Leading Everyday AI platform Dataiku has announced it has raised $400 million in Series E funding to aid its goal of systemizing the way businesses use data to drive results. Led by Tiger Global, the capital boosts the company’s valuation to $4.6 billion.
The AI-powered platform, which was founded in 2013, works with more than 450 brands worldwide to help them create, manage, and monitor AI and analytics applications. Brands such as Ubisoft, General Electric, and Unilever use the platform to help generates wins in their market.
Through automation capabilities, processes can be streamlined and accurately managed with prebuilt and scalable component programs. Since its foundations, the company has enlivened a strategy to help its client companies who increasingly rely on AI to make decisions and operate their business workflows.
“We’ve seen that executing an AI strategy in which data is a part of day-to-day operations can have large-scale impact for organizations across sectors and sizes, and Dataiku is well-positioned to continue to help the enterprise realize this potential value given both the strength of their technology and the team,” said John Curtius, Partner at Tiger Global. “We’re excited to be a part of their mission to systematize data and AI through our continued investment.”
This funding comes during a period of massive growth for Dataiku, which raised $100 million in Series D funding in 2020. The innovative platform has been named to the Forbes AI 50 list for two consecutive years.
“Organizations that use Dataiku elevate their people – whether technical and working in code, or on the business side and low- or no-code – to extraordinary, arming them with the ability to make better day-to-day decisions with data,” said Florian Douetteau, co-founder and CEO of Dataiku. “This latest round of funding is a proof point that everyday AI is the future, and we’re excited to help many more companies realize its benefits.”