Keebo Raises $15 Million; Launches Automated Warehouse Optimization to Cut back Cloud Knowledge Warehousing Prices
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New financing and warehouse optimization options allow Keebo to proceed shaping way forward for cloud information analytics
ANN ARBOR, Mich., Oct. 20, 2022 /PRNewswire/ — Keebo, a Knowledge Studying Platform, introduced at this time it has raised a Collection A financing spherical led by True Ventures, bringing Keebo’s complete raised since inception to about $15 million. Traders so far embody Neotribe, Pear, 406 Ventures, and Uncorrelated Ventures, all of whom participated in Keebo’s Collection A, together with new investor True Ventures.
At the moment, Keebo additionally introduced its totally automated Warehouse Optimization, a novel hosted functionality that can enable companies to considerably cut back the price of their cloud warehousing – on common by 30-60% – and liberate their information groups to deal with work with clear enterprise worth reasonably than counting on handbook optimizations for his or her workload and information infrastructure.
Keebo has considerably grown its income and natural progress with extraordinarily brief gross sales cycles and nil churn. The corporate presently works with a spread of companies together with Allbirds, TUI, Barstool Sports activities, and PayJoy to cut back their warehousing prices and optimize queries so their information ops and information engineering groups can deal with rising income.
“Keebo has created the primary fully-automated information studying platform on the planet that may optimize queries and cut back infrastructure prices in a single day with out the client having to raise a finger,” stated Barzan Mozafari, founding CEO of Keebo. “There aren’t loads of merchandise on the market the place you possibly can spend half-hour setting it up after which get up the following day to see tons of of 1000’s of {dollars} in web financial savings.”
The launch of Warehouse Optimization brings Keebo one step nearer to its aim of eliminating the Working Bills (OpEx) barrier for working analytics within the cloud. Cloud information warehousing has eradicated the upfront price (CapEx) however has elevated OpEx. Corporations spend considerably extra on working cloud companies on account of a big hole between their default and optimized efficiency. To that finish, cloud information companies have develop into extremely exhausting to function and optimize as a result of complexity of recent information pipelines and shortage of specialists.
With Keebo’s Automated Warehouse Optimization, nonetheless, information engineering and information analytics groups can divert their sources from handbook optimizations to gleaning perception from their information and driving progress for his or her enterprise. Warehouse Optimization may also liberate important engineering sources that may in any other case be spent on information ops and cloud infrastructure.
“The Keebo group is fixing an extremely exhausting technical drawback whereas concurrently addressing a few of the largest challenges for any firm: cloud information price financial savings and optimization,” stated Puneet Agarwal, accomplice at True Ventures.
Knowledge groups sometimes spend 30-40% of their time on growing options that guarantee their infrastructure price and efficiency will stay cheap. Keebo’s Warehouse Optimization permits customers to do extra with much less: they’ll onboard extra purposes and information sources into their cloud information warehouse with out worrying about exceeding their finances.
“Keebo takes care of the issues that I do not wish to take into consideration or take care of,” stated Trish Pham, Head of Analytics at PayJoy, a Keebo buyer. “It requires no work on my finish. Even when I liked handbook optimization, I could not presumably obtain what Keebo achieves routinely. 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 information workloads,” stated Neeraj Hablani, Keebo board member. “It is uncommon to discover a product that’s so clearly a win for its purchasers. One buyer talked about that ‘it is like including a group of information engineers in a single day’ and one other received an award after implementing Keebo.”
“Snowflake and Redshift have made cloud information warehouses mainstream,” added Kittu Kolluri, founding accomplice at Neotribe. “Nevertheless, enterprises are confronted with mounting compute prices and efficiency latencies on account of bigger and bigger datasets. Keebo’s mission to dramatically cut back prices and enhance efficiency by way of its warehouse optimization and question acceleration platform is what attracted us to the corporate.”
The corporate’s current financing acknowledges Keebo’s constant natural progress and big market alternative, and can assist the group proceed to develop in measurement and the product to ship extra worth to its quickly rising person group.
About Keebo
Constructed on years of cutting-edge tutorial analysis in machine studying and database techniques, Keebo is the trade’s first Knowledge Studying Platform. Keebo’s turn-key know-how has allowed enterprise groups to speed up their analytical queries by as much as 100x and considerably cut back their handbook efforts and infrastructure prices with out requiring any migrations or modifications to their current purposes. Keebo is a fully-automated resolution that integrates seamlessly with current information instruments and cloud infrastructure. To study extra, go to https://keebo.ai/.
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