Cumul.io has secured €10 million in venture capital to hire staff and expand into new markets. The Belgium-based firm develops a low-code platform for analytics and data visualization.
The investment brings Cumul.io’s total funding to €13.1 million. The round was led by French venture capitalist Hi Inov-Dentressangle and included participation from Axeleo Capital, LRM and SmartFin.
Cumul.io provides a low-code platform for analytics and data visualization. Product managers and customer teams can create and visualize interactive analytics using drag-and-drop interfaces. A dashboard provides users with understandable insights to improve daily operations.
The firm plans to use the investment to hire staff. At present, the company employs 40 professionals across offices in Leuven, Ghent and New York. In addition, Cumul.io wants to use the funding to expand into markets outside its European home. More than a third of the company’s revenue already comes from the United States.