GoodData Raises $25 Million To Extend Cloud Based Business Intelligence Platform
GoodData has raised $25 million to continue developing its cloud-based business intelligence technology. The funding brings GoodData’s total funding to $55 million. Founder and CEO Roman Stanek said the investment came from existing investors Andreessen Horowitz, General Catalyst Partners and Fidelity Growth Partners. Windcrest Partners is also contributing to the round. GoodData offers a cloud-based data analytics service that competes with solutions from companies such as IBM, SAP and Oracle. Its business model is pretty clever. Its markets to the vast ecosystem of SaaS providers that integrate the technology into their own platforms. Those providers can then offer their own customers access to dashboards, advanced reporting and other features. The difference is in the apps that the SaaS providers offer from GoodData. Stanek cites as an example how budgets are shifting to digital marketing. Marketers, though, still do not have enough analytics. GoodData provides insights into that ...