When one public company in a certain sector communicates a difficult quarter, the other companies in the sector tend to see a dip in share price. However, for private companies, it is hard to know exactly why there was an increase in costs last week — was it due to the company’s performance or happening to everyone else, too.

Varos, based in San Francisco and Tel Aviv, is shedding some light on how companies compare to their peers in terms of key performance indicators, like customer acquisition costs.

CEO Yarden Shaked founded Varos in 2021 with CTO Lior Chen and his father, Gil Shaked and was part of Y Combinator’s summer 2021 batch. They created a data-sharing tool that crowdsources data via API integrations with its customers’ tech stack. The data is pulled in real time and requires no maintenance by customers, according to Chen.

E-commerce companies are data-driven, but typically only have their own historical data to go by, Yarden Shaked told TechCrunch.

“You are flying blind — you don’t know if you are performing well or not, and you can’t answer if your KPIs are good or bad, so you don’t know what levers to pull because you don’t know what the problem is,” he added. “On the other side are the trends. If your customer acquisition cost spikes, it could be a market trend. We come in and provide that solution through data cooperation. People feed in the data, we anonymize it and give it back to you for insights.”

With Varos, it is all self-serve. Customers connect their data, it is placed into various verticals and tagged in different ways. Users get a dashboard where they can compare to, for example, an apparel company spending $100,000 a month on digital marketing with average order values of a certain amount and get a graph of how that has moved over time.

Varos founders, from left, Gil Shaked, Yarden Shaked and Lior Chen. Image Credits: Varos

One of the big hits is Varos’ Monday morning report of trends, where users see their weekly data versus weekly benchmarks. This is a new category of data analytics that helps users understand their own performance as it compares to direct competitors, Yarden Shaked added.