Andreessen Horowitz leads $ 15 M round in GoodData cloud Business Intelligence platform

Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More

GoodData startup company that provides a platform for cloud-based business intelligence (BI) raised $ 15 million in financing led by Andreessen Horowitz with existing investors General Catalyst partners, fidelity growth partners and Windcrest, also contributes to the round. This investment brings total financing GoodData to $ 28.5 million. The company also added two new members of the Board of Directors: John O'Farrell, general partner at Andreessen Horowitz and Dave Girouard, President of Google Enterprise. In addition it marks Andreessen Horowitz fourth GoodData investments (including two seed investment and 2010).

Founded by serial entrepreneur Roman Stanek, GoodData offers cloud-based data analytics solution that is more economically efficient than similar products from IBM, SAP and Oracle. The company mainly GoodData can connect product in their own cloud-based SaaS (i.e. Salesforce, Zendesk) and then access to operational dashboards, advanced reporting and data storage.

In addition to the just structuring data, GoodData also gives the company best practices and actionable insights based on data, add a layer of intelligence. The company has a number of Analytics apps for SaaS products, including the Zendesk, Twilio, Pardot and get satisfaction, which offers these companies additional reporting. The company currently offers 20 application and will expand more SaaS platform with new funding. The company plans to add another 30 applications by the end of the year.

Stanek tells us that GoodData is disrupting BI $ 25 billion and storage space, because the earlier data intelligence used to be a complex process. But as more companies rely on cloud applications to business functions such as sales, customer service and much more, access and understanding of this huge amount of data on the basis of the cloud became simplified process that took minutes, he explains.

And GoodData sacrificed seeing traction in the enterprise space. Over 2500 companies, including Software AG, Time Warner Cable, Capgemini and Pandora media, relied on data intelligence, GoodData products. The company saw a 500% increase in the overall use of the platform in the 2011 alone and currently manages more than 6500 customers data Mark. And more than 2 million records were executed on a platform of BI cloud GoodData in July this year.

Add the main Enterprise Google, Girouard, the Council is quite a significant vote of confidence to launch. Girouard, who will advise the company to develop products, services and sales cloud, said: "GoodData GoodData is an amazing opportunity to build a huge business. Cloud computing and Analytics is a killer and GoodData provides unique and promising approach to lead in this market. "

O'Farrell Andreessen Horowitz also bullish on GoodData, tells us that he sees run to become the company billions of dollars. He explains that because the mass market continued to move to the cloud, there's still so much more potential for cloud-based business as GoodData that extract valuable information from the data cloud. "This is what business will spend a lot of money on," said O'Farrell.

O'Farrell also made an interesting point about the business intelligence space as a whole. He said there was a low barrier of entry in the space, but GoodData goes beyond just providing charts and data visualization tools offers a powerful platform, actually gives companies actionable insight from all of their business data. This, he said, creates a high barrier to entry, and be able help GoodData.

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Andreessen Horowitz, Greylock, put $ 16. 5 m in Enterprise cloud management application run Okta

Leena Rao is currently working as a writer for TechCrunch. She recently finished graduate school of the Medill School of journalism at Northwestern University, where she studied business journalism and videography. From 2004 to 2007 she helped lead efforts for advocacy and community relationships Congressman Carloyn Maloney in New York. She graduated from Columbia University in 2003 where it was ... ? Read More

Enterprise cloud app management company Okta was raised to $ 16.5 million in series b funding from Greylock Partners, Andreessen Horowitz, and gateway. This brings the company's total funding to $ 28 million.

Okta is a cloud management applications. Okta in platform enables companies to have control over their users, applications, and data in the cloud, and outside of the firewall. Startup was founded by Todd McKinnon, former Vice President of the engineers of the most successful cloud-based companies to date, Salesforce.

As Mckinnon said us Okta provides a platform for companies to manage corporate it. He explains that traditional security platform and management are not going to work with the Cloud. When you move to the cloud, IT administrators face the challenge of ensuring and monitoring users and access, simplify adoption and scalability of these applications, and at the same time to ensure that business is optimizing applications in the cloud.

Companies that use cloud-based applications like Salesforce and Google Apps must identity and directory services in the cloud as a place where they can store user profiles and more. Okta gives it managers the ability to maintain one central directory and repeat this for all cloud applications.

The company is releasing a product to the public in January. McKinnon said he initially thought customers would be small and medium-sized businesses, but recently saw acquisitions in large companies using Okta. Companies using Okta include Enterasys Networks, Pandora, T.D.Williamson, AMAG pharmaceuticals, etc. The company says that dramatically ramped up use Okta in on-demand service for authentication over 1 million per month.

And Mckinnon provides more Empire cloud services that "the ability of enterprises to overcome barriers to the adoption of the cloud".

Ben Horowitz, who headed the company's series a round, said about Okta: Okta in original product aims to solve the problem of identity in the cloud. I love this problem, because it is very different in the cloud is local and for new companies, as well. He belivees that the market potential is huge, "because the identity of the cloud market will likely become a cloud management market. Given that these current market combined is between $ 10B and $ 20B (depending on what you count) market is extremely large. "

The new funds will be used for sales and marketing efforts, as well as for ramping up distribution. Within this transaction David Weiden better enterprises will become a consultant to the Board, and Aneel Bhusri, co-founder and co-CEO, Okta will join the Board of Directors.

Okta is the market leading on-demand identity and access management service enables enterprises to accelerate their safe adoption of their Web applications in the cloud and beyond ...

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Capriza increased 10.5 million dollars from Andreessen Horowitz to bring corporate it on mobile phone

Eric Schonfeld is currently working on TechCrunch as co-author. He joined in 2007 and based in New York. Schonfeld oversees the editorial content of the site, selects and edits guest posts, conference program helps Disrupt and CrunchUps, produces some TCTV shows and daily wrote in a blog post. He is also the father of three. ? Read More

A group of former leaders, interactive of mercury behind new Israeli-based startup called Capriza, which is still in stealth mode. But the company is in the process of raising $ 10.5 million from Andreessen Horowitz and another investor to bring corporate it on Smartphones and tablets (from $ 2.5 million, which is still pending).

Founder team consists of CEO Yuval Scarlat (former Senior VP of products at Mercury Interactive), Chairman of Amnon Landan (former Chairman and CEO of Mercury Interactive), Oren Ariel (a former Technical Director of Mercury Interactive) and Armon Ronnen (former Vice President of R&D). Mercury Interactive was a provider of enterprise it optimization software which was acquired by Hewlett-Packard for $ 4.5 billion in 2006. He was later caught up in the SEC suppress back options (Landan was specifically called out in this case). The trial was settled, and mercury is still part of HP'S enterprise software group.

The marker was the first to report news (Hebrew version of Google Translate). I confirmed with Andreessen Horowitz.

There is little connection to HP. Marc Andreessen and Ben Horowitz also sold his company, HP, Opsware in 2007 for $ 1.6 billion. Currently, Andreessen sits on the Board of HP. They certainly unaware of Mercury to the business of HP, but also have an appreciation for enterprise startups, given their experience of Opsware.

Capriza is a provider of mobile solutions for corporations and businesses.

More financial organizations:
ANDREESSEN HOROWITZ

Andreessen Horowitz is $ 950 million venture company, which was launched on 6 July, 2009. Marc Andreessen and Ben Horowitz are general partners of the firm.

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Mercury Interactive was acquired by Hewlett-Packard. The company provides business technology optimization (BTO) software and services in the United States and internationally. It offers a range of laptops ...

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