GoodData Secures $25.7m Investment

San Francisco-based big data analytics specialist GoodData has completed a $25.7m Series E round of funding, led by Intel Capital.

Launched in 2007, GoodData offers a cloud-based platform allowing users to store, combine, analyse and visualize data. Last year, the firm raised $22m in Series D funding, which it is using to support its expansion into the Latin American enterprise software market.

The latest investment has been led by Intel Capital, with participation from Andreessen Horowitz, General Catalyst, Tenaya Capital, TOTVS, Next World Capital, Windcrest and Pharus Capital, and brings the total raised to date to more than $100m. As part of the investment, Intel Capital Director Igor Taber will join GoodData's Board.

CEO Roman Stanek (pictured) comments: 'We are excited that Intel shares our vision of a cloud-based delivery model for data analytics. 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.'

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.