Artificial Intelligence CORPORATE NEWS

Dataiku Announces $200 Million Investment

investment

The Series F investment brings Dataiku’s total primary funding since inception to approximately $600 million. This latest investment reinforces Dataiku’s leadership position and will help accelerate its platform capabilities and prepare the company for its next phase of strong, sustainable growth.

Dataiku has announced $200 million in Series F funding led by new investor, Wellington Management, at a $3.7 billion valuation. The Series F investment brings Dataiku’s total primary funding since inception to approximately $600 million. This latest investment reinforces Dataiku’s leadership position and will help accelerate its platform capabilities and prepare the company for its next phase of strong, sustainable growth.

“Dataiku’s proven track record, management team, growth trajectory, and customer roster, positions the company to scale AI to new heights. We are pleased to partner and contribute to their impressive journey. Dataiku has taken a leadership position helping enterprises put massive datasets to work at unprecedented speed and creating a culture of AI focused on delivering compounding business results,” said Matt Witheiler, Consumer/Technology Sector Lead, Wellington Management. 

“Enterprises overwhelmingly understand that now is the time to embrace AI —or risk falling behind,” said Florian Douetteau, co-founder and CEO of Dataiku. “Our ability to attract new, market leading investors, like Wellington, in this challenging environment underscores the strength of our solutions, our world-class team, and the tremendous opportunities ahead. We are on the cusp of a massive market transformation with AI at the heart of it—and we are ready to meet the moment.”

With this announcement Dataiku, having everyday AI platform, continues its powerful recent momentum. In 2022, the company grew its customer base above 500, including over 150 of the world’s largest enterprises, surpassed $150 million in annual recurring revenue and received numerous industry recognition.

Related posts

UDST and Huawei Jointly launch State-of-the-Art AI ICT Academy Lab

Channel 360 MEA

DCO recognises the efforts of OneWeb NEOM JV

Channel 360 MEA

Nutanix Strengthens Cyber Resilience

Channel 360 MEA

Leave a Comment