Total amount raised
$22.2 Millions
Latest funding date
5/1/2024
Location
Metaplane has successfully raised $13 million over multiple funding rounds, with the latest round closing on May 15, 2024. The platform specializes in data observability, offering features like automatic anomaly detection, column-level lineage, and incident prevention.
Keep reading to explore the intricacies of Metaplane's fundraising journey and the investors backing this innovative platform.
What Is Metaplane?
Founded in 2019, Metaplane is a data observability company based in Boston, Massachusetts. The company was established by Guru Mahendran, Kevin Hu, and Peter Casinelli.
Metaplane specializes in ensuring trust in business data through automatic anomaly detection, column-level lineage, and incident prevention. Their platform is designed to monitor modern data stacks, identify normal behavior, and alert the right people when issues arise.
With a team of 101-250 employees, Metaplane continues to innovate in the field of data observability, helping organizations maintain data quality and reliability.
How Much Funding Has Metaplane Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: March 2020
- Lead Investors: Y Combinator
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their data observability platform.
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2021
- Lead Investors: Flybridge
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop and refine their platform.
- Seed Round
- Amount Raised: $8.4M
- Date: January 2023
- Lead Investors: Khosla Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate product development.
- Series A
- Amount Raised: $13.8M
- Date: March 2024
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand operations and development efforts.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: May 2024
- Lead Investors: Snowflake Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance AI-driven data anomaly detection capabilities.
Total Amount Raised: $22.2M. Current Valuation: Not publicly disclosed.
Key Investors
- Snowflake Ventures
- Details: Snowflake Ventures is the venture capital arm of Snowflake Inc., a company known for its cloud-based data warehousing solutions. They focus on investing in companies that complement Snowflake's ecosystem.
- Investment Focus Areas: Data cloud technologies, data analytics, data management.
- Notable Investments: DataRobot, Lacework, Alation.
- Felicis
- Details: Felicis is a venture capital firm that invests in early-stage companies across various sectors. They are known for their hands-on approach and support for their portfolio companies.
- Investment Focus Areas: Consumer, enterprise, healthcare, frontier technologies.
- Notable Investments: Shopify, Fitbit, Plaid.
- Khosla Ventures
- Details: Founded by Vinod Khosla, Khosla Ventures is a venture capital firm that focuses on impactful technology and sustainability investments. They have a strong track record in backing disruptive companies.
- Investment Focus Areas: Technology, healthcare, sustainability.
- Notable Investments: Square, DoorDash, Impossible Foods.
- Flybridge
- Details: Flybridge is a seed-stage venture capital firm that supports early-stage technology startups. They are known for their collaborative approach and extensive network.
- Investment Focus Areas: Consumer, enterprise, healthcare.
- Notable Investments: MongoDB, Firebase, Codecademy.
- Y Combinator
- Details: Y Combinator is a startup accelerator that provides seed funding and mentorship to early-stage startups. They have a reputation for nurturing some of the most successful tech companies.
- Investment Focus Areas: Software, hardware, biotech.
- Notable Investments: Airbnb, Dropbox, Stripe.
What's Next for Metaplane?
Metaplane's future looks promising as they continue to expand their operations and enhance their data observability platform. With a customer base that tripled in 2023, the company is well-positioned to capitalize on the growing demand for data quality solutions. The involvement of high-profile investors like Felicis and Khosla Ventures underscores the significant market potential and financial backing available to Metaplane.
Future fundraising opportunities are likely, with potential Series B rounds on the horizon to support further growth and development. However, Metaplane will need to navigate challenges such as increasing competition and maintaining service quality as they scale. Keeping pace with rapidly evolving data technologies will also be crucial for their continued success.
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