Kubit, a San Francisco, CA-based leading innovator in the product analytics industry, raised $18 million in Series A funding.
The round was led by New York-based global venture capital and private equity firm Insight Partners, with participation from existing investors Shasta Ventures and TSVC. The round quickly follows the company's $6M seed announcement and 50X growth in 2021.
This investment will be used to strengthen Kubit's position as the Self-Service Product Analytics category leader.
Company: Kubit AI, Inc.
Raised: $18.0M
Round: Series A
Funding Month: April 2022
Lead Investors: Insight Partners
Additional Investors: Shasta Ventures and TSVC
Company Website: https://www.kubit.ai/
Software Category: Product Analytics platform
About the Company: Founded in 2018, Kubit is the only Transparent Product Analytics platform that works with any cloud data warehouse through No-ETL integration. They help product people optimize user acquisition, engagement, and retention through Self-Service analytics. Kubit has enabled Paramount/ViacomCBS, Quizlet, Wish, and many more enterprises to gain insights about user behavior, measure campaigns, and A/B tests, and also drive engagement and retention. They beat siloed blackboxes like Amplitude and Mixpanel with No-ETL integration and can directly use customers' existing data model to provide complete transparency and data freedom. Kubit has become an enterprise favorite in the product analytics space by providing a revolutionary No-Code solution to Self-Service analytics.
Source: https://www.kubit.ai/blog/kubit-series-a