GoodData: Democratizing Data Access for Better Business Decision Making

GoodData is a Silicon Valley-based provider of big data analytics and business intelligence (BI) software for cloud computing.

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The firm serves eight of the ten largest brands, more than 1 million users and over half of the Fortune 500, and is backed by investors including Andreessen Horowitz, General Catalyst Partners, Intel Capital and TOTVS. GoodData has raked in $101.2 million in nine rounds of funding since it was founded in May 2007 by Czech entrepreneur Roman Stanek.

Before launching the SaaS company, Stanek served as CEO of NetBeans, which was acquired by Sun Microsystems in 1999, and as CEO of Systinet Corporation, acquired by IT giant Hewlett Packard Enterprise Co. in 2006.

The Cambridge, MA-based platform-as-a-service provider serves enterprises across software, insurance, financial services and retail, which use its platform to deliver revenue-generating data products to their clients. GoodData’s goal is to transform and enhance decision-making for the everyday worker within daily business processes by not limiting data to a few people in the C-suite, but to anyone in the company.

In 2017, GoodData was focused on enhancing its platform to incorporate cutting edge technology in governance, security and machine learning.

“Thanks to advances in artificial intelligence and machine learning, we’re able to introduce business users to a whole new analytics experience that’s built around their needs and outcomes, not around the data,” said Sid Shetty, VP of Marketplace Strategy and Experience.

Moving forward, the company is doubling down on substantial growth to meet financial and operational targets, perhaps through M&A activity. GoodData will look to new markets, particularly China, in order to move into a faster growth phase.

On Tuesday, GoodData announced the appointment of Carol Lee as its new Chief Financial Officer. Previously, she held a role as Vice President of Finance for Konica Minolta Business Solutions, where she oversaw the valuation and financial due diligence of acquiring 22 recurring revenue tech companies in six years.