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GoodData gets $25.7M to grow, grow, grow in business intelligence - MVNO MVNE MNO Mobile & Telecoms industry intelligence
Tuesday , 16 July 2019
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GoodData gets $25.7M to grow, grow, grow in business intelligence

GoodData gets $25.7M to grow, grow, grow in business intelligence

GoodData gets $25.7M to grow, grow, grow in business intelligence

GoodData gets $25.7M to grow, grow, grow in business intelligence

Above: Employees in GoodData’s Portland, Ore., office.

Image Credit: GoodData

GoodData, a startup that sells cloud-based business-intelligence software, said today that it’s added $25.7 million to its pile of money, placing it in a better position to compete with the largest enterprise software companies, not to mention a bunch of startups.

“This place is getting serious, so we need to have some real cash to actually be a player,” Roman Stanek, the startup’s founder and chief executive, said in an interview with VentureBeat.

Indeed, last month Salesforce.com chief executive Marc Benioff dropped a hint of a cloud-based business-intelligence service. Oracle, SAP, and Tableau already sell comparable tools, not to mention startups like Birst, Domo, and SiSense.

“One of the reasons Salesforce and Oracle and so on are going to the cloud is because everybody knows that that’s where the next battleground will be,” said Stanek, Increasingly, he said, large companies and not just brave startups are beginning to trust external clouds to analyze their treasured data.

GoodData’s application can bring together data from several sources, including companies’ on-premises databases and cloud services like Salesforce.com, and then analyze and visualize it. The startup can also perform predictive analytics, analyze the emotion laden in text, and provide a dedicated columnar database.

The startup claims to have more than 40,000 customers, including Bonobos, Hootsuite, HP, Virgin America, and Zendesk.

More than 300 people work for GoodData, and that number could approach 400 within a year, Stanek said. The company started in 2007 and is based in San Francisco.

Intel Capital led the new round. Andreessen Horowitz, General Catalyst Partners, Next World Capital, Pharus Capital, Tenaya Capital, TOTVS, and Windcrest also participated.

Intel’s participation in the funding does mean something. The chip maker is helping the startup meet customers’ privacy needs and comply with regulations. The companies are also collaborating to develop more efficient data-storage techniques, Stanek said.

To date GoodData has raised $101.2 million, including the $22 million round from last year.

At GoodData we believe data is for everyone. From the executives in the corner offices, to the marketing and sales teams that drive growth, to the service teams on the front lines with the customers. And we believe that when people are… read more »

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