Venture Capital: AI Platform Dataiku Raises $100M In A Series D Round

August 25, 2020 | News, Venture Capital
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Enterprise AI platform Dataiku’s latest round was led by Stripes.

Dataiku announced Monday its Series D raise of $100 million led by Stripes with Tiger Global Management joining existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ.

According to CrunchBase, Dataiku, which was founded in 2013, has raised a total of $246.8 million to date. Its previous C round raised $101 million in December 2018. (CrunchBase)

To Forbes, the company confirmed that it was still valued as a unicorn after the recent D round.

Enterprise AI

Dataiku specializes in AI for enterprises, of which it counts more than 300 as customers.

Top flight clients include Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka and Santander.

Dataiku intends to make AI an integral part of the client’s system structure.

Dataiku co-founder and CEO Florian Douetteau said in a statement: “Our leadership in the enterprise AI field continues to attract world-class investors who understand Dataiku’s truly global solutions and customer base, and they also know that we have unique advantages. Help companies realize the untapped potential of AI to promote corporate transformation.”

Chief customer officer Kurt Muehmel told Forbes that the philosophy of the company was to enable every enterprise to build data and AI solutions for themselves.

Customers should have the ability not to be reliant on a service provider or vendor for this purpose.

Evgenia Plotnikova, partner at investor Dawn Capital, said: “The market has always proven that Dataiku’s collaborative approach is the best way to gain the benefits of AI throughout the organization. Moreover, the agility provided by AI has never been more important in the enterprise.”

Enterprise solutions

Dataiku supports companies on various fronts including model-driven fraud detection, customer churn prevention, predictive maintenance, supply chain optimization, and more.

For example, at Levi’s, the Dataiku system suggests a personalized recommendation system for shoppers. On the other hand, Mercedes-Benz uses Dataiku to forecast business performance.

Related Story:   Data Storer Qumulo Snags $125M in Series E; Turns Unicorn                                               

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