Sunday, August 23, 2020

DATAIKU RAISES $100 MILLION TO EXTEND LEADERSHIP IN ENTERPRISE AI MARKET

Stripes leads Series D as Tiger Global Management joins existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ

NEW YORK, Aug 24 (Bernama-BUSINESS WIRE) -- Today, Dataiku, a leading global Enterprise AI and machine learning platform, announced a $100 million Series D investment round led by Stripes, with major investment by Tiger Global Management and participation from existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ. The funding comes as Dataiku continues to drive AI within the enterprise, serving over 300 customers who understand that a collaborative and end-to-end AI strategy is critical to their success.

“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,” said Florian Douetteau, co-founder and CEO of Dataiku. “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.”

Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations that are truly woven into the fabric of a company. Dataiku serves hundreds of customers worldwide, including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander. Its team has grown to more than 450 people worldwide in New York, Paris, London, Frankfürt, Dubai, Amsterdam, Sydney, and Singapore.

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