Welcome!

@BigDataExpo Authors: Elizabeth White, Shelly Palmer, Pat Romanski, Karthick Viswanathan, Yeshim Deniz

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
SYS-CON Events announced today that N3N will exhibit at SYS-CON's @ThingsExpo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. N3N’s solutions increase the effectiveness of operations and control centers, increase the value of IoT investments, and facilitate real-time operational decision making. N3N enables operations teams with a four dimensional digital “big board” that consolidates real-time live video feeds alongside IoT sensor data a...
Internet of @ThingsExpo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 21st Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The Internet of Things (IoT) is the most profound change in personal and enterprise IT since the creation of the Worldwide Web more than 20 years ago. All major researchers estimate there will be tens of billions devic...
SYS-CON Events announced today that SourceForge has been named “Media Sponsor” of SYS-CON's 21st International Cloud Expo, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. SourceForge is the largest, most trusted destination for Open Source Software development, collaboration, discovery and download on the web serving over 32 million viewers, 150 million downloads and over 460,000 active development projects each and every month.
Today traditional IT approaches leverage well-architected compute/networking domains to control what applications can access what data, and how. DevOps includes rapid application development/deployment leveraging concepts like containerization, third-party sourced applications and databases. Such applications need access to production data for its test and iteration cycles. Data Security? That sounds like a roadblock to DevOps vs. protecting the crown jewels to those in IT.
SYS-CON Events announced today that Interface Corporation will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Interface Corporation is a company developing, manufacturing and marketing high quality and wide variety of industrial computers and interface modules such as PCIs and PCI express. For more information, visit http://www.i...
SYS-CON Events announced today that mruby Forum will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. mruby is the lightweight implementation of the Ruby language. We introduce mruby and the mruby IoT framework that enhances development productivity. For more information, visit http://forum.mruby.org/.
What is the best strategy for selecting the right offshore company for your business? In his session at 21st Cloud Expo, Alan Winters, U.S. Head of Business Development at MobiDev, will discuss the things to look for - positive and negative - in evaluating your options. He will also discuss how to maximize productivity with your offshore developers. Before you start your search, clearly understand your business needs and how that impacts software choices.
SYS-CON Events announced today that Cedexis will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Cedexis is the leader in data-driven enterprise global traffic management. Whether optimizing traffic through datacenters, clouds, CDNs, or any combination, Cedexis solutions drive quality and cost-effectiveness.
SYS-CON Events announced today that Mobile Create USA will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Mobile Create USA Inc. is an MVNO-based business model that uses portable communication devices and cellular-based infrastructure in the development, sales, operation and mobile communications systems incorporating GPS capabi...
SYS-CON Events announced today that MIRAI Inc. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. MIRAI Inc. are IT consultants from the public sector whose mission is to solve social issues by technology and innovation and to create a meaningful future for people.
SYS-CON Events announced today that Keisoku Research Consultant Co. will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Keisoku Research Consultant, Co. offers research and consulting in a wide range of civil engineering-related fields from information construction to preservation of cultural properties. For more information, vi...
SYS-CON Events announced today that Massive Networks, that helps your business operate seamlessly with fast, reliable, and secure internet and network solutions, has been named "Exhibitor" of SYS-CON's 21st International Cloud Expo ®, which will take place on Oct 31 - Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. As a premier telecommunications provider, Massive Networks is headquartered out of Louisville, Colorado. With years of experience under their belt, their team of...
SYS-CON Events announced today that Enroute Lab will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Enroute Lab is an industrial design, research and development company of unmanned robotic vehicle system. For more information, please visit http://elab.co.jp/.
SYS-CON Events announced today that Ryobi Systems will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Ryobi Systems Co., Ltd., as an information service company, specialized in business support for local governments and medical industry. We are challenging to achive the precision farming with AI. For more information, visit http:...
21st International Cloud Expo, taking place October 31 - November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA, 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. Me...
Real IoT production deployments running at scale are collecting sensor data from hundreds / thousands / millions of devices. The goal is to take business-critical actions on the real-time data and find insights from stored datasets. In his session at @ThingsExpo, John Walicki, Watson IoT Developer Advocate at IBM Cloud, will provide a fast-paced developer journey that follows the IoT sensor data from generation, to edge gateway, to edge analytics, to encryption, to the IBM Bluemix cloud, to Wa...
SYS-CON Events announced today that Fusic will exhibit at the Japan External Trade Organization (JETRO) Pavilion at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Fusic Co. provides mocks as virtual IoT devices. You can customize mocks, and get any amount of data at any time in your test. For more information, visit https://fusic.co.jp/english/.
The “Digital Era” is forcing us to engage with new methods to build, operate and maintain applications. This transformation also implies an evolution to more and more intelligent applications to better engage with the customers, while creating significant market differentiators. In both cases, the cloud has become a key enabler to embrace this digital revolution. So, moving to the cloud is no longer the question; the new questions are HOW and WHEN. To make this equation even more complex, most ...
SYS-CON Events announced today that B2Cloud will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. B2Cloud specializes in IoT devices for preventive and predictive maintenance in any kind of equipment retrieving data like Energy consumption, working time, temperature, humidity, pressure, etc.
SYS-CON Events announced today that NetApp has been named “Bronze Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place on Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. NetApp is the data authority for hybrid cloud. NetApp provides a full range of hybrid cloud data services that simplify management of applications and data across cloud and on-premises environments to accelerate digital transformation. Together with their partners, NetApp em...