Visual analytics pioneer closes venture funding round led by Software AG to drive growth and push into new ecosystems
iCharts, the leader in cloud-based collaborative visualization platforms, announced today that it has closed $5.5 million in Series B2 funding to further accelerate its strong growth in the collaborative visual and business intelligence market. The investment was led by Software AG, with participation from new and existing institutional and private investors. With the $5.5 million investment, iCharts has now raised a total of $15 million.
“Our focus over the last two years has been to design our products to natively serve the needs of our customers inside ecosystems such as NetSuite and Google. That focus has paid off as demonstrated by the success we have seen inside of these platforms, which has generated significant customer interest for us to enter new ecosystems” said Seymour Duncker, Co-Founder and CEO of iCharts. “Our product, and this funding round, will help us scale to the next level as we enter these new ecosystems.”
“We are excited to extend our original investment on iCharts,” said Frederic Hanika, Head of M&A and Corporate Ventures at Software AG. “We see strong growth potential based on iCharts’ traction and unique ability to natively embed in distinct ecosystems.”
To further accelerate its growth, iCharts recently opened a sales office in Roseville, CA. The company will be also moving its headquarters to Mountain View in March, 2016.
In 2015, iCharts saw a 3x year-over-year increase in total bookings. Today, iCharts is the only fully-native data visualization platform inside of NetSuite, as well as a premiere partner of Google’s BigQuery platform.
Based in Sunnyvale, Calif., iCharts provides collaborative data visualization in the cloud to industry leaders such as The Coca-Cola Company, IDC and MarketWatch. The cloud-based iCharts Visual Analytics platform allows business users, enterprises and data providers to create, embed and share highly interactive visualizations. Visit https://icharts.net for more information.
iCharts is a registered trademark of iCharts, Inc. All other trademarks and product names are the property of their respective companies.