Dataiku raises $100 million in Stripes-led Series-D funding round

Dataiku raises $100 million in Stripes-led Series-D funding round

by Pranali Mehta

Enterprise AI and machine learning platform provider, Dataiku, has reportedly raised a sum of $100 million in Series-D funding round led by Stripes, with major contribution by Tiger Global Management. The company’s existing investors comprising Dawn Capital, Battery Ventures, ICONIQ, CapitalG, and FirstMark Capital also participated in the investment round, stated sources. The raised capital intends to continue driving AI within the enterprise, aiming to serve more than 300 customers who understand the gravity of an end-to-end and collaborative AI strategy for business enhancement.

For the uninitiated, Dataiku was founded in 2013 with the mission of extending the lab-based AI and machine learning projects to everyday operations. The organization serves hundreds of customers across the globe, including Sephora, GE Aviation, Schlumberger, Unilever, BNP Paribas, Kuka, Premera Blue Cross, and Santander. The company has a global team of over 450 people working in London, Paris, New York, Frankfurt, Sydney, Dubai, Singapore, and Amsterdam.

Florian Douetteau, the Co-founder and CEO of Dataiku, has stated that the company’s leadership in enterprise AI persistently attracts world-class investors who understand that Dataiku’s clientele and solutions are truly global. He has further highlighted that Dataiku is uniquely positioned to help enterprises realize the untapped AI capabilities for transforming their businesses. AI has proven to be a crucial element of organizational success in a global enterprise market rocked by the pandemic, added Douetteau.

Paul Melchiorre, the Operating Partner at Stripes, has opined that what Stripes has witnessed in Dataiku is a commitment to developing future-proof technology for multifarious clientele along with a team of devoted professionals and a global establishment working towards safety, trust, and resilience via machine learning. Through this investment, Stripes is thrilled to be part of Dataiku’s continued success, added Melchiorre.

According to Evgenia Plotnikova, Partner at Dawn Capital, the market has consistently validated Dataiku’s collective approach as the best alternative to reap the benefits of AI through any enterprise. The agility via AI has never been a more significant capability in the organization, added Plotnikova.

 

Source Credits:

https://www.afp.com/en/news/1312/dataiku-raises-100-million-extend-leadership-enterprise-ai-market-202008230050261

Pranali Mehta

A chemical engineer by qualification, Pranali Mehta dutifully walked down the slated path and worked in a chemical firm for a year. Her passion for writing however, pushed her into experimenting with the same as a career. With over three years of experience in content writRead more...