Data Science Platform Dataiku Raises $101m

Data science and machine learning platform Dataiku has raised $101m in a Series C round of funding, which it will use to double its current staff of 200 at its HQ in New York City and offices in Paris and London, while opening new locations in Sydney and Singapore.

Founded in Paris, France in 2013, Dataiku offers a big data platform allowing enterprises to extract measurable value out of massive and disparate streams of data. Uses include optimisation of marketing budgets, anticipating market trends and detection of fraud. In addition, its recently launched Enterprise AI Lab - made up of international data scientists, other data experts and AI architects - helps improve business processes using AI, with the stated aim of ultimately freeing up employees for more creative and engaging work.

New funding has been led by ICONIQ Capital with participation from Alven Capital, Battery Ventures, Dawn Capital and FirstMark Capital, and follows the company's $28m Series B round in September 2017. Funds will also be used to accelerate the addition of new product features and work to expand its network of technology partners.

Commenting on the news, CEO Florian Douetteau (pictured) said: 'We're very excited about what this latest funding round represents - it's a confirmation of our vision to build and deliver the missing block for the modern enterprise: the platform where you build you own AI. We believe that data will positively impact people in all roles and that this transformation is made possible through education, access, and collaboration. Dataiku will continue to enable all of these things'.

Web site: www.dataiku.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.