Comments on: Web analytics company Coremetrics raises $60M

By: $78.2 million for Web Analytics Companies in 2008 >> MSD’s Search Industry Blog

Tue, 02 Sep 2008 11:29:10 +0000

[...] second deal reported by VentureBeat was a $60 million deal for Coremetrics. Coremetrics has separated itself from the pack by providing an analytics tool that [...]

By: Marketing software company HubSpot raises $12M » VentureBeat

Marketing software company HubSpot raises $12M » VentureBeat — Fri, 16 May 2008 20:57:47 +0000

[...] how crowded the web analytics field has become, and also about a company called Coremetrics that raised a whopping $60 million last month to combine analytics with other marketing tools. But HubSpot’s product is broader than that, [...]

By: Stopme

Stopme — Tue, 13 May 2008 01:38:14 +0000

Doesn’t make sense to take $60m when you just reached profitability – unless you’re planning to do some acquistions…

By: Dev

Dev — Sat, 05 Apr 2008 22:17:37 +0000

tonna

By: dave mcclure

dave mcclure — Fri, 04 Apr 2008 23:32:12 +0000

congrats to CoreMetrics… but it shouldn’t take $60M (holy crap!) to get to profitability in almost ANY market, much less software analytics where your costs are almost entirely in development & hosting.

the problem isn’t that the sector is overfunded or too many companies, the problem is that the companies aren’t providing SIMPLE solutions to analyzing web metrics. and people are currently getting BURIED in data, whether or not the product is free (Google Analytics) or costs you your first-born child (Omniture).

there are good solutions to these problems, but they’re going to be based on a new generation of web analytics startups that are based on simple metrics & actionable data, leading to explicit decisions for product & marketing to use.

and believe me, these companies won’t require $60M to get them built & profitable.

watch this space.

- dave “startup metrics” mcclure

By: Anthony Kuhn

Anthony Kuhn — Fri, 04 Apr 2008 22:11:14 +0000

This just goes to show that if you stick around long enough, you’ll eventually stumble on an acorn, or in this case, $60MM in VC funding!

By: Kravish Linckoh

Kravish Linckoh — Fri, 04 Apr 2008 21:26:27 +0000

Interesting announcement. I think it’s really telling that Coremetrics received funding from 3i, the same VC that invested in Omniture before they went public.

By: Coremetrics Gets Another $60M for Web Marketing Tools

Coremetrics Gets Another $60M for Web Marketing Tools — Fri, 04 Apr 2008 17:36:24 +0000

[...] strong: Coremetrics has raised $60 million in a fifth round of financing, according to a report on Venturebeat. This recent round was led by the 3i Group, with existing investors Accel Partners, FTVentures and [...]

By: Webanalyticsbook

Webanalyticsbook — Fri, 04 Apr 2008 17:28:41 +0000

Coremetrics is a great solution for e-retailers, b/c they have some unique functions that not even Omniture has to offer.
But it’s true: By end of this year there will be about 250 web analytics vendors out there: http://www.webanalyticsbook.com/webanalytics-vendor/