Dataiku Nabs $100M Funding for Global Enterprise AI

Source: Dataiku

Dataiku has secured $100 million in Series D funding, according to a press release on the company’s website. The round, which brings Dataiku’s total funding earned to more than $246 million since its founding in 2013, saw participation from new and existing investors. Dataiku plans to use the capital injection to expand its platform and offerings to support a more global approach. The news comes on the heels of Dataiku announcing a new partnership with Snowflake in June.

Dataiku offers an advanced analytics solution that allows organizations to create their own data tools. The company’s flagship product features a team-based user interface for both data analysts and data scientists. Dataiku’s unified framework for development and deployment provides immediate access to all the features needed to design data tools from scratch. Users can then apply machine learning and data science techniques to build and deploy predictive data flows.

The New York-based solution provider touts a growing customer list and currently has more than 450 employees. Dataiku released Dataiku 7 in March, an update which was highlighted by deeper integrations for technical professionals who work on machine learning project development. There are also new Kubernetes-powered web apps that expand upon functionality released in Dataiku 6, as well as a machine learning-assisted data labeling plugin.

In a statement about the funding, Dataiku co-founder and CEO Florian Douetteau 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.”

Read more about the Dataiku funding round in the company’s blog.