Dataiku announced that it has secured $400 million in Series E funding, according to a press release on the company’s website. The round was led by Tiger Global with participation from several existing investors, as well as new ones. The Dataiku funding brings the company’s valuation to $4.6 billion. According to the new release, Dataiku will use the new capital injection to systemize the use of data and AI in the enterprise.
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 news comes on the heels of Dataiku’s release of Datailku 9, the latest version of the company’s flagship data science and machine learning platform. The release is highlighted by best practice guardrails to prevent common pitfalls, model assertations to capture and test known use cases, what-if analysis to interactively test model sensitivity, and a new model fairness report to augment existing biased detection methods when building responsible AI models.
In a media statement on the news, Dataiku co-founder and CEO Florian Douetteau said: “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. 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.”
Read Dataiku Series E: Unleashing Everyday AI in the company’s blog to learn more.
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