GoodData Raises $24 Million in Equity and Venture Debt Financing

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.”