Eppo, a San Francisco, CA-based next-gen A/B experimentation platform bringing the high experiment velocity of Airbnb, Netflix, and Facebook to all companies, announced $19.5 million in funding, consisting of a newly closed $16 million in Series A and a previously unannounced $3.5 million in Seed round.
Menlo Ventures led the Series A round with participation from Seed leader Amplify Partners and angel investors from Airbnb and the Reforge Community.
The funding will be used to make key hires in engineering and product development while accelerating product momentum.
Company: Eppo, Inc.
Raised: $19.5M
Round: Series A and Seed Round
Funding Month: June 2022
Lead Investors: Menlo Ventures
Additional Investors: Amplify Partners
Company Website: https://www.geteppo.com/
Software Category: A/B experimentation platform
About the Company: Created by Chetan Sharma, an early member of Airbnb’s Data Science Team, to help data teams at companies of all sizes tap into the tooling and capabilities that only larger ones enjoyed. Eppo is a next-generation A/B experimentation platform that enables the world's fastest-growing companies to tie product development efforts to revenue and growth instead of clicks. The last great generation of technology companies each won their markets amidst a recession via significant investments in online experimentation infrastructure, including Airbnb, Netflix, Uber, and Facebook. Eppo democratizes the capabilities of these companies and extends them to power SaaS and B2B companies with signal-boosting statistical methods, automated diagnostics, and deep analysis of underlying trends. All of these capabilities are built native to the modern data stack, preserving customer privacy by not requiring individually identifiable data to be sent to a 3rd party.
Source: https://www.geteppo.com/blog/series-a https://www.prweb.com/releases/2022/6/prweb18751519.htm