Metaplane's platform integrates with the data stack, allowing users to monitor data quality metrics such as freshness, row count, uniqueness, and nullness. The system's machine learning model trains on the data profile, using historical metadata, and then starts flagging data anomalies within a day or two. The company has grown its customer base three-fold over the past year and is already working with brands such as Bose, Sigma, Klaviyo, and ClickUp. In 2023, its ARR grew six-fold while the customer base grew three-fold to over 100 enterprises.
Key takeaways:
- Boston-based startup Metaplane has raised $13.8 million in a series A round of funding led by Felicis, with participation from Khosla Ventures, Flybridge, Y Combinator, Stage 2 Capital, B37 and SNR.
- Metaplane plans to use the funding to further develop its AI-powered data observability platform, aiming to become the most powerful and easy-to-set-up solution for data trust.
- The company's platform integrates with the data stack, allowing users to monitor data quality metrics such as freshness, row count, uniqueness and nullness, and uses machine learning to flag data anomalies.
- Despite facing competition from heavily funded players, Metaplane has seen significant growth, with its ARR growing six-fold and its customer base tripling to over 100 enterprises in 2023.