San Francisco, California-based Chartio obtained $2.2 million in additional financing from Avalon Ventures. Chartio is a provider of cloud business intelligence for developers and businesses. By linking clients with the most popular data sources in the world, they are able to work with their data in real time through a web browser wherever they are whenever they want.
Proceeds from the most recent funding round will be used to add more to its workforce, enhance its marketing efforts and enable its dedicated services team to drive the company to become the top solution in the cloud business intelligence space.
Avalon Ventures led Chartio's Series A funding round in 2011 which raised $4.4 million. From that time, Chartio has grown tremendously and quadrupled the people in its employ. It counts Ancestry.com, Change.org, Indiegogo and Homejoy among its customers.
In the statement about the funding, Avalon Ventures Partner Rich Levandov said, "The data industry is the one to watch in 2014, and we believe Chartio is the most powerful, seamless and easy-to-use solution in cloud business intelligence today. As enterprises move even more applications to the cloud, we believe Chartio is the solution to bring data into the hands of everyday employees. We are excited to watch Chartio's success in the coming year."
Chartio has also introduced new capabilities and services. Data blending allow clients to start exploring their data right away because of its ability to link databases and blend their data in-browser at the very time they begin to make a visualization. Together with data blending, the company has also introduced the ability to create custom formulas based on those results to allow for more difficult and complicated calculations.
Companies who need more help in getting the most value from their data can now use Chartio's services. While the tool is intuitive and self-service, the company provides connection assistance, education and training and priority support, among others.
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