Wednesday, May 29, 2024
HomeNewsDataiku Raises $400 Million in its Series E funding

Dataiku Raises $400 Million in its Series E funding

Dataiku plans to use this funding to increase its platform Everyday AI’s market reach and conduct R&D operations to enhance its product.

United States-based artificial intelligence company Dataiku raises $400 million in its series E funding round led by Tiger Global. Other investors like ICONIQ Growth, FirstMark Capital, Battery Ventures, Snowflake Ventures, and CapitalG participated in the funding round. 

The new funding has increased Dataiku’s market valuation to over $4 billion. The company plans to use this funding to expand its client base of Everyday AI in different parts of the world. 

Dataiku’s artificial intelligence platform enables businesses to analyze data and generate insights. The funding will also help Dataiku further improve its platform to provide better quality services to its customers. 

Read More: Raises $78 million in its Series C Funding Round

Co-founder and CEO of Dataiku, 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.” 

He further mentioned that the new funding proves that Everyday AI is the new future. The company is all set to provide artificial intelligence services to new businesses to make them realize its benefits. 

Dataiku was founded in New York by Florian Douetteau, Clement Stenac, Marc Batty, and Thomas Cabrol in the year 2013. The company specializes in developing centralized artificial intelligence data platforms for businesses and has an industry-leading customer base of more than 450 companies, including Fox News Group, General Electronics, and Unilever. 

John Curtius of Tiger Global said, “We’ve seen that executing an AI strategy in which data is a part of day-to-day operations can have a 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.” 

He also added that they are thrilled to be a part of Dataiku’s mission of systematizing data using artificial intelligence technologies. Earlier, Dataiku had raised $100 million in its series D funding round. 

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Dipayan Mitra
Dipayan Mitra
Dipayan is a news savvy writer, who does not leave a single page of news paper unturned. He is also a professional vocalist who enjoys ghazals. Building a dog shelter is his forever dream.


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