- Enterprise artificial intelligence company Dataiku announced that Alphabet subsidiary CapitalG has joined its cap table at a valuation of $1.4 billion
Enterprise artificial intelligence company Dataiku announced that Alphabet subsidiary CapitalG (formerly known as Google Capital) has joined its cap table. CapitalG is acquiring Dataiku shares directly from Serena Capital with Dawn also participating in this deal. CapitalG is buying these secondary market shares at a $1.4 billion valuation.
Serena Capital first invested in Dataiku in 2014. Dataiku CEO Florian Douetteau told TechCrunch that Serena “was looking for a bit of liquidity” as they invested in Dataiku when the valuation was 100 times less than what it is now.
“Dataiku has a proven track record of solving real business problems for enterprise organizations with a unique ability to extract actionable insights for data scientists and business decision-makers. We are thrilled to take this journey with them as they continue to scale their highly differentiated AI approach that democratizes data and breaks down barriers between data scientists and business analysts,” added Derek Zanutto, partner at CapitalG.
Serena will continue to keep a stake in Dataiku along with a board seat.
“Today, every business, regardless of the industry it operates in, needs to become data-driven. For most organizations, this has been an insurmountable task, because of their data sitting in silos and being handled by a handful of experts. Until Dataiku. With its focus on both collaboration and ease of use, Dataiku is uniquely positioned to resolve these data challenges and realize the vision of Enterprise AI,” added Dawn Capital partner Evgenia Plotnikova.
What does Dataiku do? Dataiku works with enterprise clients to turn large data sets into insights using machine learning. And Dataiku connects to a variety of storage systems and databases like Hadoop and NoSQL. And then Dataiku can clean data sets, create segments, and build machine learning models.
By switching to a Kubernetes-powered infrastructure, Dataiku has been allowing users to scale up infrastructure by spinning more containers and scaling it down when less power is needed. Now Dataiku generates half of its revenue in the U.S. from clients like General Electric, Sephora, and Unilever.
This year, Dataiku released its own data science documentary, which discusses human-centered AI with over 3,000 attendees at five EGG conferences around the world. And the company also opened new offices around the world. Plus the number of Dataiku users has been doubling every year.
“Serena invested in Dataiku’s seed round end of 2014 and has been actively supporting the company in executing its high-growth plan since then. I am very impressed by the achievements of Dataiku, which is on track to become one of the most successful companies in Enterprise AI. This transaction with CapitalG is a great opportunity to onboard a world-class investor and sell a minority of our Dataiku shares at a valuation that materializes Dataiku’s leadership position,” explained Serena Capital managing partner Xavier Lorphelin.