Country for PR: China
Contributor: PR Newswire Asia (China)
Thursday, August 05 2021 - 15:06
AsiaNet
Dataiku Raises $400M at a $4.6B Valuation to Enable Everyday AI in the Enterprise
NEW YORK, Aug. 5, 2021 /PRNewswire-AsiaNet/ --

Tiger Global leads the round with participation from ICONIQ Growth, CapitalG, 
Snowflake Ventures, Insight Partners, FirstMark Capital and several others

Dataiku(https://www.dataiku.com/), the world's leading platform for Everyday 
AI, today announced $400M in Series E investment led by Tiger 
Global(https://www.tigerglobal.com/), with participation from several existing 
investors, including ICONIQ Growth(https://iconiqgrowth.com/), 
CapitalG(https://www.capitalg.com/), FirstMark 
Capital(https://firstmarkcap.com/), Battery Ventures(https://www.battery.com/), 
Snowflake Ventures(https://www.snowflake.com/snowflake-ventures/), and Dawn 
Capital(https://dawncapital.com/), as well as new investors, including Insight 
Partners(https://www.insightpartners.com/), 
Eurazeo(https://www.eurazeo.com/en), Lightrock(https://www.lightrock.com/) 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. 

https://mma.prnewswire.com/media/1449328/Dataiku_Logo.jpg

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( 
https://www.dataiku.com/company/customers/) 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.

About Dataiku

Dataiku(https://www.dataiku.com/company/customers/) is the world's leading 
platform for Everyday AI, systemizing the use of data for exceptional business 
results. More than 450 customers across banking, insurance, pharmaceuticals, 
manufacturing, retail, and more use Dataiku to elevate their people to 
extraordinary, arming them with the ability to make better day-to-day decisions 
with data. 

Dataiku was founded in 2013 and has garnered praise from industry 
analysts(https://www.dataiku.com/company/customers/) for leading the charge in 
the democratization of AI ever since. The company most recently raised $100 
million in a Series D funding round in 2020, and has grown the team to more 
than 750 employees worldwide. Dataiku was named to the Forbes Cloud 100 in 2019 
and 2020 as well as the Forbes AI 50 in 2020 and 2021. Silicon Republic pegged 
Dataiku as one of the "7 data science start-ups shaking up AI and analytics" in 
late 2020, and CB Insights named Dataiku to the AI 100 2021 as one of the most 
innovative startups. Dataiku is consistently named on "best companies to work 
for" lists, including lists from Forbes and Inc.

Source: Dataiku
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