- DataRobot — a leading enterprise AI platform — announced it has raised $270 million in a pre-IPO funding round led by Altimeter Capital.
DataRobot — a leading enterprise AI platform — announced it has raised $270 million in a pre-IPO funding round led by Altimeter Capital. This round of funding included new and existing investors, including T. Rowe Price, funds and accounts managed by BlackRock, Tiger Global, Silver Lake Waterman, B Capital Group, Glynn Capital, ClearBridge, NEA, and Sapphire Ventures. This funding round values the company at over $2.7 billion, which is more than double its Series E valuation.
What does DataRobot do? DataRobot delivers trusted AI technology and enablement services to global enterprises competing in today’s Intelligence Revolution. And its enterprise AI platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models.
The company’s platform maximizes business value by delivering artificial intelligence at scale and continuously optimizing performance over time. And the company’s proven combination of cutting-edge software and world-class AI implementation, training, and support services, empowers any organization regardless of size, industry, or resources to drive better business outcomes with AI.
KEY QUOTES:
“We’re seeing overwhelming demand for our platform. This latest round of financing further validates this momentum, and we intend to use it to accelerate our rapid growth globally. Modern enterprises are generating and capturing more data than ever before, and this data is also changing more rapidly than ever. Traditional business intelligence and manual machine learning methods are completely inadequate to keep pace. Businesses need AI-driven insights into what will happen, rather than simply what has happened, in order to win in today’s increasingly competitive market.”
— Dan Wright, President & COO of DataRobot
“The massive secular tailwinds driven by data, the cloud, and business intelligence have been central to our most significant investments in the last decade – and yet we are just getting started. For too long, AI-driven insights were a distant promise, but we have hit an inflection point and DataRobot is at the front of the pack in terms of democratizing AI-driven business intelligence. This capability will be a must-have for all businesses and is poised to catalyze a new era of economic productivity.”
— Brad Gerstner, Founder and CEO, Altimeter Capital
