Czech Keboola Secures $32M Series A Funding for Global Expansion

Published: 07.12.2023 Related countries:  U.S.A. U.S.A.

Prague-based data startup, Keboola, has raised $32 million in a Series A funding round to fuel its expansion into Continental Europe, the UK, and the US in 2024. Led by Viking Global Investors, the funding includes participation from Presto Ventures, Reflex Capital, TCF Capital, and cybersecurity gigant Avast co-founder Eduard Kučera.

Keboola specializes in data preparation, offering a solution for capturing, analyzing, and revealing crucial information for internal analytics projects. The platform emphasizes the ease of establishing data projects with a single click, allowing for flexible augmentation.

In a world where "every company is a technology company," Keboola addresses the rising demand for reliable and accurate data, crucial for AI-powered projects across industries. Notable clients benefiting from Keboola's automation include Rohlik Group, Publicis Groupe, Deloitte, Erste Group, BNP Paribas, and Allegro. The platform claims a 10x improvement in the speed of data engineering, enhancing efficiency and reducing costs.

Source: Tech.EU

Prepared by the CzechTrade and CzechInvest team in San Francisco