Tiger Global leads the investment round with participation from among others ICONIQ Growth, CapitalG, Snowflake Ventures, Insight Partners, FirstMark Capital
Dataiku, the world's leading platform for Everyday AI, has raised a capital injection of 400 million dollars in a Series E funding round led by Tiger Global, with participation from several existing investors, including ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures and Dawn Capital. New investors have also joined, including Insight Partners, Eurazeo, Lightrock and Datadog CEO Olivier Pomel. This capital, which brings the company's valuation to 4.6 billion dollars, supports Dataiku's mission to organize the use of data and achieve exceptional business results.
Dataiku, founded in 2013, enables more than 450 companies worldwide to use a single end-to-end platform for designing, implementing, and managing AI and analytics applications. Dataiku believes that every company can be successful with 'Everyday AI'. Dataiku provides pre-built components and ensures automation where possible to streamline processes. Moreover, the company facilitates consistent management and governance options for different teams and projects to enable transparent, repeatable, and scalable AI analytics programs.
"Organizations using Dataiku make their people better - whether they are technically skilled and work in code or contribute on the business side with low- or no-code. This enables them to make better decisions daily based on data," said Florian Douetteau, co-founder and CEO of Dataiku. "This funding round is proof that 'Everyday AI' is the future, and we are pleased that we can help many more companies realize the benefits of AI."
"We see that executing an AI strategy, where data is part of daily operations, can have a significant impact on organizations across all sectors and of all sizes. Dataiku is well positioned to continue helping large companies realize this potential through both the power of technology and the team," says John Curtius, Partner at Tiger Global. "We are excited to be part of their mission to systematize data and AI with our ongoing investments." "Snowflake and Dataiku both want to simplify data science workflows and unlock the capabilities of advanced analytics for companies worldwide," says Stefan Williams of Snowflake Ventures. "As a trusted partner, we have implemented joint solutions at dozens of mutual customers. We are proud to literally invest in future success through Snowflake Ventures."
"Since its founding in 2013, when the company took the lead in democratizing AI, Dataiku has been a pioneer in enterprise AI," says Derek Zanutto, general partner at CapitalG. "As companies increasingly rely on AI to help them make daily decisions using data, Dataiku's offering has become more relevant for large companies worldwide." "We were really impressed with how Dataiku enables everyone in large organizations to leverage AI and data to make an impact," says Teddie Wardi, Managing Director at Insight Partners. "Dataiku does an excellent job of helping a growing international customer base use data for everything from strategic transformation to daily operations. We look forward to what the future holds for Dataiku."
"We are excited to support Dataiku because we believe that the connection between data and a higher acceptance of AI creates a simpler and stronger collaboration between different teams within an organization," says Yann du Rusquec, partner at Eurazeo. "This is precisely the promise of Dataiku, and we look forward to helping Florian and his team strengthen the company's leading position worldwide."
