Welcome!

@BigDataExpo Authors: AppNeta Blog, Pat Romanski, Liz McMillan, Jnan Dash, Carmen Gonzalez

News Feed Item

Dashboard Startup Klipfolio Secures $1.7-Million in Funding from US, Canadian-Based Venture Capital Firms

Klipfolio, a global leader in cloud-based Web and mobile dashboard solutions, today announced it has secured $1.7-million (CDN) in funding, led by the BDC Venture Capital IT Fund, Mistral Venture Partners and including several leading early-stage investor groups from both Canada and the United States including Fundfire (Ottawa), BOLDstart Ventures (New York), Acadia Woods (New York), and CommonAngels Ventures (Boston).

Klipfolio provides a flexible and powerful BI solution that allows business users to unite cloud-bas ...

Klipfolio provides a flexible and powerful BI solution that allows business users to unite cloud-based and on-premise data sources to create meaningful dashboards without the cost or complexity of traditional business intelligence tools. (Photo: Business Wire)

The Ottawa-based startup has recently grabbed the attention of industry watchers and many of the world's most recognized brands for its real-time business dashboard, a flexible and powerful solution that allows business users to unite cloud-based and on-premise data sources to create meaningful dashboards without the cost or complexity of traditional business intelligence tools. Klipfolio has experienced dramatic year-over-year organic revenue growth and has a growing customer list that includes Fortune 500 companies.

The $1.7-million in funding will allow Klipfolio to continue to grow its customer base in a global business intelligence (BI) software market that is projected to reach $17.1 (US) billion by 2016, according to market research firm, Gartner.*

Klipfolio has a diverse customer base that includes leaders in healthcare, financial services, consumer packaged goods, non-profit, manufacturing and government. With more than 1,100 customers in 2013, Klipfolio has experienced rapid customer growth since the organization launched a cloud-based dashboard solution in 2011.

“Now that cloud-based computing has been broadly accepted, I expect to see a surge in the uptake of BI in 2014. By focusing on a combination of user self-service, mobile, and cloud-based BI, Klipfolio is well positioned to get significant traction in a market where there is a strong potential growth in BI adoption,” said Mike Ferguson, Managing Director, leading IT market analyst and consulting company, Intelligent Business Strategies.

“The decision-making landscape is changing. Line of business users are desperate to consolidate and visualize the overwhelming number of metrics they need on a daily basis," said Allan Wille, Chief Executive Officer, Klipfolio. "The future is all about making business intelligence software easier, friendlier, smarter, and more cost-effective – and with today's announcement, Klipfolio is making this happen.”

Popular online automotive review site Edmunds.com is a long-time Klipfolio customer. Based in Santa Monica, CA with more than 550 employees, Edmunds.com was recently ranked by the Maritz Research’s 2013 Online Customer Review Study as one of the most trusted online review sites, ranking 4th overall.

With 200 million visitors to its site annually, Edmunds.com needed a solution that gave it real-time insights into its business. “How you present data really matters. It matters in the sense of the story you want to tell as well as how digestible and actionable it is for the end user. We chose Klipfolio because of how easy it was to integrate with our back-end data, and the ease of learning the UI in terms of transforming and getting value out of that data,” said George K. Kang, Vice President, Inside Sales & Dealer Development, Edmunds.com.

“Ottawa has long been recognized as a global centre of business intelligence software innovation. Klipfolio has grown out of that long tradition of success, creating a solution that truly changes the game for organizations looking to effectively harness their business data to help make better decisions,” said Ron Warburton, Managing Partner, BDC Venture Capital IT Fund. “BDC saw in Klipfolio an organization ready to take that critical next step in its growth, building on a solid foundation of proven technology and strong global customer relationships.”

“Given Ottawa’s dominance in the BI space, we weren’t surprised to find a fast-growing company based here that was focused on the fastest growing segment within BI – Data Visualization. Consistently ranked in the top 5 in their space by industry research studies, and generating sales to some of the world’s most respected brands, Klipfolio is leading the next wave of BI services that puts the power of Big Data in the hands of the user,” said Code Cubitt, Managing Director at Mistral Venture Partners. “We are excited to partner with this passionate team of business intelligence innovators to help take Klipfolio to the next level as a global business intelligence leader.”

