New funds puff up Cloud9 for business intelligence software
Cloud9 Analytics, maker of software that aggregates business intelligence for company leaders, has raised an undisclosed amount in second-round capital from InterWest Partners and Leapfrog Ventures, reports VentureWire. Both firms had also supplied the San Mateo, Calif. company’s $5 million first round of financing in 2007.
Cloud9’s software is based on change detection. For example, its primary application crawls data on Salesforce.com, alerting managers to any changes occurring on their teams and in their sales pipelines. But the software doesn’t have to be used with Salesforce, the company emphasizes — it can be used to detect changes in any database. It also says it has several new products in the works that will integrate with its current offerings.
Since launching its lead application in December, Cloud9 has recruited 60 clients into its fold, including Thermo Fischer Scientific, Data Domain and Fandango. It targets companies that use Salesforce.com, and have 100 to 5,000 of their employees on the site.
The company expects the recent round of funding to be its last, claiming that the amount giving is enough to push it to profitability.
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About the Author, Camille Ricketts
Camille is the lead writer for GreenBeat. She came to VentureBeat from Google where she worked on its traditional platforms team, particularly in TV. Before that, she was a reporter for the Wall Street Journal in New York and London. Follow her on Twitter at @camillericketts, and follow VentureBeat on Twitter at @venturebeat.
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