$100m Funding for Enterprise Data Firm Dataiku

Enterprise data analytics platform Dataiku has raised $100m in a Series D round of funding, which it will use to expand its platform and offerings.

Founded in Paris, France in 2013, Dataiku offers a platform enabling 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, the firm's Enterprise AI Lab - comprising international data scientists, other data experts and AI architects - helps improve business processes using AI, with the aim of freeing up employees for more creative and engaging work.

New funding has been led by Stripes with Tiger Global Management, which joins existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ, and adds to a $101m Series C round which closed at the end of 2018. Dataiku co-founder and CEO Florian Douetteau (pictured) comments: 'In today's economic climate, organizations' ability to quickly pivot operations to keep up with the changing world dictates success, and democratized enterprise AI is a key component to achieving that level of agility. Today, we're proud to announce a $100m Series D funding round that will allow us to expand our platform and offerings to support this worldwide acceleration in enterprise AI efforts'.

The firm, which also has offices in New York, London, Amsterdam, Frankfurt, Sydney, Singapore, Denver, Washington DC, and Los Angeles, is online at www.dataiku.com .

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