Leading artificial intelligence (AI) platform Dataiku announced that it has successfully raised around $400 million in a Series E round.
The latest investment round was spearheaded by Tiger Global. Existing investors who participated in this round include CapitalG, FirstMark, Battery Ventures, Snowflake Ventures, and Dawn Capital.
The latest round also saw a number of new investors which include Eurazeo, Insight Partners, Lightrock, and more.
How does this help Dataiku?
After the latest round, Dataiku’s valuation is towering north past the $4.6 billion figure. Dataiku enables companies to streamline the way they use data. The company lends support to over 450 companies from around the world to develop, design, and manage analytics and AI via their platform.
At present, Dataiku has over 750 employees from around the world such as London, Paris, Sydney, and Singapore.
Florian Douetteau, Dataiku’s CEO said that the latest funding round is a testament to the fact that AI is the future, and the company is looking forward to assisting more companies to identify its benefits.
The New York-based firm has said that it is roping in efforts to make AI more accessible to enterprise clients across all industries.
NXP Merck, OVH, Westpac, Ubisoft, and Unilever are some of the notable names who use Dataiku’s platform to hone their supply chain, minimize customer churn, and more.
Shift from AI Creators to AI Consumers
Businesses from around the world are increasingly turning to AI to improve their decision-making process. However, at the same time, AI and machine learning models require expertise and wide skill sets.
Platforms like Dataiku enable companies to minimize their dependency on data scientists. Besides, it allows them to transform from AI consumers to AI creators.
Earlier in 2021, Dataiku rolled out an array of tools that help companies reduce their dependence on data science teams.
Further, in June, Dataiku announced the launch of a fully managed online analytics platform which decreases the IT expenditure of companies.
More about Dataiku
Prior to this investment round, Dataiku had raised nearly $250 million spanning multiple funding rounds – the most recent one being a $100 million Series D round in 2020.
Dataiku was founded in 2013 and is predominantly known as an end-to-end platform for designing, managing, deploying AI and analytics solutions.
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