Keboola Seals $4.5M Seed Spherical

  • Prague-based Keboola helps companies flip knowledge into cash with an end-to-end platform that integrates all the knowledge stack and automates all infrastructure operations

  • Its purchasers are capable of scale back employees engaged on knowledge infrastructure upkeep to zero and permits any enterprise consumer to behave on knowledge insights because of its no-code entrance finish

  • Keboola was based in 2017 and has been bootstrapped till now – the corporate expects to realize $8 million revenues in 2022 and a minimum of double that in 2023

Keboola, the data-platform-as-a-service startup, has closed a $4.5 million seed financing spherical led by Presto Ventures. Becoming a member of the spherical was Reflex Capital, the VC fund of Mall Group founder Ondřej Fryc, in addition to various outstanding angel traders, together with Eduard Kučera, founding father of Avast, and Tomáš Čupr, founding father of Rohlik Group. Up till the present spherical of funding, Keboola has been solely self-funded, having been formally based in 2017 after almost a decade working in bootstrap mode. Keboola is on observe to realize an annual subscription income (or ARR) of greater than $8 million in 2022.

Initially restricted to the biggest enterprises, the need to leverage knowledge has now reached the purpose the place a broad vary of companies – even SMEs – want to harness knowledge insights, automate knowledge processes, and construct apps to unlock the worth of knowledge. Nevertheless, business analysts constantly be aware most companies wrestle. Gartner believes 80% of organisations will fail to scale digital enterprise due to outmoded approaches to knowledge and analytics. A core barrier to progress is the value of integrating costly technical groups inside particular enterprise departments. Turning enterprise intelligence right into a product is an method which analysis by McKinsey signifies can scale back turnaround time by as a lot as 90%. However knowledge administration and infrastructure has conventionally been troublesome and costly.

Keboola’s platform addresses the challenges of complexity and price at present holding again DataOps. It delivers an end-to-end infrastructure for companies of any measurement, with a entrance finish that may be operated by any non-technical enterprise consumer and back-end API integrations for builders. By integrating all the knowledge stack and automating all infrastructure operations, Keboola reduces upkeep and administration friction and permits organisations to completely deal with turning knowledge into enterprise intelligence and new merchandise. Information engineers are supplied with a full-stack, open supply platform, which they will simply customise. Enterprise customers get a simple-to-use, no-code entrance finish. Keboola brings in style instruments from the trendy knowledge stack resembling dbt, Apache Spark, MLflow, OpenLineage, Jupyter, and Hightouch underneath one roof, with a single interface wired for enterprise governance.

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Pavel Doležal, co-founder and CEO of Keboola, stated: “We imagine within the potential of knowledge and AI to basically remodel any enterprise. However this requires tons of money and time to construct and preserve infrastructure. Immediately, solely Amazon, Google and a handful of different corporations are actually capable of profit from their knowledge. We wish to unlock the information alternative for all others.”

Keboola’s fully-scalable platform is constructed on Snowflake, which recommends Keboola as a self-service BI platform within the ‘Powered by Snowflake’ program. As well as, Keboola supplies enterprise-grade safety and governance. The platform is totally open, permitting exterior app integrations and versatile coding language choices. These traits allow broad customisation potentialities, with the choice for organisations to put in writing their very own code and parts, together with machine studying algorithms.

“The precedence is to assist purchasers flip knowledge into cash. Our platform method removes infrastructure from the equation and places the deal with the information. The result’s an answer that is sort of a luxurious automobile with each conceivable choice obtainable and the absolute best engine in Snowflake. We’re strongly influenced by our perception in openness and knowledge mesh ideas,” stated Doležal.

The corporate will use the cash to speed up development in Europe and North America. It at present counts the likes of RBI (eating places), DXC, ProductBoard, Mall Group, and Rohlik Group amongst its purchasers, in various fields resembling retail, eCommerce, advertising, monetary providers, and hospitality. Keboola expects to a minimum of double revenues in 2023.

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Use circumstances embody extra correct gross sales predictions, automation of provide chain logistics, and the dashing up of product and have improvement. Mall Group, the main e-commerce group in Central Europe, has reversed a year-long knowledge analytics backlog and is ready to produce 400+ knowledge merchandise and options per yr. Sports activities retailer Sportissimo has achieved a 5% enhance in income by making 12 million next-day gross sales predictions each day for over 38,000 merchandise in 5 nations, resulting in vital reducing of out-of-stocks and extra correct, automated provide chain logistics into 190 retail shops.

Přemysl Rubeš, founding father of lead investor Presto Ventures, stated: “The Keboola group has been forward of its time with their product. They’ve carried out a implausible job of scaling the corporate organically and turning Keboola right into a cult firm throughout the knowledge analytics and enterprise intelligence group. We’re excited to again them to speed up that development and win in a world market predicted to succeed in $655 billion by 2029.”

Keboola is a Information Platform as a Service constructed on high of Snowflake enabling prospects to speed up their knowledge tasks. Keboola believes in empowering everybody to make data-driven choices. Along with Snowflake, it supplies a singular resolution for each data-driven firm. From small corporations to enterprises, throughout the globe and all segments.

Primarily based in Prague with distant groups around the globe, Keboola was based in 2017 and has raised $4.5 million so far, with investments from Presto Ventures and a number of other outstanding angel traders.

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