VC invest In Cloud BI Platform GoodData

offers a cloud-based data analytics solution that is more cost-effective than similar products offered by IBM, SAP and Oracle. Companies can plug GoodData products into their own cloud-based SaaS products.

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Andreessen Horowitz Leads $15M Round In Cloud Business Intelligence Platform GoodData

TechCrunch, Leena Rao, Aug 18, 2011

Startup GoodData, which provides companies with a cloud-based business intelligence (BI) platform, has raised $15 million in funding led by Andreessen Horowitz with existing investors General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners also contributing to the round. This investment brings GoodData's total funding to $28.5 million. ...

Founded by serial entrepreneur Roman Stanek, GoodData offers a cloud-based data analytics solution that is more cost-effective than similar products offered by IBM, SAP and Oracle. Basically, companies can plug GoodData's products into their own cloud-based SaaS products (i.e. Salesforce, Zendesk) and then can access operational dashboards, advanced reporting and data warehousing.

Beyond just structuring data, GoodData also gives companies the best practices and actionable insights based on data, adding a layer of intelligence. The company has a number of analytics apps for SaaS products, including Zendesk, Twilio, Pardot, and Get Satisfaction, which offers these companies' customers additional insight into data. Currently the company offers 20 applications, and will be expanding to more SaaS platforms with the new funding. The company expects to add another 30 apps by the end of the year.

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