Kumo, the SaaS AI platform that allows businesses to make smart predictions has emerged as a stealth startup with $18.5 million in Series A funding.
The round was led by Sequoia Capital, with 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).
The company intends to use the funds to continue its hiring efforts, scale its AI technology, and invest in R&D efforts to expand its platform and services.
Vanja Josifovski (former Airbnb CTO Homes), Pinterest CTO Google and Jure Leskovec (Stanford Professor, former Pinterest Chief Scientist) co-founded Kumo, which provides an AI platform for modern data stacks that allows businesses make smart predictions. 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, the world’s most widely used graph neural network learning platform.