Arik Hesseldahl

Recent Posts by Arik Hesseldahl

GoodData Lands $15 Million in Funding From Andreessen Horowitz

There’s lots of buzz these days around business intelligence and dashboards. With so many business applications offering access to APIs, it’s becoming ever easier to grab the data from applications dedicated to finance, planning and human resources, and try to extract from them a meaningful, unified view of the state of a business.

GoodData, a cloud-based player in the business intelligence space, says it has closed a $15 million funding round led by Andreessen Horowitz. John O’Farrell, an Andreessen Horowitz general partner, will join GoodData’s board. Also joining the board: Dave Girouard, president of Google’s Enterprise division; Google is not investing.

GoodData says it will use the funds to accelerate its business, and it seems to be doing a fine job of that already. It has 2,500 customers, among them Time Warner Cable, Capgemini and Pandora Media. And many Cloud service providers — including Zendesk, Twilio, Pardot and Get Satisfaction — offer analytics apps that are built on GoodData’s platform.

Business intelligence is a busy space. Take, for instance, the case of Domo, the company formerly known as Corda Technologies, which was bought out by former Omniture CEO Josh James, who promptly raised a combined $33 million in venture funding.

This would be AH’s second investment in GoodData, the first being a $2.5 million seed stage round announced in 2009. The company announced a $6.5 million A round led by Fidelity Growth Partners last year. By my count, GoodData has raised $26.1 million in funding. The other participating investors are General Catalyst Partners and Windcrest Partners.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work