Dataiku’s enterprise AI and ML platform gets $100mn boost

By William Smith
Dataiku is a New York-based startup operating an AI and machine learning platform targeted at enterprise...

Dataiku is a New York-based startup operating an AI and machine learning platform targeted at enterprise.

The company touts its offering as incorporating the whole process from gathering raw data to deployment, while remaining accessible to all stakeholders from business analysts to to data scientists. AI models offered by the company include solutions for fraud detection, the prevention of customer churn, predictive maintenance and supply chain optimisation.

Dataiku says it has over 300 customers, including the likes of global giants such as Unilever, Santander, GE Aviation and BNP Paribas.

Since its foundation in 2013, the company has raised almost $150mn. Adding to that figure, the company has today announced a further $100mn Series D led by Stripes, alongside Tiger Global Management, Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ.

“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,” said Florian Douetteau, co-founder and CEO of Dataiku. “In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organizational success driving business growth in every major vertical market.”

Machine learning and AI projects are notoriously difficult to achieve within a business setting, with issues such as feature creep, lack of expertise and more proving significant stumbling blocks. Dataiku’s ambition to enable enterprise adoption of AI is one it shares with many other players, both startups and established giants such as IBM.

“What we’ve seen in Dataiku is not only a commitment to developing future-proof technology for customers ranging across nearly every major industry and geography, but perhaps more importantly, a team of dedicated professionals and global organization working to ensure trust, safety and resilience through machine learning. We’re excited to be a part of their continued success through this investment,” said Paul Melchiorre, Operating Partner at Stripes.

Share
Share

Featured Articles

AI in SOC: Where Should Security Teams Look to Apply It?

As threats evolve, AI's continuous learning ensures robust protection that can prove invaluable for security operations centres

Swiss Re: Pharma, Not IT, to See Most Adverse Effects of AI

Swiss Re' AI report revealed surprising results showing pharmaceuticals stands to be the most adversely effected industry from the applications of AI

AI Safety Summit Seoul: Did it Meet Industry Expectations?

Before the summit, there were high hopes for meaningful outcomes - we see if industry leaders like EY's Beatriz Sanz Saiz thinks so

IBM's Salesforce Partnering Shows watsonx's Enterprise Reach

AI Strategy

Are Business and Government Diverging on AI Safety?

AI Strategy

Alteryx Industry-First AI Copilot Sees New Era of Analytics

AI Applications