Leading venture firm takes entire series B round of funding SEATTLE, Sept. 8
SEATTLE, Sept. 8 /PRNewswire/ -- Today Tableau Software
(http://www.tableausoftware.com), the global leader in fast analytics and
visualization software, announced that it has secured $10 million in series B
funding from New Enterprise Associates, Inc. (NEA). NEA originally invested $5
million in Tableau in 2004. This new investment will fund new product
development and sales channel expansion. Tableau is growing exponentially and
was recently named one of the top 50 fastest growing software companies in the
United States on the Inc. 5,000 list.
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"Consolidation in the business intelligence industry is creating new
opportunities for a disruptive technology company like Tableau to rapidly
innovate," said Forest Baskett, general partner at NEA. "The company has
already established market leadership, and NEA is pleased to continue
partnering with Tableau's talented management team as they begin this next
phase of growth."
Baskett led NEA's initial investment in Tableau in 2004. In conjunction
with this round of financing, he will join the company's board of directors.
"NEA's enthusiastic backing of Tableau is a testament to our success and a
strong expression of confidence in our vision to deliver visual analytics to
anyone who uses data. The sun is starting to set on the last generation of
business intelligence companies, and the world's leading corporations are
adopting Tableau's fast analytics products," said Christian Chabot, CEO of
Tableau Software.
Already profitable, Tableau will use this funding to expand its
development team and accelerate the introduction of new and innovative
features of its data visualization and analytics products. This investment
will also fund the development of new sales territories and the expansion of
the company's channel presence, particularly in the government and
international sectors and with value added resellers.
Tableau has more than 10,000 users worldwide from thousands of companies,
including: Google, AOL, Barclays Global, HP, Microsoft, Virgin Entertainment
Group and Yale University.
Tableau Thought Leaders
Tableau's rise in the analytics industry has been driven by some of the
leading minds in the field of data exploration and visualization, including:
Professor Pat Hanrahan
Pat Hanrahan is Tableau Software's CTO. He is also the Canon USA Professor
of Computer Science and Electrical Engineering at Stanford University.
Hanrahan's research has included visualization, image synthesis, and graphics
systems and architectures. He was also a founding employee of Pixar, where he
was the chief architect of the RenderMan(TM) Interface -- a protocol that has
revolutionized the modern graphics and entertainment industries. Hanrahan is
the winner of two Academy Awards and is a member of the American Academy of
Arts and Sciences.
Dr. Chris Stolte
Chris Stolte is Tableau Software's vice president of engineering. Prior to
co-founding Tableau, Stolte researched the analysis and exploration of large,
complex databases at Stanford University. This research resulted in 12
landmark research publications and two large-scale visualization systems.
Stolte was also CTO and co-founder of BeeLine Systems (now owned by Vicinity
Corporation), a visualization software company that developed a revolutionary
map rendering system.
Dr. Jock Mackinlay
Jock Mackinlay is Tableau Software's director of visual analysis.
Mackinlay has a Ph.D. in computer science from Stanford University, where he
pioneered the automatic design of graphical presentations of relational
information. He joined Xerox PARC in 1986, where he collaborated with the User
Interface Research Group to develop many novel applications of computer
graphics for information access, coining the term "Information Visualization."
Mackinlay is a co-inventor of numerous software patents related to information
visualization.
Dr. Forest Baskett
Forest Baskett joined NEA in 1999 as a venture partner and became a
general partner in 2004. With this investment, he joins NEA General Partner
Scott Sandell on Tableau's board. Prior to NEA, he was senior vice president
of R&D and CTO of Silicon Graphics Inc., and he founded the Western Research
Laboratory of Digital Equipment Corporation. Prior to that, he was a professor
of computer science and electrical engineering at Stanford University from
1971 to 1982. He also spent two years at Los Alamos National Laboratory
building an operating system for the original Cray-1 computer and a year and a
half at Xerox Palo Alto Research Center as a principal scientist doing VLSI
research.
About Tableau Software
Tableau Software, a privately held company based in Seattle, is the
leading provider of fast analytics and visualization software. Its
award-winning products can be downloaded at
http://www.tableausoftware.com/trial.htm and used by anyone, including
executives, managers, business analysts, strategic consultants, financial
professionals, market researchers, scientists and engineers in nearly every
industry. For more information, visit http://www.tableausoftware.com.
About NEA
New Enterprise Associates, Inc. (NEA) is a leading venture capital firm
focused on helping entrepreneurs create and build major new enterprises that
use technology to improve the way we live, work and play. Since its founding
in 1978, the firm has followed the same core principles: supporting its
entrepreneurs, providing an excellent return to its limited partners, and
practicing its profession with the highest standards and respect. Through its
affiliated funds, NEA focuses on investments at all stages of a company's
development, from seed stage through IPO. With approximately $8.5 billion in
committed capital, NEA's experienced management team has invested in over 600
companies, of which more than 160 have gone public and more than 240 have been
acquired. NEA has U.S. offices in Chevy Chase, Maryland; Menlo Park,
California; and Baltimore, Maryland. In addition, New Enterprise Associates
(India) Pvt. Ltd. has an office in Bangalore, India, and New Enterprise
Associates (Beijing), Ltd. has offices in Beijing and Shanghai, China. For
additional information, visit http://www.nea.com.
"Tableau" and "Tableau Software" are registered trademarks of Tableau
Software. References to other companies and their products use trademarks
owned by the respective companies and are for reference purposes only.
Copyright(C) 2003-2008, Tableau Software, Incorporated and its licensors.
All rights reserved.
SOURCE Tableau Software
