Google to acquire analytics startup Looker for $2.6 billion
Google made a big splash this morning when it announced it’s going to acquire Looker, a hot analytics startup that’s raised more than $280 million. It’s paying $2.6 billion for the privilege and adding the company to Google Cloud.
Thomas Kurian, the man who was handed the reins to Google Cloud at the end of last year, sees the two companies bringing together a complete data analytics solution for customers. “The combination provides an end-to-end analytics platform to connect, collect, analyze and visualize data across Google Cloud, Azure, AWS, on-premises databases and ISV applications,” Kurian explained at a media event this morning.
Google Cloud has been mired in third place in the cloud infrastructure market, and grabbing Looker gives it an analytics company with a solid track record. The last time I spoke to Looker, it was announcing a hefty $103 million in funding on a $1.6 billion valuation. Today’s price is a nice even billion over that.
As I wrote at the time, Looker’s CEO Frank Bien wasn’t all that interested in bragging about valuations; he wanted to talk about what he considered more important numbers:
He reported that the company has 1,600 customers now and just