UPDATED 11:51 EDT / AUGUST 20 2015

NEWS

Analytics startup Mode bags $7.5 million to make data visualization more collaborative

Whenever the topic of analytics use in the enterprise is brought up and the challenges of adoption inevitably follow, priorities like simplicity, speed and the importance of supporting new kinds of data more effectively come to mind. But mentioned much less often is the need to help the people handling that data work better together, which is what Mode Analytics Inc.  has set out to do.

The San Francisco-based startup received a $7.5 million capital infusion from investors this week to continue pursuing that goal with its namesake visualization service, which provides a sleek query editor geared specifically towards teams. Requests can be written and run, turned into graphs and securely shared throughout the organization from the same place.

It’s not exactly unique functionality, with data virtualization kingpin Tableau Software Inc. and its top rival, Qlik Technologies Inc., both offering cloud-based sharing extensions for their desktop software. But the simplicity with which Mode allows users to share their work with peers has helped its service stand out nonetheless and attract numerous big-name customers.

The startup is further expanding the appeal on occasion of its new funding round with the addition of several new productivity featured aimed at larger teams. Multiple graphs can now be included in a single report, which is useful in scenarios where, say, a top accountant with a global enterprise wants to examine financial performance across several different subsidiaries.

But of course, there’s much more to such complex virtualization than merely putting together the graphs. For starters, there’s the tenancy of disparate units in large organizations to keep their information in different types of systems, which is why Mode is also adding support for the cloud-based data warehouse from the likewise recently funded Snowflake Computing Inc. and Presto, an open-source alternative.

The new funding from Foundation Capital and existing backers Goldcrest Capital and Arnold Capital will be used to build out more such features as part of Mode’s growth efforts. Its total raised now stands at $10.4 million.

Photo via Mode Analytics

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