French-founded Dataiku raises $400 million at $4.6 billion valuation

French-founded Dataiku raises $400 million at $4.6 billion valuation

Datatiku has raised $400 million in a Series E round led by Tiger Global, giving the company a valuation of $4.6 billion. The platform provides a number of tools for enterprise customers to bring data scientists and non-coder teams to the same table. Over the course of 10 rounds, the firm has raised approximately $647 million.

Founded in 2013, Dataiku self describes its service as providing ‘Everyday AI’ through,“democratising data and empowering organisation-wide collaboration”.

This 'Everyday AI' approach uses a series of tools that remove the silos between business units and can be used to create predictive AI models and derive actionable insights from unstructured data. With a heavy emphasis on visualisations, Dataiku keeps the "overwhelming mountain of data" fear factor at bay, giving non-coding teams their own voice at the data-driven decision table.

The $400 million Series E round was led by Tiger Global and saw participation from several existing investors including ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures, and Dawn Capital. New investors include Insight Partners, Eurazeo, Lightrock, and Datadog CEO Olivier Pomel.

Dawn Capital's Evgenia Plotnikova commented, "For far too long, data has been reserved for the technical elites, parading “digital transformation” projects with limited impact in siloed organisations. That is until Dataiku’s Everyday AI. Dataiku breaks the silos and empowers every person in the business, making all decisions data driven and every change wide and lasting. A true systematic transformation. That mission of narrowing the “data gap” propelled Dataiku from a French scale up to a global powerhouse that it is today."

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