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AI and machine learning company Dataiku raises $ 400 million

Dataiku, the developer of AI and machine learning platforms, has raised $ 400 million in a Series E funding round. This brings the company’s total funding to $ 646.8 million and a pre-valuation of $ 4.6 billion.

Founded in 2013 and based in New York, Dataiku said it will apply new funding to expand its employee list and accelerate its “mission to systematize data and AI use” by its customers. ..

The funding round was led by Tiger Global with the participation of existing investors ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures and Dawn Capital. New investors included Insight Partners, Eurazeo, Lightrock, and Datadog CEO Oliver Pomel.

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The Dataiku platform is used by data scientists and data engineers to design, deploy, and manage AI and analytics applications. The company’s software is applied in a wide range of use cases, including fraud detection, customer attrition prevention, predictive maintenance, and supply chain optimization.

The company currently has more than 450 customers, including Unilever, Pfizer, Cisco Systems, Merck and Schlumberger (up more than 50% year-on-year).

“Organizations using Dataiku, whether technical and code-based, low-code or no-code on the business side, take employees to an extraordinary level and use data to make daily decisions. It has the ability to improve decisions, “Dataiku co-founder and CEO Florian Douetteau said in a statement. “This latest funding proves that everyday AI is the future, and we’re happy to help more companies realize their benefits.”

Dataiku currently has 750 employees in offices in New York, Paris, London, Munich, Sydney and Singapore.

The company works with a variety of market entry partners, including analytical consultants such as BlueShift and Keyrus and solution providers such as Accenture, Axis Group and Deloitte.

Dataiku is closely associated with data cloud giant Snowflake. In addition to previous investments from Snowflake Ventures in April and investments in this latest funding round, Snowflake in June certified Dataiku as a Data Science Partner of the Year.

“Snowflake and Dataiku share a vision of simplifying and enhancing data science workflows and unleashing the power of advanced analytics for businesses everywhere,” said Stefan Williams of Snowflake Ventures in a statement. “As a trusted partner, we have deployed joint solutions to dozens of shared customers. We are proud to be able to literally invest in their future success through Snowflake Ventures.”

“We have found that implementing an AI strategy where data is part of our day-to-day operations can have a large impact on our organization across sectors and scales. Dataiku is in a position to continue to support companies. Yes, Tiger Global partner John Curtius said in a statement: “We are excited to be part of their mission to systematize data and AI through ongoing investment. . “

AI and machine learning company Dataiku raises $ 400 million

Source link AI and machine learning company Dataiku raises $ 400 million

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