Czech startup Good Data has raised $2.5 million in Series C funding from Andreessen Horowitz, General Catalyst Partners and other undisclosed investors. This brings the startup’s total financing to $7 million. in addition, Tim O’Reilly, who is an investor in Good Data, has joined the startup’s board.
Good Data, which raised another $2.5 million earlier this year from Marc Andreessen, Ben Horowitz and others, was founded by serial entrepreneur Roman Stanek. Good Data offers a cloud-based data analytics solution that is more cost-effective than similar products offered by IBM, SAP and Oracle. The startup launched a beta program earlier this year which drew over 2,000 customers.
The company’s business intelligence services run entirely on Amazon Web Services, which keeps their fixed costs down to a minimum while still being able to achieve scalability. Good Data has also introduced customer analytics applications for NetSuite and Salesforce clients.