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Exclusive: Omni raises $120 million to fix one of AI’s biggest enterprise data problems

Ex-Looker engineers' semantic layer platform Omni reaches $1.51B unicorn status with $120M Series C, signaling investor confidence that data abstraction layers will be critical enterprise infrastructure for scaling AI adoption.

Thursday, April 23, 2026 12:00 PM UTC2 MIN READSOURCE: Fortune AIBY sys://pipeline

Omni, a semantic layer platform for enterprise data governance, raised $120M in Series C funding at a $1.51B valuation from Iconiq. Founded by ex-Looker engineers, the company serves customers like BambooHR and Guitar Center. The funding reflects investor confidence in the semantic layer space despite competition from OpenAI's Frontier and established players like Snowflake and Databricks.

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