Unusual Ventures is excited to announce that we have partnered with Kloud.io to bring simple data access to financial analysts and increase productivity across enterprises. We are thrilled to lead their $4M seed funding round in partnership with Firebolt Ventures and Jason Calacanis.
Kloud.io, a spreadsheet-based application, enables financial analysts to automate routine processes and directly access data from multiple sources, such as Salesforce, Oracle, NetSuite, and more. Through Kloud.io, a financial analyst can enable the automation of data integration and transfer without involving the data engineering team and/or leaving their spreadsheet applications such as Microsoft Excel, Google Sheets, Smartsheet, or Airtable. By eliminating a data middle man, Kloud.io has greatly reduced inefficiencies and enabled financial professionals to be 10x more productive. One customer, a video streaming giant, estimates that since implementing Kloud.io, it has saved engineering teams 10,000 hours annually — the equivalent of 5 full-time engineers — which in turn has increased the productivity of financial analysts.
We were excited about the opportunity to partner with the Kloud.io founders, Sathish Raju and Krishna Bhat, from our first meeting. Team Unusual had been looking for product builders with a vision for how this space would evolve over the next decade, and Krishna and Sathish have unique insights given their experience as data engineers and solution architects. They were looking for an investment partner who believed in their abilities and could specifically help them with their goals of growing their team and increasing traction over the next 18 to 24 months. We all felt Unusual’s early stage strategy and founder services — Unusual Academy and the Get Ahead Platform (GAP) — would provide Kloud.io a distinct advantage. Additionally, we were impressed by the traction the Kloud.io team has achieved with its customers, including Rakuten Rewards, Oyo Rooms, ICGAM, and Endurance. Kloud.io’s customers raved about its product and we heard consistently that it is a game changer for the modern enterprise.
We believe the Kloud.io team is early on in their journey to building a disruptive and enduring company. In the short time we’ve worked with them, they’ve embraced our Unusual approach and are already seeing results, such as attracting top talent to help them deliver on Kloud.io’s vision. We’re excited to see what’s in store for Kloud.io and are humbled to be partners with them. Onward!
Read more about Kloud.io’s seed announcement
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