Keebo, a data learning platform, has announced that it raised $10.5 million in Series A funding. The company is building a cloud solution that automates and accelerates analytics efforts and delivers significant time and cost savings. The round was led by True Ventures. Existing investors Neotribe, Pear, 406 Ventures, and Uncorrelated Ventures also participated in the round. This brings Keebo's total funding to about $15 million.
Keebo, which is based in Ann Arbor with offices in Silicon Valley, has been growing significantly since it was founded in 2019. Its platform helps brands like Allbirds, TUI, Barstool Sports and PayJoy reduce warehousing costs and optimize queries. The company has grown its revenue and organic growth with short sales cycles and zero churn.
"Keebo has created the first fully-automated data learning platform on the planet that can optimize queries and reduce infrastructure costs overnight without the customer having to lift a finger," Barzan Mozafari, founding CEO of Keebo, said in a press release. "There aren't a lot of products out there where you can spend 30 minutes setting it up and then wake up the next day to see hundreds of thousands of dollars in net savings."
With this funding announcement also comes the launch of Keebo's fully automated Warehouse Optimization, which allows businesses to reduce the cost of their cloud warehousing on average by 30 - 60%. Keebo's platform helps free up data teams so they can focus on work with clear business value rather than spending time on manual optimizations.
This launch brings Keebo one step closer to its goal of eliminating the Operating Expenses (OpEx) barrier for running analytics in the cloud. Companies are spending significantly more on operating cloud services, which have become incredibly hard to operate and optimize due to the complexity of modern data pipelines and scarcity of experts. Keebo's Automated Warehouse Optimization will help data engineering and data analytics teams focus on gleaning insight from data as opposed to manual optimizations, helping them drive growth for their business. And it can all be done in 30 minutes and 3 clicks.
"The Keebo team is solving an incredibly hard technical problem while simultaneously addressing some of the biggest challenges for any company: cloud data cost savings and optimization," said Puneet Agarwal, partner at True Ventures.
This new funding is a testament to Keebo's consistent organic growth and massive market opportunity, and it will help the team continue to grow headcount and product offering.
Keebo is hiring for positions in Ann Arbor, the Bay Area, or fully remote.