Prague-based data preparation platform Keboola raises $32 million in series A round funding. This round was led by the private equity business of Viking Global Investors. Keboola’s mission is to connect and integrate all company data in one end-to-end Data Stack as a Service.
This new approach to the Data Stack puts customers in full control of their data with a single platform. The significant funding builds on a USD $5 million Seed round closed in 2022. As of November 2023, the $32M investment marks the biggest Series A round in the CE (Central Europe) region in 2023.
Pavel Dolezal, Keboola’s CEO said, “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, 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.”
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.
Tomas Cupr, CEO of Rohlik Group said, “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, 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 1,200+ franchises through Keboola, saving thousands of hours in the process.
All previous investment firms and angel investors are joining the round, including Presto Ventures, Reflex Capital, TCF Capital, and prominent angel investors like Eduard Kucera and others.
At Keboola, they encourage a fast-paced, stimulating, and enjoyable atmosphere in order to embrace the current state of startup culture. They always make sure that our employees’ voices are heard and steer clear of bureaucracies and procedures that are just there to tick boxes.