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The private equity division of Viking Global Investors led a $32 million Series A funding round for the self-service data operations platform Keboola. Connecting and integrating all company data into a single end-to-end Data Stack as a Service is Keboola's aim. Customers now have complete control over their data on a single platform thanks to this innovative Data Stack methodology.
The noteworthy funding expands upon a USD $5 million Seed round that was concluded in 2022. The $32 million investment, as of November 2023, represents the largest Series A financing in the Central European (CE) market.
“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, Keboola’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.”
For users to be empowered to handle any kind of data task, from straightforward self-service workflow orchestration to intricate AI industrialization initiatives, managed and governed data are essential. With Keboola's patented solutions, customers can connect, transform, and automate their data, increasing productivity, cutting expenses, and freeing up engineers to concentrate on the highest-value tasks.
The European retail unicorn Rohlik Group, also known as Knuspr in Germany, developed its whole data infrastructure on Keboola. With the platform's leverage and automation, a data team consisting of just thirty people can manage one million deliveries per day.
“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.
Allegro, BNP Paribas, Erste Group, Publicis Groupe, and Deloitte are a few more well-known clients. The American restaurant chain Firehouse Subs is a prime example of Keboola's added value; by using Keboola to handle all of its 1,200+ franchises' data needs, it saves thousands of hours of work.
Keboola was developed with the end user in mind, which is something data teams adore. It is widely used as a learning solution to introduce new people to the world of data, creating a legion of followers who fell in love with Keboola early in their careers and continue to rely on the platform to tackle their data challenges.
Presto Ventures, Reflex Capital, TCF Capital, and other well-known angel investors like Eduard Kucera are among the prior investment firms and angel investors that are participating in the round.