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August 18, 2011 07:00 pm GMT
Startup GoodData, which provides companies with a cloud-based business intelligence (BI) platform, has raised $15 million in funding led by Andreessen Horowitz with existing investors General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners also contributing to the round. This investment brings GoodData's total funding to $28.5 million. The company has also added two new members to the Board of Directors: John O'Farrell, General Partner at Andreessen Horowitz, and Dave Girouard, President of Google Enterprise. Additionally, this marks Andreessen Horowitz's fourth investment in GoodData (including two seed investments, and 2010 round).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.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mCwRLRscNuA/
Andreessen Horowitz Leads $15M Round In Cloud Business Intelligence Platform GoodData
Startup GoodData, which provides companies with a cloud-based business intelligence (BI) platform, has raised $15 million in funding led by Andreessen Horowitz with existing investors General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners also contributing to the round. This investment brings GoodData's total funding to $28.5 million. The company has also added two new members to the Board of Directors: John O'Farrell, General Partner at Andreessen Horowitz, and Dave Girouard, President of Google Enterprise. Additionally, this marks Andreessen Horowitz's fourth investment in GoodData (including two seed investments, and 2010 round).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.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/mCwRLRscNuA/
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