GoodData Raises $25m

San Francisco-based business intelligence analytics provider GoodData has raised $25m in Series C investment, which it will use for technological innovation as well as sales and marketing.

The firm offers a cloud-based data analytics platform which provides clients with operational dashboards, advanced reporting and data warehousing, also accessible through mobile apps.

Since its launch in 2007, GoodData has raised $53.5m, and its latest funding has been led by Tenaya Capital, with participation from new investor Next World Capital, and existing investors Andreessen Horowitz, General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners. As part of the deal, Brian Paul, MD at Tenaya Capital, will join GoodData's Board of Directors.

Roman Stanek (pictured), founder and CEO of GoodData, comments: 'It's time to pull the plug on the old business intelligence model - it's clear that it is obsolete. We are pioneering a new approach to business intelligence that will monetize and bring big data to life.'

Web site: www.gooddata.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.