AI startup Dataiku secured $100 Million in Series D Funding

Dataiku, a New York-based global enterprise AI and Machine Learning Platform, has now secured $100 million in Series D funding round.

Dataiku is founded by Florian Douetteau in the year 2013. It aims to take machine learning and Artificial Intelligence projects out of experimental labs and put them into everyday operations.

Florian Douetteau, co-founder and CEO of Dataiku, said, "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 realize the untapped potential for AI to transform the enterprise. In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organizational success driving business growth in every major vertical market.”

Ron Shah, Partner at Stripes, said, "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".

Dataiku's Latest Funding

The round was backed by the Stripes, with major investments from the Tiger Global Management with participation from the existing investor's Dawn Capital, ICONIQ, CapitalG, Battery Ventures, and FirstMark Capital.

The announcement notes some of Dataiku's customers including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander. 

Though explicitly not stated in the announcement, the company may use newly raised funds to drive AI within the enterprises.

PC: Pablo, Pixabay