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Boulder-based Startup GridCraft Secures $2.2 Million in Seed Funding to Put Powerful Data Analysis Tools in the Hands of Every Business User

BOULDER, Colo., August 6, 2014-- GridCraft announced today it has raised $2.2 million in seed funding led by Techstars’ Bullet Time Ventures. GridCraft empowers business users to aggregate, analyze and visualize their data so they can make better decisions. Using GridCraft, anyone can conduct robust data analysis – not just a select few with analytics expertise – on all types of data, including live data, using a familiar spreadsheet-like interface. Thoughtfully designed data sharing and collaboration tools and a full-featured native iPad app fit today’s modern workplace. The company’s SaaS product is currently in Beta and will be available in Fall 2014.

“Companies are struggling to get a handle on their data, and desperately want to get to a place where they can make data-driven decisions quickly and efficiently,” says Ari Newman of Bullet Time Ventures. “GridCraft is poised to disrupt the data analytics market by combining powerful analytics tools that everyone across the organization can use with data sharing and collaboration features that just don’t exist in the analytics market today. GridCraft has the potential to truly democratize data,” Newman adds.

Putting GridCraft within reach of everyone is the core of the company’s business model. A user can create a free account and access powerful analysis tools without any training – and a paid subscription lets users and teams tap into more advanced features.

GridCraft is built to enterprise-class standards with scalability and security features that support large data sets and manage user access. Drag & drop data source connectors let users easily pull data into a spreadsheet from third party data sources such as SalesForce™ to create live reports and dashboards that update automatically. In addition to hundreds of data analysis functions, GridCraft's own formula language lets non-technical users write their own custom functions. A chart wizard provides quick data visualization, and charts update dynamically as data changes.

Innovative data sharing and real-time collaboration tools help teams across the organization – from sales and marketing to finance operations – work more productively; users can invite anyone to view or contribute to their spreadsheet. “GridCraft empowers users to come together to make more strategic business decisions. The inherently collaborative nature of spreadsheets will introduce new users to GridCraft – and support organic adoption,” says GridCraft's CEO Lisa Reeves.

Seed round investors include Techstars’ Bullet Time Ventures, Cohort Capital, Confluence Capital Partners, Drummond Road Capital, Galvanize Ventures, Impact Angel Group, Startup Studio Ventures, and angel investors. GridCraft was founded in July 2013 by seasoned industry veterans who bring experience from Oracle, SAP and Citrix. Today more than two dozen companies are using the GridCraft Beta product. To learn more about the company and to be notified when GridCraft's product is publicly available, please go to http://www.gridcraft.com.

About GridCraft

GridCraft empowers business users to aggregate, analyze and visualize their data so they can make better, data-driven decisions. With GridCraft, everyone – not just those with analytics expertise – can conduct robust data analysis on all kinds of data, including live data, using a familiar spreadsheet-like interface. GridCraft’s innovative data sharing and collaboration features fit today’s connected enterprise, and a full-featured native iPad allows users to access and analyze their data anywhere, anytime. The company’s SaaS product will be available in Fall 2014.

Features include data connectors that connect to third party sources to create live dashboards, and powerful tools that let users collaborate on data in ways never before possible. GridCraft provides enterprise-class user management, security and scalability to handle large data volume. Users can create a free account and be up and running in minutes with no training. With a paid subscription users and teams can tap into GridCraft's more advanced features.

Boulder, Colorado-based GridCraft was founded in July 2013 by seasoned veterans with established track records of developing then bringing industry-leading software products to market. More than two dozen companies are using the GridCraft Beta product. To learn more, go to http://www.gridcraft.com.

Contact:
For more information, contact:
Julie Jensen
julie.jensen(at)gridcraft(dot)com
303-809-3426


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