Data science platform Dataiku today announced that it raised $400 million in Series E funding, which brings its valuation to $4.6 Billion. Tiger Global led the round, which also included participation from ICONIQ Growth and CapitalG as well as FirstMark Capital, FirstMark Capital, Battery Ventures Ventures, Snowflake Ventures, Dawn Capital, and CapitalG.Insight Partners, Eurazeo and Lightrock were new investors, as was Olivier Pomel (chief executive at Datadog).Dataikus most recent round of funding was a $100 Million Series D in 2020.Dataiku was founded in 2013 by data scientists. However, it is also used by business analysts and others with less technical backgrounds. It allows companies to design and deploy AI and Analytics apps, transform raw data into advanced analytics, and create machine learning models. It has been used in a variety of applications, including fraud detection and customer churn prevention.The company has approximately 450 enterprise clients now, including Merck, Unilever and GE.Dataiku Online launched a fully-managed version of its platform in June. This means that the company manages the infrastructure and setup. TechCrunch was told by Florian Douetteau, co-founder and CEO of Dataiku Online that Dataiku Online is geared towards attracting more startups and SMBs to the platform.John Curtius, Tiger Global partner, stated that they have seen the potential impact of an AI strategy where data is part in day-to-day operations for large organizations of all sizes and sectors. Dataiku is well-positioned, given the strength of its technology and their team, to help the enterprise realize these potential benefits.
