GoodData, the leader in Data as a Service (DaaS) analytics infrastructure, announced the closing of a $45 million credit facility from J.P. Morgan. The company will use this new financing to grow its global sales and engineering teams, continuously investing in building solutions for modern, enterprise-grade analytics.
Jason Fournier, Industry Executive for Technology & Disruptive Commerce, J.P. Morgan, said: “We are excited to support GoodData with this new $45 million credit facility and be part of the company’s growth story.”
“With this financing, GoodData will be able to continue creating analytics solutions and grow their skilled engineering team to help more enterprises unlock true data-driven decision making.”
GoodData saw nine times recurring revenue growth from its self-service channel in 2020 and announced an investment and strategic partnership with leading digital payment provider Visa. GoodData has been following the trends of a cloud-native future and has architected and launched an entirely new, modern platform in 2021, named GoodData.CN. The solution represents the next step in the company’s ongoing innovation to bring automated, real-time analytics into the 21st century.
GoodData CEO and Founder Roman Stanek, said:
“The shift to a cloud-native enterprise data infrastructure is akin to the world moving from steam to electricity. It’s a paradigm shift, and we’re using this new support from J.P. Morgan to continue helping our enterprise customers adopt Data as a Service and stay competitive.”
“We’re also now in a position to expand our world-class global sales team and engineering team globally, scale our product and sales operations, and double down on bringing cloud-native enterprise solutions to market.”
At the helm of the global engineering teams is GoodData SVP Radovan Janecek. The new financing will aid in Janecek’s work increasing his team’s size by 20 percent.
“The initial release of GoodData.CN sparked an unprecedented amount of interest in cloud-native analytics infrastructure,” said Janecek. “This financing allows us to build on that momentum and stay two steps ahead of analytics’ trajectory, as we have been since our first cloud-native offering. We are excited to keep growing our world-class engineering teams.”
