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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Rentcycle raises $ 1.4 million from the joint fund, Andreessen Horowitz, SV Angel and other

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Rentcycle, San Francisco, which became known as "Otkryt'Tablicu rental product, announced today that it raised $ 1.4 million in initial funding. Round headed the joint fund, young seed fund founded by Craig Shapiro, invests in startups on peer-to-peer, sharing resources and creative innovation in business.

A number of other notable VCs and Angels participated in the round, including Andreessen Horowitz, SV Angel, founder collective and Amicus capital and Angel investors, including Max Levchin, co-founder of PayPal and Chairman Yelp and founder of Shopzilla Farhad Mohit.

Within the framework of this infusion of capital, Rentcycle also adds two well-known advisers to its roster: Netflix Founder Marc Randolph and Chuck Templeton, founder of the popular restaurant reservation service, Otkryt'Tablicu. (Templeton Rentcycle will also join the Board of Directors.) According to Rentcycle co-founder and CEO Tim Heyer launch will use round to increase employment, especially in the area of rockstar engineers.

So what is it about this young startup with an impressive list of investors and advisers, jazzed to be part of its collective registry? To start the industry Rolled product is the $ 85 billion, the CEO said to me, and this happens as one which is in dire need of a common resource for all things car rental.

It is for this reason that provides composite industry (on the tools and equipment, parties and events for the sports and recreation), with full catalog of many family Rental shops, currently operates in the United States

Thus, when considering Rentcycle from the perspective of a consumer, the platform is a service that allows you to easily find, compare and rent anything and everything online — from skiing jackhammers and bouncy House designer dresses. It's all under one roof. And for the seller, Rentcycle offers cloud-based management solutions that enable businesses to Hire not only bring their brick and mortar operations via the Internet, but also allows you to keep track of their inventory online and manage reservations and payments via the Internet.

Rentcycle graduated from Silicon Valley incubator founder Institute in 2009 and has since gone through several beta launches, with the last iteration will go live in March of this year. Since March launch already has grown to 30 K monthly active users and has been focusing exclusively on building Rental supply and demand for travel, Heyer said.

In the end, from the perspective of the consumer at first glance Rentcycle value proposition is obvious: for those who may still be feeling the effects of the recession, or for those who can not go skiing is enough to make it worth buying a new pair of skis, for example, the lease is the best way to go. Of course, traditionally Rental businesses to sites like Netflix and Airbnb blew up on the main stage were few and far between.

But consumers have become much more comfortable with pay for access to products and services as an alternative to outright purchase, and very well may find themselves at Rentcycle top this new wave as it strives to be an all-in-one car rental resource for all stripes digital commerce. Definitely one to watch.

Chime in and let us know what you think. The screenshot and video below:

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