SOURCE: GoodData

GoodData

October 02, 2014 07:30 ET

GoodData Announces $25M Series E Funding Round Led by Intel Capital

Latest Investment Round Brings Funding to Over $100M for the Cloud Analytics Leader

SAN FRANCISCO, CA--(Marketwired - Oct 2, 2014) - GoodData, the leader in end-to-end cloud analytics, today announced that it 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.

"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.

GoodData is the only end-to-end, cloud analytics platform that lets organizations turn 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. Designed for business analysts, business managers and IT professionals, GoodData delivers 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.

"We are excited that Intel shares our vision of a cloud-based delivery model for data analytics," said Roman Stanek, CEO of GoodData. "The business intelligence market has reached a new point of maturity, as organizations increasingly analyze data at scale in the cloud. We have always recognized a need in the market for a complete, cloud-based big data platform. We're glad to see validation of our approach from customers and investors with our largest funding round to date."

As GoodData grows rapidly, it expands its commitment to customer success and adoption. 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.

About Intel Capital
Intel Capital, Intel's global investment organization, makes equity investments in innovative technology start-ups and companies worldwide. Intel Capital invests in a broad range of companies offering hardware, software, and services targeting enterprise, mobility, consumer Internet, digital media and semiconductor manufacturing. Since 1991, Intel Capital has invested more than US$11 billion in over 1,370 companies in 56 countries. In that timeframe, 207 portfolio companies have gone public on various exchanges around the world and 354 were acquired or participated in a merger. In 2013, Intel Capital invested US$333 million in 146 investments with approximately 49 percent of funds invested outside North America. For more information on Intel Capital and its differentiated advantages, visit www.intelcapital.com or follow @Intelcapital.

About GoodData
GoodData, the leader in end-to-end cloud analytics, enables more than 100,000 users to store, combine, analyze and visualize data to quickly answer business-critical questions. GoodData's mission is to help companies become all data enterprises: companies that gain a competitive advantage by leveraging all of the data available to them through advanced analytics. The GoodData Open Analytics Platform helps companies manage and analyze that data in one seamless, interactive environment. GoodData is headquartered in San Francisco and is backed by Andreessen Horowitz, Fidelity Growth Partners, General Catalyst Partners, Next World Capital, Tenaya Capital, TOTVS SA, and Windcrest Partners. For more information, read our blog, visit our website and follow @gooddata on Twitter.

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