AI & IoT

Artificial Intelligence (AI) Computer systems and software that are able to perform tasks normally requiring human intelligence. Internet of Things (IoT / IIoT) - Network of physical devices embedded with electronics & software resulting in reduced human exertions in industrial and domestic applications.

Dataiku Raises $101 Million Series C to Transform and Democratize Enterprise AI Globally

20-Dec-2018
Dataiku Raises $101 Million Series C to Transform and Democratize Enterprise AI Globally
Dataiku Inc., one of the world’s leading enterprise data science and machine learning platforms, today announced a $101 million Series C funding round led by ICONIQ Capital and supported by Alven Capital, Battery Ventures, Dawn Capital, and FirstMark Capital. This announcement follows the company’s $28 million Series B in September 2017 and the release of Dataiku 5 in September 2018.

Since its founding in 2013, Dataiku has focused on the vision of democratized data science as the key to uninhibited possibilities instead of restricted technologies reserved for the elite few. Today, Dataiku provides a platform that enables enterprises to fundamentally transform their business - global leaders use it to build AI that optimizes marketing budget, enables maintenance services, anticipate market trends or detects fraud, and more.

“We’re very excited about what this latest funding round represents - it’s a confirmation of our vision to build and deliver the missing block for the modern enterprise: the platform where you build you own AI,” said Florian Douetteau, CEO of Dataiku. “We have always believed that all jobs are being reshaped by data and that this transformation is made possible through education, access, and collaboration. Dataiku will continue to enable all of these things.”

With the onset of the age of AI, and with the latest round of funding, Dataiku will only accelerate this execution of large-scale data democratization within the enterprise. In a world with constantly evolving technology and tools, Dataiku has remained steadfast in its vision for the future and will continue to bring stability, security, and reliability for companies trying to navigate their own journeys in the age of Enterprise AI.

“Dataiku solves a real and rapidly growing market need for businesses to extract measurable value out of massive and disparate streams of data,” said Adar Zango, Principal at ICONIQ Capital. “Importantly, the platform achieves this with a highly differentiated approach that democratizes data at scale and engages a variety of personalities in a collaborative fashion: data scientists, data engineers, data analysts and business analysts are able to work together on a single platform to quickly derive insights. Large and sophisticated users across all industries have emphasized the exceptional product and this uniquely collaborative approach and we are genuinely thrilled for the opportunity ahead.”

As today’s discussions surrounding AI shift, Dataiku will also continue (through its product offering and initiatives) to forward the awareness and action surrounding topics like diversity and trust in the field, which are increasingly points of contention and oversight that need to be addressed. In this respect, Dataiku will work to grow its vision of data education for all by expanding its academic and non-profit programs as well as EGG conferences.

With this latest funding round, Dataiku (who was named by Forbes among the “Best Big Data Companies And CEOs To Work For In 2018”) plans to double its current staff of 200 among its headquarters in New York City and offices in Paris and London as well as new offices in Sydney and Singapore. Dataiku will also accelerate the addition of new product features and work to expand its network of technology partners.

Dataiku has more than 200 global customers across retail, e-commerce, health care, finance, transportation, the public sector, manufacturing, pharmaceuticals, and more (including General Electric, Sephora, Unilever, KUKA, FOX, and BNP Paribas).