/// Big Data Startup GoodData Lands $25 Million Series C Led By Tenaya Capital
There are an awful lot of startups who claim to want to help companies find useful meaning in the deluge of data they are producing, and an awful lot of money going to those startups. One that has gotten a a fair amount of a attention, in no small part because of who has invested in it is GoodData, founded by CEO Roman Stanek (pictured). A little less than a year ago, it took a $15 million in a Series B round led by Andreessen Horowitz. That rond was notable also because AH had been an early seed-stage investor in the company. Today GoodData announced that it has kicked its funding up a notch, landing a $25 million Series C led by Tenaya Capital with participation from a new investor, Next World Capital. Prior investors including AH, General Catalyst Partners, Fidelity Growth Partners and Windcrest Partners all participated in the round, which brings GoodData’s total capital raised to $53.5 million so far. Brian Paul, a managing director at Tenaya will join GoodData’s board. GoodData’s approach to the big data problem is to do — what else — harness the cloud. But it does it in a slightly different manner. Rather than compete directly with the usual providers of business intelligence software like SAP, Oracle and IBM, it offers its service indirectly via cloud service providers like Amazon Web Services, Dell’s Boomi cloud integration service, and Okta , the startup focused on providing unified access to SaaS services. It’s working. The company’s customer base has surged to 6,000, and bookings, a key a indicator of future revenue that has turned into an important metric for companies in the cloud software space like Salesforce.com, grew by 600 percent in 2011.
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