Based out of Leuven, Belgium, Cumul.io is a software company in data visualisation, providing a low-code platform for data analysis with seamless integration into other SaaS platforms or applications.
Raised €3.5M
Recently, the Belgian company raised €3.5M funding led by Axeleo Capital, LRM, and SmartFin, who led their previous investment round. The proceeding will be used to continue growing their market presence worldwide with a special focus on Europe and the US.
“We’re taking strong leadership in Europe, driven from our HQ in Leuven and a new office in Genk. To accelerate our global expansion plans, our growing US office will play a key role in gaining traction on the US market. We aim to double the size of the team on our main markets: we are actively hiring a Product Marketer, and planning to hire new team members in sales, marketing, and customer support, both in Europe and the US,” says Karel Callens, CEO at Cumul.io.
A part of the funding will go to accelerating the Belgian company’s product roadmap, which includes an embeddable dashboard editor, and a brand-new query engine, capable of ingesting & analysing large datasets at an unparalleled depth & speed.
Solid roots in Europe and the US
Founded by Haroen Vermylen, Karel Callens, and Thomas De Clerck in 2015, the Belgian company Cumul.io answers the increasing demand for easy and accessible data analysis tools and integrations. Notably, 25% of the revenue is generated from the US market, according to the company.
190 companies from 30 countries
As per the company’s claims, Cumul.io has seen exponential growth since the launch of its embedded analytics offering two years ago. More than 190 SaaS companies across 30 countries are using Cumul.io to speed up the development of analytical features in their application.
As a part of the funding round, Stijn (Stan) Christiaens, co-founder & CTO at Collibra, a well-known software European unicorn, joins Cumul.io as an independent board member.
Eric Burdier, Founding Partner at Axeleo Capital, says “Their user-friendly interface combined with API-first and Cloud-first approaches makes the platform a unique solution in its kind for CTOs and CPOs. Add to this their disruptive usage-based pricing model that eliminates the cost of licenses per end-customer, and you have a guaranteed recipe for success.”
Main image credits: Cumul.io