Dataiku has raised $400 million in a Series E investment led by Tiger Global, with participation from ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures, and Dawn Capital, as well as new investors Insight Partners, Eurazeo, Lightrock, and Datadog CEO Olivier Pomel. Dataiku’s aim to systemize the use of data for extraordinary business results will be fueled by this funding, which increases the company’s valuation to $4.6 billion.
Dataiku, which was launched in 2013, offers a single end-to-end platform for designing, deploying, and managing AI and analytics applications to over 450 organizations across the world. To develop transparent, repeatable, and scalable AI and analytics programmes, Dataiku encourages the use of prebuilt components and automation wherever feasible to expedite work processes, as well as uniform management and governance across teams and projects.
“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,” said Florian Douetteau, co-founder and CEO of Dataiku. “This latest round of funding is a proof point that everyday AI is the future, and we’re excited to help many more companies realize its benefits.”
“We’ve seen that executing an AI strategy in which data is a part of day-to-day operations can have 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,” said John Curtius, Partner at Tiger Global. “We’re excited to be a part of their mission to systematize data and AI through our continued investment.”
“Snowflake and Dataiku share a vision to simplify and strengthen data science workflows and unlock the power of advanced analytics for businesses everywhere,” said Stefan Williams of Snowflake Ventures. “As a trusted partner, we’ve deployed joint solutions to dozens of shared customers, and we’re proud to be quite literally invested in their future success through Snowflake Ventures.”
“Dataiku has been a pioneer in enterprise AI since its founding in 2013 when it started leading the charge to democratize AI,” said Derek Zanutto, general partner at CapitalG. “As companies increasingly rely on AI to help them make everyday decisions using data, Dataiku’s offering has increased in relevance and urgency for enterprises worldwide.”
“We were really impressed how Dataiku empowers everyone in the enterprise to harness AI and data analytics for business impact,” said Teddie Wardi, Managing Director at Insight Partners. “They have done an excellent job of serving an ever-growing global customer base and helping them use data for everything from strategic transformation to everyday business decisions. We’re looking forward to what’s to come for Dataiku.”
“We are thrilled to support Dataiku in its journey as we are strong believers that the coupling of data and higher adoption of AI means easier and stronger collaboration among different teams within organizations said Yann du Rusquec, Partner, Eurazeo, This is precisely the promise of Dataiku and we look forward to helping Florian and his team strengthen the company’s leadership position globally.”
Dataiku is used by over 450 organisations across the world to systemize their data and AI use cases, ranging from fraud detection to customer churn prevention, predictive maintenance to supply chain optimization, and everything in between. Dataiku continues to solidify its position with this round of investment, employing over 750 employees in locations across the world, including New York, Paris, London, Munich, Sydney, and Singapore.
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