The company’s offer helps clients capture, analyse, and reveal crucial information that can then feed internal analytics projects and data products.
Keboola, a Prague-based data preparation platform has secured $32 million in a Series A funding round. The capital is aimed at supporting the company’s 2024 expansion plans that include Continental Europe, the UK, and the US.
Following a $5 million Seed round closed in late 2022, Keboola’s significantly larger $32 million Series A round was led by US-based private equity firm Viking Global Investors and saw the participation of Presto Ventures, Reflex Capital, TCF Capital, and several angel investors including Czechia’s 13th wealthiest person, Avast co-founder Eduard Kučera.
The company’s offer helps clients capture, analyse, and reveal crucial information that can then feed internal analytics projects and data products such as churn prediction, logistics flow, and revenue prediction. According to the company, data projects can be established with one click and augmented as needed.
Ultimately, the goal of Keboola’s automation offer is to help clients including Czech / German retailer Rohlik Group, Publicis Groupe, Deloitte, Erste Group, BNP Paribas, and Allegro, add efficiency, citing a 10x improvement in the speed of data engineering and reduce costs.
Keboola CEO Pavel Dolezal said, “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.”