Dataiku’s Valuation Touches $4.6 Billion after Raising $400 Million in Series E Round

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. 

SEE ALSO: Hootsuite Acquires AI Tech Firm Heyday for CA $60 Million

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.

SEE ALSO: Tech Ecommerce Startup Fabric Raises $100 Million in Latest Funding Round

Image Source: rawpixel.com

Karandeep V

Karandeep was born in Pune, Maharashtra, an upcoming metropolitan city in the Western region of India. While most members of his family are engineers, he had different ideas. He was more inclined toward exploring the non-technical aspects of a business, which is why he studied Bachelors of Business Administration at Symbiosis International University, Pune.  Having said that, his love for new and upcoming technologies remained intact, which is why he has written extensively about technology throughout his career. After a brief stint with a gaming company at the beginning of his career, he discovered that his love for writing was not temporary.  Being a tech geek, he always liked installing and playing around with new applications on his mobile devices and the home desktop. He was fascinated by how technology can simplify even the most mundane and complex tasks with just a few commands. He keeps a close eye on how businesses use different tools to streamline their operations to boost productivity and efficiency.  At ToolsMetric, he writes product reviews that cover the main features and specifications of different enterprise applications. The sheer amount of innovation and hard work that goes into building these tech solutions is one of the reasons why Karandeep loves reviewing these tools. Besides product reviews, he also writes interesting news articles and blogs that track the latest developments in the tech industry.  When he is not writing, you can find him rooted to his seat playing video games, watching movies, or supporting his favorite football team. Since his childhood, he has always loved to travel and explore new places. Traveling is a major part of his life due to a myriad of reasons such as experiencing new cultures, food, and traditions. His other hobbies include playing football, cooking, and running.  You can find him on LinkedIn here.

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