Cumul.io, a low-code embedded analytics platform for SaaS corporations, raises $10.8M • robotechcompany.com
Cumul.io, the corporate behind a low-code enterprise intelligence (BI) analytics platform for software-as-a-service (SaaS) corporations, has raised €10 million ($10.8 million) in a Collection A spherical of funding.
Based out of Belgium in 2015, Cumul.io works in an analogous area to well-established BI incumbents similar to Tableau and Looker, however units itself aside with a concentrate on bringing embedded analytics to SaaS purposes particularly.
Embedded analytics, for the uninitiated, is the place corporations supply information reporting and visualizations immediately inside their software program, quite than having to make use of a separate, standalone BI software — this brings comfort and ease to rising corporations that will quite focus their assets on their core competencies.
“Increasingly more customers of SaaS merchandise or software program platforms anticipate insights and information to be made obtainable immediately inside their core apps, as a local part,” Cumul.io CEO and cofounder Karel Callens defined to robotechcompany.com. “SaaS corporations are in search of options that may be rolled out and marketed rapidly, are simple to make use of, and may be scaled and tailored with minimal effort to maintain prices low.”
With Cumul.io, its clients — which embody venture-backed SaaS scale-ups similar to Dixa — can combine white-labeled analytics and dashboards into their software program by connecting nearly any information supply, drag-and-drop particular options to customise their dashboards, after which copy-paste a snippet of code into their software to serve 1000’s of end-users.
Cumul.io in motion Picture Credit: Cumul.io
Misconceptions
Whereas Cumul.io is definitely akin to the likes of Looker and Tableau by way of the sphere during which it operates, Callens reckons its most direct competitor is definitely engineering groups who may need a normal aversion to third-party embedded analytics suppliers, selecting to sew their very own resolution collectively as a substitute.
“Many product and engineering groups nonetheless have the misperception that utilizing an embedded analytics vendor will restrict their flexibility, in comparison with constructing it out on their very own,” Callens added. “There’s nonetheless quite a lot of training concerned on how highly effective and versatile low-code instruments these days may be.”
Before now, Cumul.io had raised round €3.1 million ($3.4 million) in funding, and with its contemporary money injection the corporate stated that it plans to bolster its headcount throughout its places of work in Leuven and Genk in Belgium, in addition to its New York hub. Certainly, the corporate stated that greater than a 3rd of its income already emanates from the North American market.
Cumul.io’s Collection A spherical was led by France-based early stage VC agency Hello Inov-Dentressangle, with participation from Axeleo Capital, LRM, and SmartFin.
