Dataiku announced $400M in Series E investment led by Tiger Global, with participation from several existing investors, including ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures, and Dawn Capital, as well as new investors including Insight Partners, Eurazeo, Lightrock,
and Datadog CEO Olivier Pomel. This capital, which brings the company's
valuation to $4.6B, will power Dataiku's mission to systemize the use
of data for exceptional business results.
Dataiku,
founded in 2013, enables over 450 companies globally to leverage one
end-to-end platform to design, deploy, and manage AI and analytics
applications. The company is rooted in the belief that any company can
win in their market through Everyday AI.
Dataiku also facilitates using prebuilt components and automation
wherever possible to streamline work processes as well as consistent
management and governance across teams and projects to create
transparent, repeatable, and scalable AI and analytics programs.
"Organizations
that use Dataiku elevate their people - whether technical and working
in code, or on the business side and low- or no-code - to extraordinary,
arming them with the ability to make better day-to-day decisions with
data," said Florian Douetteau, co-founder and CEO of Dataiku. "This
latest round of funding is a proof point that everyday AI is the future,
and we're excited to help many more companies realize its benefits."
"We've
seen that executing an AI strategy in which data is a part of
day-to-day operations can have large-scale impact for organizations
across sectors and sizes, and Dataiku is well-positioned to continue to
help the enterprise realize this potential value given both the strength
of their technology and the team," said John Curtius, Partner at Tiger
Global. "We're excited to be a part of their mission to systematize data
and AI through our continued investment."
"Snowflake
and Dataiku share a vision to simplify and strengthen data science
workflows and unlock the power of advanced analytics for businesses
everywhere," said Stefan Williams of Snowflake Ventures. "As a trusted
partner, we've deployed joint solutions to dozens of shared customers,
and we're proud to be quite literally invested in their future success
through Snowflake Ventures."
"Dataiku
has been a pioneer in enterprise AI since its founding in 2013 when it
started leading the charge to democratize AI," said Derek Zanutto,
general partner at CapitalG. "As companies increasingly rely on AI to
help them make everyday decisions using data, Dataiku's offering has
increased in relevance and urgency for enterprises worldwide."
"We
were really impressed how Dataiku empowers everyone in the enterprise
to harness AI and data analytics for business impact," said Teddie
Wardi, Managing Director at Insight Partners. "They have done an
excellent job of serving an ever-growing global customer base and
helping them use data for everything from strategic transformation to
everyday business decisions. We're looking forward to what's to come for
Dataiku."
More than 450 companies worldwide use Dataiku
to systemize their use of data and AI, driving diverse use cases from
fraud detection to customer churn prevention, predictive maintenance to
supply chain optimization, and everything in between. With this round of
funding, Dataiku continues to grow into its role as a market leader,
now employing more than 750 people in offices around the world,
including New York, Paris, London, Munich, Sydney, and Singapore.