Dataiku has successfully raised $837.3 million over nine funding rounds, achieving a valuation of over $1 billion. The platform offers a comprehensive suite for building, deploying, and managing data, analytics, and AI projects.
Keep reading to explore the intricacies of Dataiku's fundraising journey and the investors backing this innovative platform.
What Is Dataiku?
Dataiku, founded in 2013 by Marc Batty, Thomas Cabrol, and Florian Douetteau, is headquartered in New York City. The company specializes in providing a universal AI platform designed to unite people, data, technology, and governance to create an AI future.
With a workforce of between 1001-5000 employees, Dataiku's platform is used by over 500 companies worldwide for various use cases, including fraud detection, customer churn prevention, predictive maintenance, and supply chain optimization.
Dataiku emphasizes a culture that values its employees and aims to provide a rewarding work experience. The company achieved unicorn status in 2019 and is backed by renowned investors.
How Much Funding Has Dataiku Raised?
- Pre-Seed Round
- Amount Raised: $90,000
- Date: November 2013
- Motivation Behind the Round: To kickstart the company's operations and initial product development.
- Seed Round
- Amount Raised: $3,200,000
- Date: January 2015
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A Round
- Amount Raised: $14,000,000
- Date: October 2016
- Lead Investors: FirstMark Capital
- Motivation Behind the Round: To grow the company and establish Dataiku as a global player in the analytics industry.
- Series B Round
- Amount Raised: $28,000,000
- Date: September 2017
- Motivation Behind the Round: To support the company's growth and development of its platform.
- Series C Round
- Amount Raised: $101,000,000
- Date: December 2018
- Lead Investors: ICONIQ Capital
- Motivation Behind the Round: To accelerate data democratization, expand the team, enhance product features, and grow the network of technology partners.
- Series D Round
- Amount Raised: $100,000,000
- Date: August 2020
- Lead Investors: Stripes
- Motivation Behind the Round: To expand Dataiku's platform and offerings to support the worldwide acceleration in Enterprise AI efforts.
- Series E Round
- Amount Raised: $400,000,000
- Date: August 2021
- Lead Investors: Tiger Global
- Valuation at Round: $4.6 billion
- Motivation Behind the Round: To further Dataiku's mission of unleashing "Everyday AI" within more organizations globally.
- Series F Round
- Amount Raised: $200,000,000
- Date: December 2022
- Lead Investors: Wellington Management
- Valuation at Round: $3.7 billion
- Motivation Behind the Round: To scale AI to new heights and continue its growth trajectory despite macroeconomic challenges.
Total Amount Raised: $837.3 million. Current Valuation: $3.7 billion.
Key Investors
- CapitalG
- Details: CapitalG is the growth equity investment fund of Alphabet Inc. (Google's parent company). It focuses on late-stage growth companies and provides not just capital but also access to Google's expertise and resources.
- Investment Focus Areas: Software, data, AI
- Notable Investments: Airbnb, Stripe, Lyft
- Tiger Global
- Details: Tiger Global Management is an investment firm that deploys capital globally in both public and private markets. It focuses on technology-driven companies and has a history of investing in high-growth companies.
- Investment Focus Areas: Internet, software, financial technology
- Notable Investments: Facebook, LinkedIn, Spotify
- Wellington Management
- Details: Wellington Management is a private, independent investment management company. It provides investment solutions to a wide range of clients, including public and private institutions, insurance entities, endowments, foundations, and individual investors.
- Investment Focus Areas: Equities, fixed income, multi-asset, alternatives
- Notable Investments: Known for investing in high-growth companies across various sectors, including technology, healthcare, and financial services.
- ICONIQ Growth
- Details: ICONIQ Growth is a privately-held investment firm that serves some of the world’s most influential families and organizations. It provides financial advisory and family office services and manages direct investments across asset classes.
- Investment Focus Areas: Technology growth equity, venture capital, middle market buyout, real estate
- Notable Investments: Snowflake, Datadog, Uber
- FirstMark Capital
- Details: FirstMark Capital is a venture capital firm based in New York City. It focuses on early-stage technology companies and has a strong track record of investing in successful startups.
- Investment Focus Areas: Technology, data science, artificial intelligence, enterprise software, consumer internet
- Notable Investments: Pinterest, Shopify, Riot Games, InVision, Airbnb
What's Next for Dataiku?
Dataiku stands at the cusp of significant opportunities, poised to scale AI to unprecedented heights. With a customer base that includes over 500 companies, the platform is set to help enterprises leverage massive datasets at remarkable speeds. The introduction of new tools for designing and deploying AI and analytics apps will further solidify its position in the market.
Future fundraising opportunities appear promising, especially with the recent hiring of a new CFO, Adam Towns, hinting at potential IPO plans. However, challenges such as macroeconomic headwinds and competition from rivals like Databricks and DataRobot could pose hurdles. Despite these challenges, Dataiku's commitment to democratizing AI and expanding its customer base among startups and SMBs positions it well for continued growth.
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