DataRobot’s enterprise AI and ML cloud platform

By William Smith
Boston, Massachusetts-based tech unicorn DataRobot operates an enterprise AI platform to provide businesses access to machine learning...

Boston, Massachusetts-based tech unicorn DataRobot operates an enterprise AI platform to provide businesses access to machine learning.

The platform features automation capabilities across the building, deployment and management stages of creating machine learning models. The company also offers AI implementation, training and support services to businesses.

DataRobot says that more than 2 billion machine learning models have been built using its platform, with customers including the likes of Accenture, Deloitte, Panasonic and Manchester City Football Club.

Since its foundation in 2012, the company has raised over $700mn. Its latest Series F round of funding, announced yesterday, saw the company receive $270mn from lead investor Altimeter Capital, alongside T. Rowe Price, BlackRock, Tiger Global, Silver Lake Waterman, B Capital Group, Glynn Capital, ClearBridge, NEA, and Sapphire Ventures.

In a press release, Dan Wright, President and COO of DataRobot, said: “We’re seeing overwhelming demand for our platform. This latest round of financing further validates this momentum, and we intend to use it to accelerate our rapid growth globally.

“Modern enterprises are generating and capturing more data than ever before, and this data is also changing more rapidly than ever. Traditional business intelligence and manual machine learning methods are completely inadequate to keep pace. Businesses need AI-driven insights into what will happen, rather than simply what has happened, in order to win in today’s increasingly competitive market.”

The round leaves the company valued at $2.7bn, more than double that of its last round.

Brad Gerstner, Founder and CEO, Altimeter Capital, said: “For too long, AI-driven insights were a distant promise, but we have hit an inflection point and DataRobot is at the front of the pack in terms of democratizing AI-driven business intelligence. This capability will be a must-have for all businesses and is poised to catalyze a new era of economic productivity.”


Featured Articles

Andrew Ng Joins Amazon Board to Support Enterprise AI

In the wake of Andrew Ng being appointed Amazon's Board of Directors, we consider his career from education towards artificial general intelligence (AGI)

GPT-4 Turbo: OpenAI Enhances ChatGPT AI Model for Developers

OpenAI announces updates for its GPT-4 Turbo model to improve efficiencies for AI developers and to remain competitive in a changing business landscape

Meta Launches AI Tools to Protect Against Online Image Abuse

Tech giant Meta has unveiled a range of new AI tools to filter out unwanted images via its Instagram platform and is working to thwart threat actors

Microsoft in Japan: Investing in AI Skills to Boost Future

Cloud & Infrastructure

Microsoft to Open New Hub to Advance State-of-the-Art AI

AI Strategy

SAP Continues to Develop its Enterprise AI Cloud Strategy

AI Applications