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Predictive Ai Startup Kumo Raises $18 Million In Series B Funding Led By Sequoia Capital; Will Broadly Roll Out First Version Of Its Product On October 16

PRIVATESep 27, 2022

Amount Raised

$18 Million

Round Type

Series B

Mountain ViewInformation TechnologySoftwareMedia And EntertainmentData And AnalyticsMobileCommerce And ShoppingAppsSales And MarketingPlatforms

Investors

SV Angel

Description

Kumo, a graph machine learning-centered AI platform that allows anyone in an organization to harness the power of data to make faster, simpler, and smarter predictions, today announced it has raised $18 million in Series B funding led by Sequoia Capital and on October 16, anyone can sign up for Kumo’s first release of the product via Kumo’s website. This latest round also includes participation and/or advisorship from existing and new investors including A Capital, SV Angel, Ron Conway, Michael Ovitz, Frank Slootman, Kevin Hartz, Clement Delangue, and Michael Stoppelman, among others. Kumo will use the new funding to continue its hiring efforts, bring its leading AI technology to more companies, and invest in R&D efforts to expand its platform and services. On October 16, anyone can sign up for Kumo’s first release of the product via Kumo’s website.

Company Information

Company

Kumo AI

Location

Mountain View, California, United States

About

Kumo AI specializes in developing predictive models designed to optimize and automate various business processes. The company's technology aims to enhance efficiency by significantly reducing manual interventions. They are recognized for their innovative solutions in AI-driven data analytics.

Fundz sees it the moment Kumo AI raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Verified contactsJure L., Co-Founder and Chief Scientist hidden hidden hiddenSee plans and pricing
Predictive Intelligence
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Funding Insights

What this usually means
Timeline to next round
Series B companies typically work for 15-20 months before raising new capital
Growth expectations
Series B companies are expected to scale rapidly and expand market reach

Kumo AI 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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