GoodData, a provider of end-to-end cloud analytics, has completed a $25.7 million equity financing. Intel Capital led the Series E round with participation from Andreessen Horowitz, General Catalyst, Tenaya Capital, TOTVS, Next World Capital, Windcrest, and Pharus Capital.
Designed for IT professionals, business analysts and business managers, GoodData is an end-to-end cloud analytics platform that lets organizations turn big data into actionable insights. From data capture to visualization, GoodData’s platform equips customers with the key data they need to tell compelling, factual stories to build competitive advantage.
GoodData would deliver rapid time to value based on self-service visualization, on-demand advanced tools for building custom metrics, proven scale and security, and no hardware or software to integrate or manage.
Big Data Analytics Platform
“We are just starting to tap the potential of analytics for big data,” said Jason P. Waxman, Vice President of Intel’s Data Center Group and General Manager of its Cloud Platforms Group. “We are investing not only in GoodData’s differentiated, cloud-based analytics solution, but also in the future impact that big data insights can provide across industries.”
As part of the investment, Intel Capital Director Igor Taber will join GoodData’s board.
“We have always recognized a need in the market for a complete, cloud-based big data platform,” said Roman Stanek, CEO of GoodData. “We’re glad to see validation of our approach from customers and investors with our largest funding round to date.”
In 2014, GoodData invested heavily in product usability and time to value with the launch of its Open Analytics Platform and advanced visualization, automation and statistical capabilities. Over the last year, GoodData’s user base has more than doubled.