This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here

NEWS30 July 2012

Big data firm GoodData gets big investment

Financials North America

US— Big data analysis firm Good Data has raised $25m in a series C financing round led by Tenaya Capital and Next World Capital.

The company, whose total investment to date is $53.5m, said the new funding would be put towards technology innovation and sales and marketing efforts.

Founder and CEO Roman Stanek (pictured) said: “It’s time to pull the plug on the old business intelligence model. We are pioneering a new approach to business intelligence that will monetise and bring big data to life.”

Previous investors, including Andreessen Horowitz and General Catalyst Partners, also contributed to the series C funding round.

GoodData technology, including data dashboards, are used by AOL, Groupon, Nielsen and Time Warner Cable to keep tabs on and analyse a range of different business intelligence inputs including sales data, marketing leads and customer satisfaction scores.