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Big Data Analytics Provider Reaps Benefits of Healthy Market

Posted on 10.02.2014

As e-commerce grows and expands so too does the amount of data that merchants are left with.

This massive increase in the amount of data that merchants are receiving has paved the way for analytics providers to break out and expand their brands as well.

GoodData, a big data provider, has recently announced the reception of $25.7 million in a round of Series E funding led by Intel Capital.

GoodData’s cloud-based analytics platform provides merchants with a comprehensive platform that can not only analyze data that is entered into the system and churn out helpful insights but it can also pull data into itself from any source (according to its website). Developed for business analysts, managers and IT professionals, GoodData allows for limitless cloud storage as well as delivers an interactive dashboard to merchants so they can easily discover key insights.

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“We are excited that Intel shares our vision of a cloud-based delivery model for data analytics,” said Roman Stanek, CEO of GoodData.

“The business intelligence market has reached a new point of maturity, as organizations increasingly analyze data at scale in the cloud. 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.”

Other contributors to GoodData’s latest funding round included General Catalyst, Tenaya Capitol and Next World Capital.

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