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Dataiku Secures $400 Million in Funding to Systemize the Use of Data

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A global leading platform for Everyday AI, Dataiku, announced $400M in Series E funding round led by Tiger Global, with participation from several existing investors, such as ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures, and Dawn Capital. There were other new participants including Insight Partners, Eurazeo, Lightrock, and Datadog CEO Olivier Pomel. Dataiku will use this capital to power its mission to systematize the use of data for exceptional results. After it is raised, Dataiku’s valuation will rise to $4.6B.

Florian Douetteau, co-founder and CEO of Dataiku, said, “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. 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.”

The Dataiku platform enables 450 companies worldwide to design, deploy, and manage AI and analytics applications with one end-to-end platform. With Dataiku, any business is able to win in their market with Everyday AI, which is based on the belief that prebuilt components and automation can streamline work processes as well as consistent management across teams and projects to implement transparent, repeatable, and scalable AI and analytics programs.

The investors shared their thoughts on the recent investment

John Curtius, Partner at Tiger Global, said “We’ve seen that executing an AI strategy in which data is a part of day-to-day operations can have a 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. We’re excited to be a part of their mission to systematize data and AI through our continued investment.”

Stefan Williams of Snowflake Ventures, said, “Snowflake and Dataiku share a vision to simplify and strengthen data science workflows and unlock the power of advanced analytics for businesses everywhere. As a trusted partner, we’ve deployed joint solutions to dozens of shared customers, and we’re proud to be quite literally invested in their future success through Snowflake Ventures.”

Derek Zanutto, the general partner at CapitalG, said, “Dataiku has been a pioneer in enterprise AI since its founding in 2013 when it started leading the charge to democratize AI. As companies increasingly rely on AI to help them make everyday decisions using data, Dataiku’s offering has increased in relevance and urgency for enterprises worldwide.”

Teddie Wardi, Managing Director at Insight Partners, said, “We were really impressed how Dataiku empowers everyone in the enterprise to harness AI and data analytics for business impact. They have done an excellent job of serving an ever-growing global customer base and helping them use data for everything from strategic transformation to everyday business decisions. We’re looking forward to what’s to come for Dataiku.”

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