Billing technology provider Chargify has acquired US-based data management software developer Keen for an undisclosed sum, enabling computing technology producer Hewlett Packard Enterprise (HPE) to exit.
Founded in 2011 and formerly known as Keen IO, Keen has created a data analytics platform that allows users to collect event data from any connected electronic device, store it securely, execute detailed queries and visualise the results.
The companies had been working together on a business-to-business event billing tool that was released in tandem with the acquisition announcement.
Chargify CEO Paul Lynch said in a blog post: “The team is amazing, their product and history of streaming huge amounts of data is world class and they were the missing piece to this puzzle.”
The company had raised about $30m prior to the acquisition, most recently closing a $14.7m series B round featuring HPE’s corporate venturing subsidiary, Hewlett Packard Pathfinder, in 2016.
The round was led by Pelion Venture Partners and also featured Sequoia Capital, Techstars, 500 Startups, Rincon Venture Partners, Amplify Partners, Rothenberg Ventures, Heavybit and Galvanize Ventures.
Pelion, Sequoia, Amplify Partners and Rincon Venture Partners had previously taken part in the company’s $11.3m series A round two years earlier, alongside Cloud Power Capital and Morris Wheeler.
