Thursday, October 15, 2009

Good Data Raises $2.5 Million For Cloud-Based Analytics

Custom HTML Code at Top [Sample No.3] Czech startup Good Data has raised $2.5 million in Series C funding from Andreessen Horowitz, General Catalyst Partners and other undisclosed investors. This brings the startup's total financing to $7 million. in addition, Tim O'Reilly, who is an investor in Good Data, has joined the startup's board. Good Data, which raised $2.5 million earlier this year from Marc Andreessen and others, was founded by serial entrepreneur Roman Stanek. Good Data offers a cloud-based data analytics solution that is more cost-effective than similar products offered by IBM, SAP and Oracle. The startup launched a beta program earlier this year which drew over 2,000 customers.

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