Keebo Raises $15M; Launches Automated Warehouse Optimization

ANN ARBOR, Mich., Oct. 21, 2022 — Keebo, a Knowledge Studying Platform, introduced it has raised a Sequence A financing spherical led by True Ventures, bringing Keebo’s complete raised since inception to about $15 million. Traders thus far embody Neotribe, Pear, 406 Ventures, and Uncorrelated Ventures, all of whom participated in Keebo’s Sequence A, together with new investor True Ventures.

As we speak, Keebo additionally introduced its absolutely automated Warehouse Optimization, a novel hosted functionality that may permit companies to considerably scale back the price of their cloud warehousing – on common by 30-60% – and unencumber their knowledge groups to deal with work with clear enterprise worth moderately than counting on handbook optimizations for his or her workload and knowledge infrastructure.

Keebo has considerably grown its income and natural development with extraordinarily brief gross sales cycles and 0 churn. The corporate at present works with a variety of companies together with Allbirds, TUI, Barstool Sports activities, and PayJoy to scale back their warehousing prices and optimize queries so their knowledge ops and knowledge engineering groups can deal with rising income.

“Keebo has created the primary fully-automated knowledge studying platform on the planet that may optimize queries and scale back infrastructure prices in a single day with out the client having to carry a finger,” mentioned Barzan Mozafari, founding CEO of Keebo. “There aren’t quite a lot of merchandise on the market the place you’ll be able to spend half-hour setting it up after which get up the following day to see a whole lot of hundreds of {dollars} in internet financial savings.”

The launch of Warehouse Optimization brings Keebo one step nearer to its purpose of eliminating the Working Bills (OpEx) barrier for operating analytics within the cloud. Cloud knowledge warehousing has eradicated the upfront value (CapEx) however has elevated OpEx. Corporations spend considerably extra on working cloud providers as a result of a big hole between their default and optimized efficiency. To that finish, cloud knowledge providers have turn out to be extremely exhausting to function and optimize because of the complexity of recent knowledge pipelines and shortage of specialists.

With Keebo’s Automated Warehouse Optimization, nevertheless, knowledge engineering and knowledge analytics groups can divert their assets from handbook optimizations to gleaning perception from their knowledge and driving development for his or her enterprise. Warehouse Optimization may even unencumber important engineering assets that might in any other case be spent on knowledge ops and cloud infrastructure.

“The Keebo workforce is fixing an extremely exhausting technical downside whereas concurrently addressing among the greatest challenges for any firm: cloud knowledge value financial savings and optimization,” mentioned Puneet Agarwal, companion at True Ventures.

Knowledge groups sometimes spend 30-40% of their time on growing options that guarantee their infrastructure value and efficiency will stay affordable. Keebo’s Warehouse Optimization permits customers to do extra with much less: they’ll onboard extra functions and knowledge sources into their cloud knowledge warehouse with out worrying about exceeding their price range.

“Keebo takes care of the issues that I don’t need to take into consideration or take care of,” mentioned Trish Pham, Head of Analytics at PayJoy, a Keebo buyer. “It requires no work on my finish. Even when I cherished handbook optimization, I couldn’t probably obtain what Keebo achieves robotically. I log in for a couple of minutes each few weeks simply to see what Keebo is saving us. I used to spend hours on handbook optimizations each week.”

“In half-hour and three clicks, Keebo begins to optimize your knowledge workloads,” mentioned Neeraj Hablani, Keebo board member. “It’s uncommon to discover a product that’s so clearly a win for its purchasers. One buyer talked about that ‘it’s like including a workforce of information engineers in a single day’ and one other gained an award after implementing Keebo.”

“Snowflake and Redshift have made cloud knowledge warehouses mainstream,” added Kittu Kolluri, founding companion at Neotribe. “Nonetheless, enterprises are confronted with mounting compute prices and efficiency latencies as a result of bigger and bigger datasets. Keebo’s mission to dramatically scale back prices and enhance efficiency by means of its warehouse optimization and question acceleration platform is what attracted us to the corporate.”

The corporate’s latest financing acknowledges Keebo’s constant natural development and big market alternative, and can assist the workforce proceed to develop in dimension and the product to ship extra worth to its quickly rising consumer neighborhood.

About Keebo

Constructed on years of cutting-edge educational analysis in machine studying and database techniques, Keebo is the business’s first Knowledge Studying Platform. Keebo’s turn-key expertise has allowed enterprise groups to speed up their analytical queries by as much as 100x and considerably scale back their handbook efforts and infrastructure prices with out requiring any migrations or modifications to their present functions. Keebo is a fully-automated resolution that integrates seamlessly with present knowledge instruments and cloud infrastructure. To be taught extra, go to https://keebo.ai.

Supply: Keebo