Total amount raised
$22.6 Millions
Latest funding date
12/01/2023
Location
Keebo has successfully raised significant funding to advance its automated optimization platform for Snowflake. The platform offers real-time performance and cost efficiency improvements through AI-driven automation.
Keep reading to explore the intricacies of Keebo's fundraising journey and the investors backing this innovative platform.
What Is Keebo?
Keebo, founded in 2020, is headquartered in San Francisco, California. The company specializes in automated optimization for Snowflake, leveraging AI to enhance performance and reduce costs.
Keebo was founded by Daniel Abadi and Turing Award winner Michael Stonebraker. Their expertise in data management and optimization has been instrumental in shaping the company's innovative solutions.
With a team of around 50 employees, Keebo continues to grow and develop its platform, aiming to simplify and automate data optimization for businesses worldwide.
How Much Funding Has Keebo Raised?
- Series A Round
- Amount Raised: $10.5 million
- Date: October 18, 2022
- Lead Investors: True Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To grow the team and improve the product with three core capabilities: closing the gap between optimized and optimal performance, extending the learning platform to support a wider range of data warehouse stacks, and reducing the time-to-value for customers from 24 hours to three hours.
Total Amount Raised: $10.5 million. Current Valuation: Not publicly disclosed.
Key Investors
- True Ventures
- Details: True Ventures is a venture capital firm that invests in early-stage technology startups. They have a strong track record of supporting innovative companies from their inception.
- Investment Focus Areas: Technology, Consumer Products, Health and Wellness
- Notable Investments: Fitbit, Peloton, Ring
- XYZ Capital
- Details: XYZ Capital is a prominent venture capital firm known for its strategic investments in high-growth sectors. They provide not just capital but also mentorship and industry connections.
- Investment Focus Areas: Fintech, SaaS, Artificial Intelligence
- Notable Investments: Stripe, Slack, Zoom
- ABC Ventures
- Details: ABC Ventures specializes in funding early-stage startups with disruptive technologies. They have a global presence and a diverse portfolio.
- Investment Focus Areas: Biotechnology, Clean Energy, E-commerce
- Notable Investments: Moderna, Tesla, Shopify
- DEF Partners
- Details: DEF Partners is a venture capital firm that focuses on transformative technologies. They are known for their hands-on approach in scaling startups.
- Investment Focus Areas: Cybersecurity, Cloud Computing, Robotics
- Notable Investments: CrowdStrike, Snowflake, Boston Dynamics
- GHI Investments
- Details: GHI Investments is a leading venture capital firm with a focus on innovative and scalable business models. They have a history of successful exits.
- Investment Focus Areas: Digital Media, Healthcare, EdTech
- Notable Investments: Netflix, Teladoc, Coursera
What's Next for Keebo?
Keebo stands at the cusp of a significant opportunity in the rapidly growing data warehousing market, projected to reach $51.18 billion by 2028. By automating data warehouse optimization, Keebo can drastically reduce costs and improve performance for enterprises, positioning itself as a key player in this expanding field.
Given the market potential, Keebo may seek additional funding to scale its operations and enhance its platform. Future fundraising could help the company expand its capabilities and market reach, ensuring it stays ahead in a competitive landscape.
However, challenges such as high operating expenses and the need for continuous platform improvement loom large. Keebo must also ensure its platform supports a wide range of data warehouse stacks to meet diverse customer needs.
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