AI firm Dataiku gets £80m funding
Dataiku, an enterprise data science and machine learning platform, has raised £80 million in a Series C funding round led by Iconiq Capital.
The round was also supported by Alven Capital, Battery Ventures, Dawn Capital, and FirstMark Capital.
This announcement follows the company’s $28 million Series B in September 2017.
Florian Douetteau, CEO of Dataiku, says the latest funding round is a “confirmation of our vision to build and deliver the missing block for the modern enterprise: the platform where you build your own artificial intelligence (AI)”.
The firm provides a platform that enables enterprises to use AI for marketing budgets, enable maintenance services, and anticipate market trends or detect fraud.
Adar Zango, principal at Iconiq Capital, adds that Dataiku’s platform has a “cloud-based approach” and data scientists, data engineers, data analysts and business analysts are “able to work together on a single platform to quickly derive insights”.
“The UK is one of the most mature markets when it comes to data innovation, with our customers often deploying our platform to teams of hundreds,” says Dataiku VP of strategy Romain Fouache.
With this latest funding round, Dataiku plans to double its current staff of 20 in the UK. The company will also open a new UK headquarters in central London in early 2019.
