SAN FRANCISCO--(BUSINESS WIRE)--Keen IO, the leader in cloud analytics, today announced it has closed $14.7 million in a Series B financing round. This funding brings Keen’s total capital raised to date to approximately $30 million and supports the company’s accelerating global growth in the enterprise.
Keen now provides service to more than 3,000 customers and recently crossed the 50,000 developer milestone. The Keen platform has been integrated across a wide range of categories, including mobile, gaming, e-commerce, media, IoT and retail. The company also recently launched Native Analytics, a comprehensive product offering enabling customers to white-label real-time analytics and custom visualizations at Keen IO scale.
“We are thrilled to announce this financing and welcome these visionary investors as partners to our team,” said Kyle Wild, CEO and co-founder of Keen IO. “Our original vision of making the world’s best data science tools available to all developers is continuing to bear fruit. We now see our platform taking hold as an ‘Intelligence API’. In our fast-moving, hyper-connected world, everything that connects to Keen’s API becomes more intelligent through the power of data science.”
Investors Align to Make Keen IO the Standard for Cloud Analytics
Keen IO’s Series B attracted a prolific group of investors. The round was led by Pelion Venture Partners, with continued participation by Sequoia Capital, who led the Series A financing. Several other institutional investors, including Rincon Venture Partners, Amplify Partners, and Rothenberg Ventures, also participated, joining original seed investors Techstars, 500 Startups, Heavybit, and Galvanize Ventures.
“Keen IO is providing the best of breed data and analytics platform for the API economy,” said Ben Dahl, partner at Pelion Venture Partners who will join the board of directors as part of this financing. “We see expansive potential for the impact Keen can have as it continues to scale its footprint from the mid-market to the enterprise, empowering its customers to have analytics as a core competency.”
Hewlett Packard Pathfinder joined the Series B as a strategic investor and partner.
“As part of Hewlett Packard Pathfinder’s mission, we invest and partner with innovative startups like Keen to help them scale while meeting the needs of our enterprise customers,” said Lak Ananth, managing director of Hewlett Packard Pathfinder. “Keen uniquely addresses the need for our enterprise customers to embed analytics effortlessly and ubiquitously into their applications.”
The Next Phase of Growth for Keen IO and the Intelligence API
The company hosts a highly scalable cloud API that allows companies to collect, enrich, pipe, store, and analyze custom event data. Customers integrate Keen into all parts of their internal business infrastructure, marketing pipeline, and customer-facing products.
“We are seeing accelerated adoption of Keen’s Intelligence API,” said Will O’Brien, COO of Keen IO. “We are experiencing rapid growth of new accounts and new industries, while at the same time our existing customers are finding new use cases and integrating Keen in every part of their digital ecosystem. We are honored to be a core partner to their amazing and innovative journeys, and this financing will enable us to meet the increasing market demand even faster.”
Keen employs 50 people and is headquartered in San Francisco.
// About Keen IO
Founded in 2011, Keen IO (https://keen.io/) is the leading cloud analytics platform used by more than 3,000 customers to collect, enrich, pipe, store, and analyze custom event data at a truly massive scale. The company has raised approximately $30 million in venture capital from Sequoia Capital, Pelion Venture Partners, Hewlett Packard Enterprise, Rothenberg Ventures, and other institutional investors. Keen IO is a core platform to customers in a variety of industries, including media, e-commerce, adTech, gaming, IoT and retail. The company’s cloud analytics API queries trillions of events daily, with operational performance required by the enterprise. Keen hosts an open-source visualization library that is the largest of any private company with over 900 forks and 8,500 stars on GitHub.