According to the Klipfolio management team, Klipfolio plans to use the funding to expand its operational team and global reach.

*Gartner Press Release, Gartner Says Worldwide Business Intelligence Software Revenue to Grow 7 Percent in 2013, Feb. 19, 2013 http://www.gartner.com/newsroom/id/2340216

About Klipfolio

Trusted and relied upon by 1,100 organizations around the world including leading global brands, Klipfolio is a global leader in cloud-based Web and mobile dashboard solutions. Klipfolio provides an online dashboard platform for building powerful real-time business dashboards. Unlike traditional or legacy BI solutions, the Klipfolio solution is being selected by customers as a cost-effective, flexible solution that allows the seamless integration of diverse sources of data into a dynamic dashboard to monitor business performance. With customers in healthcare, financial services, consumer packaged goods, government, non-profit and marketing, the Klipfolio cloud-based solution is designed to help business decision-makers in medium to large-sized enterprises make better decisions. Find out more at http://www.klipfolio.com or follow us twitter.com/klipfolio

More Stories By Business Wire

Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@BigDataExpo Stories
Financial Technology has become a topic of intense interest throughout the cloud developer and enterprise IT communities. Accordingly, attendees at the upcoming 20th Cloud Expo at the Javits Center in New York, June 6-8, 2017, will find fresh new content in a new track called FinTech.
Whether your IoT service is connecting cars, homes, appliances, wearable, cameras or other devices, one question hangs in the balance – how do you actually make money from this service? The ability to turn your IoT service into profit requires the ability to create a monetization strategy that is flexible, scalable and working for you in real-time. It must be a transparent, smoothly implemented strategy that all stakeholders – from customers to the board – will be able to understand and comprehe...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life sett...
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Internet-of-Things discussions can end up either going down the consumer gadget rabbit hole or focused on the sort of data logging that industrial manufacturers have been doing forever. However, in fact, companies today are already using IoT data both to optimize their operational technology and to improve the experience of customer interactions in novel ways. In his session at @ThingsExpo, Gordon Haff, Red Hat Technology Evangelist, will share examples from a wide range of industries – includin...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Between 2005 and 2020, data volumes will grow by a factor of 300 – enough data to stack CDs from the earth to the moon 162 times. This has come to be known as the ‘big data’ phenomenon. Unfortunately, traditional approaches to handling, storing and analyzing data aren’t adequate at this scale: they’re too costly, slow and physically cumbersome to keep up. Fortunately, in response a new breed of technology has emerged that is cheaper, faster and more scalable. Yet, in meeting these new needs they...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discussed how businesses can gain an edge over competitors by empowering consumers to take control through IoT. He cited examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He also highlighted how IoT can revitalize and restore outdated business models, making them profitable ...
When it comes to cloud computing, the ability to turn massive amounts of compute cores on and off on demand sounds attractive to IT staff, who need to manage peaks and valleys in user activity. With cloud bursting, the majority of the data can stay on premises while tapping into compute from public cloud providers, reducing risk and minimizing need to move large files. In his session at 18th Cloud Expo, Scott Jeschonek, Director of Product Management at Avere Systems, discussed the IT and busin...
SaaS companies can greatly expand revenue potential by pushing beyond their own borders. The challenge is how to do this without degrading service quality. In his session at 18th Cloud Expo, Adam Rogers, Managing Director at Anexia, discussed how IaaS providers with a global presence and both virtual and dedicated infrastructure can help companies expand their service footprint with low “go-to-market” costs.
"Once customers get a year into their IoT deployments, they start to realize that they may have been shortsighted in the ways they built out their deployment and the key thing I see a lot of people looking at is - how can I take equipment data, pull it back in an IoT solution and show it in a dashboard," stated Dave McCarthy, Director of Products at Bsquare Corporation, in this SYS-CON.tv interview at @ThingsExpo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
"We are the public cloud providers. We are currently providing 50% of the resources they need for doing e-commerce business in China and we are hosting about 60% of mobile gaming in China," explained Yi Zheng, CPO and VP of Engineering at CDS Global Cloud, in this SYS-CON.tv interview at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and sh...
Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...