GoodData

GoodData is a software company headquartered in San Francisco, California, in the U.S., with additional offices in Europe and Asia. GoodData is the leading cloud-based data and analytics platform, bringing AI-fueled data-driven decision-making to organizations across the globe. With a platform that leverages the potential of automation and AI, GoodData empowers its customers to make data analytics available to every single end user via real-time, self-service data insights right at the point of work. Over 140,000 of the world’s top businesses and 3.2 million users rely on GoodData to drive meaningful change and achieve more through data.[1]

GoodData
Company typePrivate startup
IndustryComputer software
Founded2007
FounderRoman Stanek
Headquarters
San Francisco
,
U.S.
Number of employees
280 (March 2024)
Websitewww.gooddata.com

GoodData’s AI-accelerated analytics platform uses AI to build scalable data products. The solution focuses on simplicity, productivity, embedding, collaboration, scalability, and governance. GoodData enables users to create dashboards with interactive visualizations, code-based automation and developer tools, and advanced and flexible embedding options. GoodData is able to scale due to its multi-tenancy architecture and comprehensive testing, validation, and monitoring of data.[2]

History

GoodData was founded in 2007 by Czech entrepreneur Roman Stanek. Stanek had previously founded and served as CEO at NetBeans, which was acquired by Sun Microsystems in 1999, as well as Systinet Corporation,[3] which was acquired by Hewlett Packard in 2006.[4]

The company was founded in April 2007 as "Good Data Corporation" in Cambridge, Massachusetts.[5] It received investment in July 2008 from Tim O'Reilly, Esther Dyson, and private equity firm Windcrest Partners for a total sum of $2 million.[6]

In 2009, the company received funding from Andreessen Horowitz, O'Reilly AlphaTech Ventures, General Catalyst Partners, and Windcrest Partners across two rounds totaling $5 million. Funding continued with in 2010, 2011, 2012, and in late 2012, bringing its capital raised to $53.5 million.[7] The company announced $22 million in funding led by TOTVS Ventures in 2013.[8]

In 2014, GoodData said it provided software to 30,000 companies.[9]

In 2019, GoodData announced a partnership with Amazon and the integration with Amazon Redshift data warehouse solution.[10]

On May 20, 2020, GoodData and Visa Inc. announced an investment and strategic partnership.[11][12]

In June 2021, GoodData launched a new integration in partnership with Snowflake Inc..[13]

On July 15, 2021, GoodData announced a partnership with unified analytics platform provider Vertica.[14]

On July 27, 2021, GoodData said it received a $45 million credit facility from J.P. Morgan & Co. to "grow its global sales and engineering teams while continuing to invest in building solutions for modern, enterprise-grade analytics."[15]

In April 2023, GoodData was among 20 vendors recognized in Gartner's Magic Quadrant for analytics and BI tools.[16]

"We are pleased to be recognized by Gartner. Gartner, Inc. delivers actionable, objective insight to executives and their teams, and we believe being recognized in this Magic Quadrant is a sign of the incredible growth of our platform and the hard work of our teams," said Roman Stanek, Founder and CEO at GoodData.[17]

Software products

GoodData is a business intelligence and analytics company that is known primarily for its embedded analytics and internal analytics solutions. In 2021, it expanded its cache of capabilities to include GoodData.CN (GoodData Cloud Native) and composable data and analytics.[18][19]

GoodData launched a VS Code plugin, embracing the "Everything as Code" philosophy. It promises to bring the power of software engineering workflow to the realm of analytics, delivering versioning, collaboration, and automation benefits to analytics and DevOps engineers alike.[20] A YouTube series for GoodData for VS Code was launched to teach developers about the plugin and the capabilities made available by the plugin.[21]

"The launch of our VS Code plugin is yet another step in our mission to empower analytics engineers with Analytics as Code, equipping them with an efficient, user-friendly environment for analytics development," said Ryan Dolley, VP of Product Strategy at GoodData.[22]

