Enterprise data science and machine learning platform, Dataiku, announced an £80m Series C funding round led by ICONIQ Capital and supported by Alven Capital, Battery Ventures, Dawn Capital, and FirstMark Capital. This announcement follows the company’s $28m Series B in September 2017 and the release of Dataiku 5 in September 2018.
Since its founding in 2013, Dataiku has focused on the vision of democratised data science as the key to uninhibited possibilities instead of restricted technologies reserved for the elite few. Today, Dataiku provides a platform that enables enterprises to fundamentally transform their business - global leaders use it to build AI that optimises marketing budget, enables maintenance services, anticipate market trends or detects fraud, and more.
“We’re very excited about what this latest funding round represents - it’s a confirmation of our vision to build and deliver the missing block for the modern enterprise: the platform where you build you own AI.” said Florian Douetteau, CEO of Dataiku. “We believe that data will positively impact people in all roles and that this transformation is made possible through education, access, and collaboration. Dataiku will continue to enable all of these things.”
Adar Zango, Principal at ICONIQ Capital, added: “Dataiku solves a real and rapidly growing market need for businesses to extract measurable value out of massive and disparate streams of data. Importantly, the platform achieves this with a highly differentiated cloud-based approach that democratises data at scale and engages a variety of personalities in a collaborative fashion: data scientists, data engineers, data analysts and business analysts are able to work together on a single platform to quickly derive insights. Large and sophisticated users across all industries have emphasised the exceptional product and this uniquely collaborative approach and we are genuinely thrilled for the opportunity ahead.”