Welcome!

Agile Computing Authors: Liz McMillan, Elizabeth White, Harry Trott, Ilya Bohaslauchyk, Prince Kumar

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.

@ThingsExpo Stories
SYS-CON Events announced today that Massive Networks 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. Massive Networks mission is simple. To help your business operate seamlessly with fast, reliable, and secure internet and network solutions. Improve your customer's experience with outstanding connections to your cloud.
SYS-CON Events announced today that CAST Software 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. CAST was founded more than 25 years ago to make the invisible visible. Built around the idea that even the best analytics on the market still leave blind spots for technical teams looking to deliver better software and prevent outages, CAST provides the software intelligence that matter ...
Everything run by electricity will eventually be connected to the Internet. Get ahead of the Internet of Things revolution and join Akvelon expert and IoT industry leader, Sergey Grebnov, in his session at @ThingsExpo, for an educational dive into the world of managing your home, workplace and all the devices they contain with the power of machine-based AI and intelligent Bot services for a completely streamlined experience.
Because IoT devices are deployed in mission-critical environments more than ever before, it’s increasingly imperative they be truly smart. IoT sensors simply stockpiling data isn’t useful. IoT must be artificially and naturally intelligent in order to provide more value In his session at @ThingsExpo, John Crupi, Vice President and Engineering System Architect at Greenwave Systems, will discuss how IoT artificial intelligence (AI) can be carried out via edge analytics and machine learning techn...
SYS-CON Events announced today that Datera, that offers a radically new data management architecture, 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. Datera is transforming the traditional datacenter model through modern cloud simplicity. The technology industry is at another major inflection point. The rise of mobile, the Internet of Things, data storage and Big...
In his session at @ThingsExpo, Arvind Radhakrishnen discussed how IoT offers new business models in banking and financial services organizations with the capability to revolutionize products, payments, channels, business processes and asset management built on strong architectural foundation. The following topics were covered: How IoT stands to impact various business parameters including customer experience, cost and risk management within BFS organizations.
SYS-CON Events announced today that CA Technologies has been named "Platinum Sponsor" of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business - from apparel to energy - is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
SYS-CON Events announced today that Pulzze Systems will exhibit at SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. Pulzze Systems Inc, provides the software product "The Interactor" that uniquely simplifies building IoT, Web and Smart Enterprise Solutions. It is a Silicon Valley startup funded by US government agencies, NSF and DHS to bring innovative solutions to market.
From 2013, NTT Communications has been providing cPaaS service, SkyWay. Its customer’s expectations for leveraging WebRTC technology are not only typical real-time communication use cases such as Web conference, remote education, but also IoT use cases such as remote camera monitoring, smart-glass, and robotic. Because of this, NTT Communications has numerous IoT business use-cases that its customers are developing on top of PaaS. WebRTC will lead IoT businesses to be more innovative and address...
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, will introduce two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
SYS-CON Events announced today that CA Technologies has been named “Platinum Sponsor” of SYS-CON's 21st International Cloud Expo®, which will take place October 31-November 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA. CA Technologies helps customers succeed in a future where every business – from apparel to energy – is being rewritten by software. From planning to development to management to security, CA creates software that fuels transformation for companies in the applic...
In his session at @ThingsExpo, Dr. Robert Cohen, an economist and senior fellow at the Economic Strategy Institute, presented the findings of a series of six detailed case studies of how large corporations are implementing IoT. The session explored how IoT has improved their economic performance, had major impacts on business models and resulted in impressive ROIs. The companies covered span manufacturing and services firms. He also explored servicification, how manufacturing firms shift from se...
SYS-CON Events announced today that Elastifile 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. Elastifile Cloud File System (ECFS) is software-defined data infrastructure designed for seamless and efficient management of dynamic workloads across heterogeneous environments. Elastifile provides the architecture needed to optimize your hybrid cloud environment, by facilitating efficient...
SYS-CON Events announced today that Golden Gate University 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. Since 1901, non-profit Golden Gate University (GGU) has been helping adults achieve their professional goals by providing high quality, practice-based undergraduate and graduate educational programs in law, taxation, business and related professions. Many of its courses are taug...
Recently, WebRTC has a lot of eyes from market. The use cases of WebRTC are expanding - video chat, online education, online health care etc. Not only for human-to-human communication, but also IoT use cases such as machine to human use cases can be seen recently. One of the typical use-case is remote camera monitoring. With WebRTC, people can have interoperability and flexibility for deploying monitoring service. However, the benefit of WebRTC for IoT is not only its convenience and interopera...
When shopping for a new data processing platform for IoT solutions, many development teams want to be able to test-drive options before making a choice. Yet when evaluating an IoT solution, it’s simply not feasible to do so at scale with physical devices. Building a sensor simulator is the next best choice; however, generating a realistic simulation at very high TPS with ease of configurability is a formidable challenge. When dealing with multiple application or transport protocols, you would be...
WebRTC is the future of browser-to-browser communications, and continues to make inroads into the traditional, difficult, plug-in web communications world. The 6th WebRTC Summit continues our tradition of delivering the latest and greatest presentations within the world of WebRTC. Topics include voice calling, video chat, P2P file sharing, and use cases that have already leveraged the power and convenience of WebRTC.
An increasing number of companies are creating products that combine data with analytical capabilities. Running interactive queries on Big Data requires complex architectures to store and query data effectively, typically involving data streams, an choosing efficient file format/database and multiple independent systems that are tied together through custom-engineered pipelines. In his session at @BigDataExpo at @ThingsExpo, Tomer Levi, a senior software engineer at Intel’s Advanced Analytics ...
SYS-CON Events announced today that Secure Channels, a cybersecurity firm, 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. Secure Channels, Inc. offers several products and solutions to its many clients, helping them protect critical data from being compromised and access to computer networks from the unauthorized. The company develops comprehensive data encryption security strategie...