founder of Omni. “We see an opportunity to learn from their team and customers, and to bring them onto a platform that can grow with them. It’s a step toward helping more teams manage all of their analytics use cases — no matter what tools they’re using today.”
Under the acquisition terms, Explo becomes a wholly owned subsidiary of Omni. The Explo platform will continue operations for the next 12 months while Explo founders Andrew Chen and Gary Lin, along with their team, assist customers with migrations and maintain platform continuity. All existing customers will retain full access and support throughout the transition.
“Omni is the right long-term home for Explo. We're excited to join them and provide our customers more power and flexibility, with the same focus on speed and support,” said Gary Lin, CEO and co-founder of Explo.
The acquisition enhances Omni’s global expansion and product innovation momentum. Over the past year, Omni has:
- Completed a Series B round led by ICONIQ
- Achieved 10x growth in 2024, with 4x growth projected for 2025 to reach $30M ARR
- Expanded operations internationally, including into the APAC region
- Added hundreds of customers, such as Cribl, dbt Labs, Guitar Center, and Hightouch
- Released weekly product updates, including an MCP Server, Agentic Analytics, and enhanced Spreadsheet functionality
“Omni's ability to pair strong growth with real product velocity and operational discipline is rare,” said Matt Jacobson, Partner at ICONIQ. “AI success in analytics is not about crafting better prompts – it is about building deep context into the data itself. Omni is purpose-built to deliver exactly that.”