On October 17, 2023, GoodData introduced FlexQuery Analytics Lake, an end-to-end data platform that manages metadata, materialized metrics, federated datasets, result caches, predictive models, analytics code, and leverages storage, compute, semantics, and reporting within an open, API-first analytics-as-code architecture with built-in AI acceleration. The platform provides a seamless collaboration point for every data persona, combining the power of code-based automation with no-code/low-code environments. The first phase of this vision, FlexCache, was introduced in order to reduce query times and save costs by minimizing unpredictable and expensive cloud data warehouse query processing.[23]

A few months later, on March 25, 2024, GoodData announced a major update to FlexQuery, building upon GoodData's commitment to providing open, powerful tools for data developers. FlexQuery is a composable data service layer built on Apache Arrow and Iceberg. With FlexQuery, GoodData says users can save costs through efficient caching, transform and federate data with agility, and build using the best open-source tools. FlexQuery now forms the computational heart of GoodData's Analytics Lake concept.[24]

References
  1. https://www.linkedin.com/company/gooddata
  2. https://www.gooddata.com/
  3. Mount, Ian (2013-06-19). "Self-Finance or Raise Money? A Quandary for Start-Ups". The New York Times. ISSN 0362-4331. Retrieved 2020-04-21.
  4. Bort, Julie. "The 50 Most Powerful People In Enterprise Tech". Business Insider. Retrieved 2020-04-21.
  5. "Form D: Notice of Sale of Securities" (PDF). US SEC. June 13, 2008. Retrieved March 17, 2017.
  6. Daniel Wolfman (December 6, 2012). "A Company That Starts in Crisis Gets a Head Start". Inc. Retrieved March 17, 2017.
  7. "Big-Data Start-Up GoodData Lands $25 Million Series C Led by Tenaya Capital". All Things D. 2012-07-25. Retrieved 2014-03-31.
  8. "GoodData Raises $22M From Latin America's Largest Enterprise Software Company". TechCrunch. 2013-06-13. Retrieved 2014-03-31.
  9. "How GoodData is Winning by Expanding BI Use Cases". Blue Hill Research. 2014-01-28. Retrieved 2014-03-31.
  10. Anadiotis, George (2019-11-08). "GoodData partners with Amazon on Redshift: When data goes cloud, cloud data goes into analytics". ZDNet. Retrieved 2021-08-16.
  11. GoodData (2020-05-20). "GoodData Announces Strategic Partnership and Investment from Visa". GlobeNewswire News Room. Retrieved 2020-11-14.
  12. Anadiotis, George (2020-05-20). "GoodData and Visa: A common data-driven future?". ZDNet. Retrieved 2021-08-16.
  13. https://www.gooddata.com/press-releases/gooddata-launches-new-integration-in-partnership-with-snowflake/
  14. GoodData (2021-07-15). "GoodData and Vertica Partner to Accelerate Cloud-Native Self-Service Analytics Adoption in the Enterprise". GlobeNewswire News Room. Retrieved 2022-01-03.
  15. GoodData (2021-07-27). "GoodData Announces $45 Million Credit Facility from J.P. Morgan to Accelerate Enterprise Adoption of Cloud-Native Business Analytics". GlobeNewswire News Room. Retrieved 2022-01-03.
  16. https://www.cxtoday.com/data-analytics/gartner-magic-quadrant-for-analytics-and-business-intelligence-platforms-2023/
  17. https://www.gooddata.com/press-releases/gooddata-recognized-in-2023-gartner-magic-quadrant-analytics-bi/
  18. Avidon, Eric (2021-06-02). "GoodData launches overhauled analytics platform". TechTarget. Retrieved 2022-01-03.
  19. Woodie, Alex (2021-12-20). "Composable Analytics: Where Headless BI Meets Your Data in the Cloud". ZDNet. Retrieved 2022-01-03.
  20. https://www.gooddata.com/press-releases/gooddata-unveils-vscode-plugin/
  21. https://youtube.com/playlist?list=PLFiZU7b32UHLQl_g1BfM_P7Miufso6Hg-&si=uccZm-m7S8ZWtzLE
  22. https://www.gooddata.com/press-releases/gooddata-unveils-vscode-plugin/
  23. https://www.gooddata.com/press-releases/gooddata-introduces-flexquery-analytics-lake-new-vision-business-intelligence/
  24. https://www.datanami.com/2024/03/25/gooddata-unveils-major-update-to-redefine-the-landscape-for-bi-practitioners/
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