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Chartio Closes $2.2 Million in Additional Funding From Avalon Ventures to Provide Powerful Cloud Business Intelligence

Launches Powerful New Capabilities and Chartio Services Alongside Funding to Help Customers Get the Most Out of Data

SAN FRANCISCO, CA -- (Marketwired) -- 01/22/14 -- Today Chartio is happy to announce $2.2 million in additional funding from Avalon Ventures to accelerate growth towards profitability and deliver the most powerful and flexible solution in the cloud business intelligence space. In 2011 Chartio raised $4.4 million in a Series A round led by Avalon Ventures to drive the development of the cloud-based business intelligence offering. Since then Chartio has grown 36.4 times over, has quadrupled the number of employees and with customers such as Ancestry.com, Change.org, Indiegogo and Homejoy is fastly becoming the number one choice for cutting-edge cloud business intelligence. The additional funding will go towards hiring, driving forward additional marketing efforts and mobilizing a dedicated services team to make Chartio the number one solution in today's market.

"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," said Rich Levandov, partner at Avalon Ventures. "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."

In addition to today's funding news, Chartio is launching powerful new capabilities and Chartio Services to drive faster adoption of the one-of-a-kind technology at companies throughout the world.

Powerful New Capabilities: Data Blending and Custom Formulas

Chartio is excited to announce the ability to blend multiple data sources together without the hassle of ETL. Usually, teams looking to analyze data from multiple sources have to undergo a lengthy setup process, imagining every way their data may be examined and then build a warehouse from that perspective. Chartio now frees customers to begin exploring their data immediately, by providing the ability to connect databases and blend their data in-browser, at the very moment they start to create a visualization. In conjunction with blending data, Chartio is also announcing the ability to execute custom formulas on those results to make complex calculations. Although much more advanced, the process is as simple as using a calculator, revolutionizing BI by removing the costly setup time and infrastructure involved in traditional deployments.

"With the data blending and custom formula features I can now explore data on my terms. If I have a question that involves another data set, I can easily add, make calculations and see a result to chart in seconds," said Nick Ducoff, vice president of content at Boundless. "It is truly extraordinary and exhilarating to see answers to our data questions in seconds. Chartio's innovation in the space is second to none."

Chartio Services

Starting today, Chartio services is available for companies who need additional help in getting the value out of their data. Though Chartio is focused on building an intuitive, self-service tool for everyone in business, we recognize that not all teams have the time and expertise to fully investigate and utilize their data. Chartio services will provide Chartio connection assistance, dashboard creation, advanced query building, architecture consultation, education & training and priority support.

"As a new company, it's important to get it right when it comes to identifying and applying information about the way people are using your product," said Raphael Grignani, CEO and co-founder of Jauntful. "Chartio sat with us as we got our databases connected to the app, talked through our business model to help us figure out important metrics to track and helped us create the actual charts and graphs for our dashboard -- allowing us to make quick, data-driven decisions to improve Jauntful."

About Chartio
Chartio is award-winning cloud business intelligence for developers and businesses. It connects to the world's most popular data sources, allowing you to work with your data in real time, over a web browser, from any location or device. Through our powerful chart-creator interface, create great-looking dashboards that are easy to use, simple to present to your teammates, and quick to set up. Sign up for your free trial today.

Melissa Smolensky
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