The Schwartz
Cloud Report

Blog archive

Cloud BI Startup GoodData Bags $15 Million

Cloud-based business intelligence (BI) startup GoodData has landed $15 million in venture funding, bringing the total it has raised up to $28.5 million.

The funding was led by Andreessen Horowitz, with existing investors General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners also contributing to the latest round.

San Francisco-based GoodData offers BI in a Software as a Service model, providing dashboards, analytics and data warehousing capabilities to businesses as an alternative to traditional on-premises BI platforms.  

Since its launch in 2009, GoodData has landed 2,500 customers, including Capgemini, Groupon, Nike and Time Warner Cable. GoodData said that its platform use has grown 500 percent this year. In July the company managed 6,500 unique data marts and produced 2 million reports.

SaaS cloud providers such as Zendesk, Twilio, Pardot and Get Satisfaction offer their own analytics apps that run on the GoodData BI service. GoodData can run analytics against Facebook, Microsoft Dynamics CRM, Salesforce.com and SugarCRM data, among others. The company said it intends to use the additional funding to build new analytics apps and expand its partner network.

GoodData also said it has added two new members to its board of directors: John O'Farrell, general partner at Andreessen Horowitz, and Dave Girouard, president of Google Enterprise.

Posted by Jeffrey Schwartz on August 18, 2011 at 11:58 AM


Featured

  • The 2021 Microsoft Product Roadmap

    From Windows 10X to the next generation of Microsoft's application server products, here are the product milestones coming down the pipeline in 2021.

  • The Future of Windows Server Includes Less Frequent Updates

    Microsoft is ending its practice of issuing semiannual channel updates for most Window Server editions, turning instead to long-term servicing channel updates.

  • Notebook

    Microsoft Bolsters Dynamics 365 with Suplari Acquisition

    An acquisition announced by Microsoft on Wednesday promises to bring AI solutions for assessing supply-chain spending to the Dynamics 365 product.

  • Microsoft Announces Positive Q4 Revenue Results of $46.2B

    Microsoft on Tuesday reported $46.2 billion in total revenue during its fiscal-year 2021 Q4 period, up 21% from the same quarter last year.