Chattanooga's Skuid raises $25 million in new financing, report says

March 13, 2017 at 12:56 p.m. | Updated March 13, 2017 at 3:40 p.m.

by Staff Report

Andy Golden, Patricia Diaz and Charlie Moss, from left, with Skuid, talk during the Spirit of Innovation Awards luncheon and expo Wednesday, Nov. 9, 2016 at the Chattanooga Convention Center.
Andy Golden, Patricia Diaz and Charlie Moss, from left, with Skuid, talk during the Spirit of Innovation Awards luncheon and expo Wednesday, Nov. 9, 2016 at the Chattanooga Convention Center.

Chattanooga-based cloud software company Skuid has raised $25 million in new financing, according to TechCrunch.

The company has done so pitching codeless user interface that allows anyone in a business to develop applications for business intelligence.

Ken McElrath, the chief executive and founder of Skuid, said the financing from new investor Iconiq (the money manager for the family wealth of entrepreneurs like Mark Zuckerberg) and previous investor K1 Investment Management would be used to further develop the company's technology, according to TechCrunch.

Skuid has about 150 employees, including more than half that number in Chattanooga.

See more in Tuesday's Times Free Press.

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