Cumul.io, a Belgium-based low-code business intelligence (BI) analytics platform for software-as-a-service (SaaS) companies, raised €10 million in Series A funding.
The round was led by Hi Inov-Dentressangle, with participation from existing seed investors Axeleo Capital, LRM, and SmartFin.
With this new funding, the team aims to grow and step up its international reach. The team has been growing fast, with offices also in New York and Genk, and now plans to scale further.
Cumul.io also plans to increase the platform’s analytical power, in addition to further improving ease of use, robust performance, and increased scalability.
Karel Callens, CEO, and Co-Founder, Cumul.io: “In a world that is now almost entirely powered by technology, all businesses are becoming data-driven software companies. But in today’s highly competitive business environment, where cost and time efficiency is critical, the data driving these companies need to be presented in a simple and understandable manner."
Round: Series A
Funding Month: January 2023
Lead Investors: Hi Inov-Dentressangle
Additional Investors: Axeleo Capital, LRM, and SmartFin
Company Website: https://cumul.io/
Software Category: Embedded Analytics Software
About the Company: Cumul.io was founded in 2015 by Karel Callens, Haroen Vermylen, and Thomas De Clerck to empower businesses with confident decisions by bringing actionable and interactive insights into one place. Cumul.io is an analytics software company that provides a low-code platform for data analysis with integration into other SaaS platforms or applications. The company provides a plug-and-play platform for data analysis with seamless integration into other SaaS platforms or applications. It serves over 240 SaaS companies worldwide, including Dixa, FastSpring, and Selligent.