Cumul.io, the corporate at the back of a low-code industry intelligence (BI) analytics platform for software-as-a-service (SaaS) firms, has raised €10 million ($10.8 million) in a Collection A spherical of investment.
Based out of Belgium in 2015, Cumul.io works in a equivalent house to well-established BI incumbents akin to Tableau and Looker, however units itself aside with a focal point on bringing embedded analytics to SaaS packages particularly.
Embedded analytics, for the uninitiated, is the place firms be offering knowledge reporting and visualizations immediately within their application, quite than having to make use of a separate, standalone BI utility — this brings comfort and ease to rising firms that may quite center of attention their sources on their core competencies.
“Increasingly more customers of SaaS merchandise or application platforms be expecting insights and information to be made to be had immediately within their core apps, as a local element,” Cumul.io CEO and cofounder Karel Callens defined to TechCrunch. “SaaS firms are in search of answers that may be rolled out and advertised briefly, are simple to make use of, and will also be scaled and tailored with minimum effort to stay prices low.”
With Cumul.io, its consumers — which come with venture-backed SaaS scale-ups akin to Dixa — can combine white-labeled analytics and dashboards into their application via connecting with regards to any knowledge supply, drag-and-drop particular options to customise their dashboards, after which copy-paste a snippet of code into their utility to serve hundreds of end-users.
Whilst Cumul.io is for sure related to the likes of Looker and Tableau in relation to the sector during which it operates, Callens reckons its maximum direct competitor is in truth engineering groups who may have a normal aversion to third-party embedded analytics suppliers, opting for to sew their very own resolution in combination as a substitute.
“Many product and engineering groups nonetheless have the misperception that the usage of an embedded analytics dealer will restrict their flexibility, in comparison to development it out on their very own,” Callens added. “There’s nonetheless numerous training concerned on how tough and versatile low-code equipment at the moment will also be.”
Previously, Cumul.io had raised round €3.1 million ($3.4 million) in investment, and with its recent money injection the corporate mentioned that it plans to strengthen its headcount throughout its places of work in Leuven and Genk in Belgium, in addition to its New York hub. Certainly, the corporate mentioned that greater than a 3rd of its earnings already emanates from the North American marketplace.
Cumul.io’s Collection A spherical used to be led via France-based early degree VC company Hello Inov-Dentressangle, with participation from Axeleo Capital, LRM, and SmartFin.