GoodData Raises $24 Million in Equity and Venture Debt Financing

Posted on: 11/19/2018
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San Francisco, November 19, 2018 - GoodData®, the leader in actionable insights, today announced that it has raised $24 million in equity and venture debt financing. Zendesk Inc. led the equity investment with the participation of existing investors and CIBC Innovation Banking providing the venture debt capital. With the new funding, GoodData will continue to innovate its analytics platform and invest in the global talent and field presence.

“Zendesk recognizes that the analytics market is at an inflection point and we stand behind GoodData’s ability to drive innovation,” said John Geschke, Chief Legal Officer at Zendesk. “GoodData has been a great long-term partner for Zendesk, providing  enterprise-wide insights and the opportunity to build unique analytics solutions for our customers.”

McKinsey Global Institute estimates in a recent report that advanced analytics can enable $9.5 trillion to $15.4 trillion of value and yet most companies struggle to capture this value by embedding advanced analytics into the fabric of the organization.

GoodData enables companies to embed real-time analytics within their products, applications, and devices to deliver insights for their front-line workers, customers, partners, and regulators. GoodData’s platform is backed by global customer support and a network of data centers across the US, Canada, and the European Union along with a unified framework of security and privacy compliance. The GoodData platform provides insights to over 100 thousand companies and 1.4 million users globally and it takes the guesswork out of identifying actionable insights by delivering real-time visualization, recommendations, and predictive analytics at the point of work.

"This transaction is another excellent example of how a flexible capital strategy can support
an already successful and rapidly growing company” said Paul McKinlay, Executive Director at CIBC Innovation Banking.  

“GoodData’s vision is to empower the global analytical organization. One that recognizes the value of integrating analytics into every layer of their business so that all employees can use personalized, contextual, and actionable data to drive everyday business decisions,”  said Roman Stanek, founder, and CEO of GoodData. “Analytical organizations will see the biggest gains and reap the rewards in their digital transformation journey.”

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GoodData Contact
Amy Duryea
amy.duryea@gooddata.com

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About GoodData
GoodData is the only platform that provides the creation, delivery, and automated management of analytics at massive scale. We enable companies to embed analytics within their products to deliver insights for their customers, partners, and other users to make business-critical decisions.

More than 50 percent of the Fortune 500 are using GoodData to achieve actionable insights. GoodData is headquartered in San Francisco and is backed by Andreessen Horowitz, General Catalyst Partners, Intel Capital, TOTVS, and others. For more information visit our website and follow GoodData on Twitter and LinkedIn.

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©2018, GoodData Corporation. All rights reserved. GoodData is a registered trademark of GoodData Corporation in the United States and other jurisdictions. Other names used herein may be trademarks of their respective owners.

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