It’s hard to drive growth with data but DataJoy wants to make it simple with AI-powered revenue analytics that embed the best practices of the biggest and fastest growing SaaS companies.
DataJoy emerged from stealth mode this week with the news that they have raised a USD $6 million seed round led by Foundation Capital with help from Quarry VC, Partech Partners, IGSB, Bow Capital and SVB.
Currently 100% remote, DataJoy was co-founded by Chief Executive Officer Jon Lee (Founder of Copper) and Chief Product Officer Ken Wong (ex-Tableau), who have yet to meet in person. Wong previously ran AI and machine learning at Tableau.
The company will eventually have a presence in both Vancouver and San Mateo when offices open up again.
“While DataJoy is a fully remote company, the majority of our product development team calls Vancouver home. There is a long and impressive list of analytics companies based in this city; I’m excited about DataJoy joining that list. This round of funding will primarily go towards expanding our R&D team, and I anticipate that the majority of that hiring will happen in YVR,” Wong told Techcouver.
The company has decided to concentrate its efforts for starters on SaaS companies and their requirements. “We basically focus on taking the work out of revenue intelligence, and just give you the insights that successful companies in the SaaS vertical depend on to be the largest and fastest growing in the market,” Lee told Techcrunch.
While DataJoy is still in the process of building the product and is pre-revenue, it has begun developing the pieces to ultimately help companies answer these questions. Eventually it will have a set of connectors to various key systems like Salesforce for CRM, HubSpot and Marketo for marketing, and Netsuite for ERP.
DataJoy currently has 11 employees and plans to double headcount by the middle of 2021. They have open roles for product management, design, and engineering.