Wednesday, July 23, 2008

Good Data software grabs $2M in seed funding

By Mass High Tech Staff

Good Data Corp. reports closing of a $2 million seed round of funding.

Cambridge-based Good Data provides on-demand collaborative business intelligence solutions. The initial round of funding will enable the company to deliver a cloud-based platform for midsize business intelligence projects, company officials said.

Investors include EDventure Holdings Inc. chairwoman Esther Dyson, O’Reilly Media CEO Tim O’Reilly, and Good Data CEO Roman Stanek, who was also CEO of Prague-based NetBeans Inc. and Burlington-based Systinet Corp.

New York-based Windcrest Partners also invested in Good Data. As part of the deal, Windcrest partner James Gellert will join the company’s board of directors.

Good Data, which employs 30 workers, developed its technology in 2002 and it is now used in large insurance and retail corporations, officials said.