GoodData Gets $25 Million For Business Intelligence Platform

Sites include gooddata.com . Published on August 14th, 2012. Written by Anthony West.

Cloud computing is now evolving into a multi-layered beast with all sorts of appendages and GoodData is an example of what the Cloud is morphing into.

More than just a place to store files, GoodData offers businesses cloud-based intelligence. Its technology offers everything from analytics to data-crunching. But perhaps the biggest news coming out of GoodData is the $25 million in funding that has just been thrown at it by existing investors, Andreessen Horowitz and a few other partners.

The latest round of funding brings the total invested into the company so far to $53.5 million. That’s some serious capital and it looks like it has helped GoodData to pack a serious punch in the SaaS space. Founder and CEO Roman Stanek, believes that the traditional model of IT services is fast disappearing: “The old world of IT is going away. IT is fast becoming a service.”

GoodData with its current level of funding looks poised to make the best of the $13 billion SaaS market and many other players are waking up to the reality of its potential.

Who would have thought that Cloud computing would have grown so quickly and be so efficient. Now businesses and household consumers alike can tap into this burgeoning way of accessing and managing data.

Do you think the Cloud is a good thing? Share your thoughts below.