PR90987

NEW YORK, Aug. 5, 2021 /PRNewswire=KYODO JBN/ --

Tiger Global leads the round with participation from ICONIQ Growth, CapitalG,

Snowflake Ventures, Insight Partners, FirstMark Capital and several others

Dataiku(https://www.dataiku.com/), the world's leading platform for Everyday

AI, today announced $400M in Series E investment led by Tiger

Global(https://www.tigerglobal.com/), with participation from several existing

investors, including ICONIQ Growth(https://iconiqgrowth.com/),

CapitalG(https://www.capitalg.com/), FirstMark

Capital(https://firstmarkcap.com/), Battery Ventures(https://www.battery.com/),

Snowflake Ventures(https://www.snowflake.com/snowflake-ventures/), and Dawn

Capital(https://dawncapital.com/), as well as new investors, including Insight

Partners(https://www.insightpartners.com/),

Eurazeo(https://www.eurazeo.com/en), Lightrock(https://www.lightrock.com/) and

Datadog CEO Olivier Pomel. This capital, which brings the company's valuation

to $4.6B, will power Dataiku's mission to systemize the use of data for

exceptional business results.

https://mma.prnewswire.com/media/1449328/Dataiku_Logo.jpg

Dataiku, founded in 2013, enables over 450 companies globally to leverage one

end-to-end platform to design, deploy, and manage AI and analytics

applications. The company is rooted in the belief that any company can win in

their market through Everyday AI. Dataiku also facilitates using prebuilt

components and automation wherever possible to streamline work processes as

well as consistent management and governance across teams and projects to

create transparent, repeatable, and scalable AI and analytics programs.

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

"We've seen that executing an AI strategy in which data is a part of day-to-day

operations can have 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," said John Curtius, Partner at Tiger Global. "We're excited to be a

part of their mission to systematize data and AI through our continued

investment."

"Snowflake and Dataiku share a vision to simplify and strengthen data science

workflows and unlock the power of advanced analytics for businesses

everywhere," said Stefan Williams of Snowflake Ventures. "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."

"Dataiku has been a pioneer in enterprise AI since its founding in 2013 when it

started leading the charge to democratize AI," said Derek Zanutto, general

partner at CapitalG. "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."

"We were really impressed how Dataiku empowers everyone in the enterprise to

harness AI and data analytics for business impact," said Teddie Wardi, Managing

Director at Insight Partners. "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."

More than 450 companies worldwide use(

https://www.dataiku.com/company/customers/) Dataiku to systemize their use of

data and AI, driving diverse use cases from fraud detection to customer churn

prevention, predictive maintenance to supply chain optimization, and everything

in between. With this round of funding, Dataiku continues to grow into its role

as a market leader, now employing more than 750 people in offices around the

world, including New York, Paris, London, Munich, Sydney, and Singapore.

About Dataiku

Dataiku(https://www.dataiku.com/company/customers/) is the world's leading

platform for Everyday AI, systemizing the use of data for exceptional business

results. More than 450 customers across banking, insurance, pharmaceuticals,

manufacturing, retail, and more use Dataiku to elevate their people to

extraordinary, arming them with the ability to make better day-to-day decisions

with data.

Dataiku was founded in 2013 and has garnered praise from industry

analysts(https://www.dataiku.com/company/customers/) for leading the charge in

the democratization of AI ever since. The company most recently raised $100

million in a Series D funding round in 2020, and has grown the team to more

than 750 employees worldwide. Dataiku was named to the Forbes Cloud 100 in 2019

and 2020 as well as the Forbes AI 50 in 2020 and 2021. Silicon Republic pegged

Dataiku as one of the "7 data science start-ups shaking up AI and analytics" in

late 2020, and CB Insights named Dataiku to the AI 100 2021 as one of the most

innovative startups. Dataiku is consistently named on "best companies to work

for" lists, including lists from Forbes and Inc.

Source: Dataiku