Total amount raised
$1.1 Billions
Latest funding date
Location
Title
DataRobot has successfully raised significant funding over multiple rounds, attracting a diverse group of investors. The company specializes in AI technology designed to integrate seamlessly into business processes.
Keep reading to explore the intricacies of DataRobot's fundraising journey and the investors backing this innovative platform.
What Is DataRobot?
DataRobot, founded on June 1, 2012, in Boston, Massachusetts, by Jeremy Achin and Thomas DeGodoy, specializes in AI technology and ROI enablement services. The company aims to democratize data science with end-to-end automation for building, deploying, and managing machine learning models.
DataRobot's enterprise AI platform integrates seamlessly into business processes, offering products like the DataRobot AI Platform, Applied AI Expertise, AI APIs and Frameworks, Data Platforms, and Business Applications. These solutions help businesses maximize impact and minimize risk.
With a workforce of 501-1000 employees, DataRobot continues to innovate and expand its offerings, providing tailored AI solutions for various industries, including Energy, Financial Services, Healthcare, Manufacturing, and the Public Sector.
How Much Funding Has DataRobot Raised?
- Seed Round
- Amount Raised: $3.3M
- Date: September 2013
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of their AI platform.
- Series A
- Amount Raised: $21M
- Date: August 2014
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand their team and accelerate product development.
- Series B
- Amount Raised: $33M
- Date: February 2016
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance their AI capabilities.
- Series C
- Amount Raised: $67.2M
- Date: July 2017
- Lead Investors: New Enterprise Associates
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop their AI platform and expand market reach.
- Venture Round
- Amount Raised: Not publicly disclosed
- Date: March 2018
- Lead Investors: IQT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support strategic initiatives and partnerships.
- Series D
- Amount Raised: $100M
- Date: October 2018
- Lead Investors: Meritech Capital Partners, Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To achieve unicorn status and further develop their platform.
- Series E
- Amount Raised: $206M
- Date: September 2019
- Lead Investors: Sapphire Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To continue expanding their automated AI platform.
- Series F
- Amount Raised: $270M
- Date: November 2020
- Lead Investors: Altimeter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further development and expansion.
- Series F
- Amount Raised: $50M
- Date: December 2020
- Lead Investors: Snowflake Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance strategic partnerships and product offerings.
- Series G
- Amount Raised: $300M
- Date: June 2021
- Lead Investors: Altimeter Capital, Tiger Global Management
- Valuation at Round: $6 billion
- Motivation Behind the Round: To continue developing and expanding their AI platform and to prepare for a potential public offering.
Total Amount Raised: $1.05 billion. Current Valuation: $6 billion.
Key Investors
- Altimeter Capital Management
- Details: Altimeter Capital Management is an investment firm that focuses on technology companies. They have a strong track record of backing high-growth tech startups.
- Investment Focus Areas: Technology, internet, software, consumer sectors.
- Notable Investments: Snowflake, Unity Technologies, Roblox.
- Tiger Global Management
- Details: Tiger Global Management is a global investment firm that invests in both private and public markets. They are known for their significant investments in technology companies.
- Investment Focus Areas: Internet, software, consumer, financial technology sectors.
- Notable Investments: Facebook, LinkedIn, Spotify.
- Sapphire Ventures
- Details: Sapphire Ventures is a venture capital firm that partners with visionary teams and venture funds to build companies of consequence. They focus on helping companies scale and achieve their full potential.
- Investment Focus Areas: Enterprise technology, consumer technology, healthcare.
- Notable Investments: Box, LinkedIn, Square.
- New Enterprise Associates (NEA)
- Details: New Enterprise Associates (NEA) is a global venture capital firm that invests in technology and healthcare sectors. They have a long history of supporting innovative companies from early stages to IPO.
- Investment Focus Areas: Technology, healthcare.
- Notable Investments: Coursera, Duolingo, Robinhood.
- Meritech Capital Partners
- Details: Meritech Capital Partners is a leading venture capital firm that invests in late-stage technology companies. They focus on companies with strong growth potential and market leadership.
- Investment Focus Areas: Enterprise software, consumer internet, healthcare IT.
- Notable Investments: Facebook, Salesforce, Tableau.
What's Next for DataRobot?
DataRobot stands at the cusp of significant growth opportunities, driven by its ability to automate and accelerate AI model development. The partnership with Palantir Technologies to tackle demand forecasting problems exemplifies the potential for impactful collaborations. With a $6 billion valuation and substantial funding, the company is well-positioned to democratize AI for non-technical users.
Future fundraising opportunities appear promising, especially with the potential for a public offering. The continued interest from major investors like Altimeter Capital Management and Tiger Global underscores the market's confidence. However, DataRobot must navigate challenges such as intense competition and the need for continuous innovation to maintain its edge in the rapidly evolving AI industry.
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