Dataiku Raises $100M, Plans to Grow Team in NYC

by Ellen Glover
August 24, 2020
NYC-based Dataiku raises $100M Series D, plans to grow team
Image: Shutterstock

Dataiku, an NYC-based startup that offers its enterprise AI and machine learning tools to hundreds of businesses across nearly every industry, announced Monday it closed on a $100 million Series D round led by Stripes.

Tiger Global Management and existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ also participated in the round, bringing Dataiku’s total funding raised to more than $246 million. The company counts GE, Ubisoft and Comcast among its more than 300 customers.

Founded in 2013, Dataiku’s platform aims to democratize access to data across an entire business, helping teams create machine learning and AI-enabled operational projects related to things like predictive maintenance, supply chain optimization, fraud detection and customer churn prevention. This kind of service has become especially important in the midst of the COVID-19 pandemic, says Kurt Muehmel, Dataiku’s chief customer officer.

“Times of economic change tend to expose companies that aren’t able to easily adapt, which is why agility in AI efforts is critical now more than ever. The Dataiku DSS platform supports collaborative, elastic, and responsible AI, enabling distributed workforces to work collaboratively and asynchronously to continue operations amid the pandemic, uncover insights to evolve business processes, and push ongoing AI projects and research forward,” Muehmel told Built In via email. “While enterprise AI isn’t a magic bullet and won’t make businesses immune to the world’s changes, our product has proven invaluable to our customers, providing agility and acceleration toward their recovery.”

To keep up, Muehmel says Dataiku will continue building out its platform, adding several new offerings to help its customers remain productive.

“For example, the ability to create internal applications for use across a variety of verticals and job functions, whether that means building out a self-service analytics platform or fully operationalized AI integrated with business processes,” Muehmel explained.

Dataiku employs 450 people worldwide and will be using this $100 million to grow its team, particularly in leadership. The company also currently has dozens of open positions for its numerous offices around the world as well as remote. In NYC, the company is currently hiring for open roles in market strategy, product marketing, recruiting and sales.

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