AI firm Dataiku lands $400m in Series E funding round
New York-based AI and machine learning company Dataiku has raised $400 million in a Series E funding round led by Tiger Global.
Dataiku has now raised $646 million across 10 funding rounds
The round also included participation from Insight Partners, Eurazeo and Lightrock as well as existing investors ICONIQ Growth, CapitalG and FirstMark Capital, among others.
Dataiku, which last raised $100 million in a Series D funding round in 2020, says the new investment takes its valuation up to $4.6 billion and will be used to continue the firm’s growth.
It has now raised a total of $646 million across 10 funding rounds.
Founded in 2013, the company provides an enterprise AI and machine learning platform that allows businesses to design, deploy and manage AI and analytics applications.
It claims more than 450 companies worldwide currently make use of its platform, citing use cases such as fraud detection, predictive maintenance and supply chain optimisation.
Florian Douetteau, co-founder and CEO of Dataiku, says the firm aims to give businesses “the ability to make better day-to-day decisions with data”, adding the new funding “is a proof point that everyday AI is the future”.
