NEWS23 October 2013

CoolaData closes $7.5m series A funding round

Financials Middle East and Africa

ISRAEL — Big data analytics provider CoolaData today announced the closing of $7.5m in series A funding.

The service, which “improves overall customer lifecycle management by providing fully actionable, unified behavioural analytics solutions for online companies” is in beta with several eCommerce, gaming and mobile customers. It will be generally available in the first quarter of 2014.

The funding came from Greylock IL and Carmel Ventures; Yoram Snir, partner at Greylock and Avi Zeevi, general partner and co-founder of Carmel have joined the company’s board of directors.

CoolaData CEO Tomer Ben Moshe, said: “CoolaData offers the ability to answer complex business questions which cannot be addressed by traditional BI tools. Our unique, open interface allows customers to easily turn insights into actions by enabling them to embed CoolaData analytics into their own systems.”