Cloud9 Analytics, a provider of SaaS business analytics for line-of-business managers, today announced it has closed its Series C financing for $8 million. The financing round was led by Mayfield Fund, with participation from existing investors InterWest Partners and Leapfrog Ventures. This brings its total in funding to $21.6 million.
Rajeev Batra of Mayfield Fund joins the Cloud9 Analytics Board of Directors.
The financing will be used to accelerate development of Cloud9 Pipeline Accelerator, the company’s flagship service, build out its roadmap for performance management applications for the front office and extend its cloud-based data management automation platform to enable third-party application development.
The company has issued a separate press release in which it outlines its strategy going forward.
(Source: press release)