Cloud Based BI Platform startup ClicData closes $2 million Pre-Series A Round to accelerate growth
The Arizona-based Cloud Based BI Platform startup, ClicData, announced today that has closed $2 million VC backed financing pre-Series A Round. The funding will be used to accelerate the company’s growth. ClicData is rapidly accelerating its conquest of the Business Intelligence market. With over one million in recurring annual revenue, the company has won the trust of three major VCs to take this growth even further.
ClicData is a leading provider of cloud-based dashboard systems that are designed to improve business efficiency through better reporting. It believes current BI tools are just too complex and static; every company should be able to get the most out of its data in a simple manner. Founded in 2008 by Telmo Silva, ClicData is a French company with offices in Lille, France, Scottsdale AZ, USA and Toronto ON, Canada. The business has many years experience in implementing BI solutions for a wide variety of companies worldwide. In 2015, ClicData released the new version of its dashboard & reporting application, ClicData i4.
ClicData has designed a cloud-based Business Intelligence platform that makes it easy to create and implement dynamic and visual dashboards. Its products range from data connector to automation tools for schedule & alerts and advanced secrurity. ClicData already many of the Fortune 500 customers like Siemens, Lexmark, McDonald and Daimler. Ever since releasing their first solution in the pharmaceutical market three years ago, the ClicData SaaS solution has appealed to marketing, sales, and IT professionals looking for a business dashboard tool that is both sophisticated and easy to implement. ClicData’s tools helps users tp create dashboards to better manage their business. It does it by creating a secured data warehouse for all their data sources, from Excel to Oracle, from Dropbox files to Salesforce.com (12 connectors and counting).
After five years of research and development, ClicData has developed an innovative platform and data processing engine capable of centralizing and effectively structuring all of the data needed to create reports in a highly scalable way. “This data processing step is often the most laborious for a business. Our solution is a real time-saver and much more agile in the creation and maintenance of dashboards which, we know, are essential to the growth of a company,” reports Telmo Silva, founder and architect of the solution.
ClicData has the distinct advantage of consolidating all of the tools needed to set up continuous performance tracking into one single platform, mobile included — from the database to alerts on the most sensitive indicators. No matter the complexity of the data, the ClicData solution guarantees a quick and easy start. With its recent investment into marketing and new hires, ClicData aims to become a top player in its market by 2020.