Boston, US-based DataRobot, a startup that brings AI technology and ROI enablement services to global enterprises, raised US$ 300 million in a Series G funding round on 17 July 2021.
Investors: The funding round was led by returning investors Altimeter Capital and Tiger Global with participation from new investors Counterpoint Global (Morgan Stanley), Franklin Templeton, ServiceNow Ventures and Sutter Hill Ventures.
Purpose of the funding: The funds raised by the startup will be utilized to fuel its innovation efforts and enable it to bring the transformative impact of Augmented Intelligence to customers around the world. DataRobot is now valued at US$ 6.3 billion.
Founded in 2012 by Jeremy Achin and Thomas DeGodoy, DataRobot delivers trusted AI technology and enablement services to global enterprises competing in today’s Intelligence Revolution. Its enterprise AI platform democratizes data science with end-to-end automation for building, deploying and managing machine learning models. DataRobot aims to maximize business value by delivering AI at scale and optimizing performance over time.
DataRobot’s Augmented Intelligence platform is used by numerous Fortune 50 companies. DataRobot is empowering both large and small organizations across industries to use AI to help solve key business challenges, including building better products, improving customer relationships, forecasting demand and decreasing costs.
What the CEO has to say: “This new investment further validates our vision for combining the best that humans and machines have to offer in order to power predictive insights, enhanced data-driven decisions, and unprecedented business value for our customers. DataRobot is seeing more customers across the globe choose our platform to solve their biggest challenges at scale. We are grateful to have the continued support of Altimeter, Tiger, and other world-class investors as we continue to increase our innovation lead during the next phase of our company’s growth.” — Dan Wright, CEO of DataRobot. “
What the investors have to say: “DataRobot is extremely well-positioned to capitalize on a tremendous opportunity in the history of software as every company looks to unlock the full potential of their data to drive AI-powered business insights. We’re thrilled to double down on our investment in DataRobot and partner with Dan and the rest of the superb leadership team for the long term.” — Brad Gerstner, Founder and CEO, Altimeter Capital.
“Since day one, DataRobot has been committed to the democratization of trusted AI and delivering massive value across every industry. We’ve been impressed with the company’s execution and momentum since we first invested in 2019, and we are excited to continue to build our partnership with DataRobot.” — John Curtius, Partner, Tiger Global.
For more extensive analysis and Market Intelligence reports feel free to approach us or visit our website: Venture Capital Market Intelligence Reports | VCBay.
We try our best to fact check and bring the best, well-researched and non-plagiarized content to you. Please let us know
-if there are any discrepancies in any of our published stories,
-how we can improve,
-what stories you would like us to cover and what information you are looking for, in the comments section below or through our contact form! We look forward to your feedback and thank you for stopping by!