GoodData Closes Third Funding Round of $25 Mln Led by Tenaya Capital

GoodData has managed to successfully close its third funding round with USD 25 mln; the round was led by Tenaya Capital, with new investor Next World Capital joining the existing group of investors made up by General Catalyst Partners, Fidelity Growth Partners, Andreessen Horowitz and Windcrest Partners. The funding will go towards sales and marketing initiatives.

GoodData (www.gooddata.com)

GoodData was founded in 2007 in the Czech Republic, and now operates out of San Francisco. Employing 180 people, the company specializes in tools for the big data domain, offering data storage, data analysis, reporting tools and operational dashboards that are web-based. The browser-embedded application saves customers money that would otherwise have to be spent on infrastructure needs. It also cuts cost further by using a pay-as-you-go model that is attractive not only to larger corporations, but addresses the needs of underserved companies in the SME segment. GoodData has been showing a tremendous 500-percent YoY growth and currently serves over 6,000 customers. The key distinctive feature that lets GoodData stand out from the crowd of data-based service providers is the user experience that focuses on non-IT executive staff of companies in its consumer base rather than selling infrastructure replacement tools to its IT professionals.