A 32 million US dollars investment in Keboola is the biggest Series A round in the Central Europe region so far in 2023.
It’s one of the biggest funding rounds in emerging Europe this year, and confirmation that Keboola, a Czech firm whose mission is to connect and integrate all company data in one end-to-end Data Stack as a Service, is on to something.
The self-service data operations platform, founded in 2017, last week pulled in 32 million US dollars in a Series A funding round, led by the private equity business of Viking Global Investors.
All previous investment firms and angel investors are joining the round, including Presto Ventures, Reflex Capital, TCF Capital, and prominent angel investors such as Eduard Kucera.
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Keboola says that its new approach to the data stack puts customers in full control of their data with a single platform. Investors clearly agree. This significant new funding builds on a five million US dollars seed round, closed in 2022.
“This investment will help Keboola accelerate our strategic growth as we expand in the European and the UK markets and position for US expansion in 2024,” says Pavel Dolezal, the start-up’s CEO.
“We have been gratified by the feedback we’ve received from our clients who feel they now have full control of their data and processes in ways they didn’t before, and have been encouraged that many customers have found Keboola useful across business AI initiatives, which we expect to continue to drive demand for our platform.”
Better business decisions
Managed and governed data are critical to empowering users with any type of data task—from a simple self-service workflow orchestration all the way to complex AI industrialisation projects.
Customers can connect, transform, and automate their data with Keboola’s proprietary technologies, adding efficiency, reducing costs, and enabling technologists to focus on the highest-value work.
European retail unicorn Rohlik Group (known as Knuspr in Germany) built its whole data infrastructure on Keboola, where the platform provides enough leverage and automation for one million deliveries per day to be managed by a data team of only thirty people.
“Our entire data stack relies on Keboola. The simplicity it provides enables us to roll out data quickly across the company and empower users to make better business decisions,” says Tomas Cupr, CEO of Rohlik Group.
Other notable customers include Publicis Groupe, Deloitte, Erste Group, BNP Paribas, or Allegro. A good example of Keboola’s added value is an American restaurant chain Firehouse Subs, which supports all data needs of more than 1,200 franchises through Keboola, saving thousands of hours in the process.
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