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Kumo Emerges From Stealth To Launch Next Generation Predictive Ai For Businesses; Raises $18.5 Million In Series A Funding Led By Sequoia

PRIVATEApr 07, 2022

Amount Raised

$18.5 Million

Round Type

Series A

San Francisco

Investors

SV Angel

Description

Kumo, a new SaaS AI platform for the modern data stack that allows businesses to make faster, simpler, and smarter predictions, today announced it has emerged from stealth with $18.5 million in Series A funding led by Sequoia Capital, with additional participation from A Capital, SV Angel, Ron Conway, Igor Perisic (Google), Li Fan (CTO, Circle), Tristan Hardy (CEO, dbt Labs), Sridhar Ramaswamy (CEO, Neeva), Greg Greeley (President & COO, Opentrons), Rob Eldridge (Tapas Capital), David Chaiken (Chief Architect, Pinterest), and Cory Scott (CISO, Confluent). Kumo will use the new funding to continue its hiring efforts, scale its leading AI technology, and invest in R&D efforts to expand its platform and services.

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Company Information

Company

Kumo

Location

San Francisco, California, United States

About

Kumo is a venture-backed, innovative SaaS AI platform for the modern data stack that allows businesses to make faster, simpler, and smarter predictions. Founded by several pre-eminent AI executives from companies like Pinterest, Airbnb, and LinkedIn, the core technology that underpins Kumo’s product has been in development for the past five years through Stanford/Dortmund labs and PyG open-source software. With Kumo, the platform makes graph learning easy to use – so any business can leverage the power of graph-based AI to better their business. To learn more, visit kumo.ai. _______________________ 1 Reference 2 Reference 3 Reference 4 Reference

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Kumo raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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