Dataiku, a global enterprise artificial intelligence (AI) and machine learning platform provider, has secured a $100 million (€84 million) Series D investment round.
This was led by Stripes, with major investment by Tiger Global Management and participation from existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ. The funding comes as Dataiku continues to drive AI within the enterprise, serving more than 300 customers who understand that a collaborative and end-to-end AI strategy is critical to their success.
“Our leadership in enterprise AI continues to attract world-class investors who understand that Dataiku’s solution and customer base are truly global and that we’re uniquely positioned to help businesses realise the untapped potential for AI to transform the enterprise,” says Florian Douetteau, co-founder and CEO of Dataiku. “In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organisational success driving business growth in every major vertical market.”
Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations that are woven into the fabric of a company. Dataiku serves hundreds of customers worldwide, including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander. Its team has grown to more than 450 people worldwide in New York, Paris, London, Frankfurt, Dubai, Amsterdam, Sydney, and Singapore.
“The progression of AI in the enterprise has moved rapidly from experimentation to real-life implementations at scale in 2020, and Dataiku is at the forefront of that shift with the most comprehensive, secure and enterprise ready product we have seen in our extensive research into this market,” says Ron Shah, partner at Stripes.
“What we’ve seen in Dataiku is not only a commitment to developing future-proof technology for customers ranging across nearly every major industry and geography, but perhaps more importantly, a team of dedicated professionals and global organisation working to ensure trust, safety and resilience through machine learning. We’re excited to be a part of their continued success through this investment,” adds Paul Melchiorre, operating partner at Stripes.
“The market has continued to validate Dataiku’s collaborative approach as the best way to reap the benefits of AI throughout any organisation,” comments Evgenia Plotnikova, partner at Dawn Capital. “And agility through AI has never been a more important capability in the enterprise.”
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