Andreessen Horowitz Leads $15M Round In Cloud Business Intelligence Platform GoodData
TechCrunch, Leena Rao, Aug 18, 2011
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.