DataRobot offers an enterprise Augmented Intelligence platform that democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. The platform combines software and implementation, training, and support services to help organizations deliver AI at scale and optimize performance over time. DataRobot says its platform is trusted by a third of the Fortune 50 and is used to drive predictive insights, improve forecasting, and reduce costs. The company announced the acquisition of Algorithmia to strengthen its MLOps capabilities and help customers move from experimental to applied AI. DataRobot plans to use new capital to fuel platform innovation and to expand its go-to-market team with hiring across North America, EMEA, and Asia Pacific/Japan. The company has global offices and longstanding backing from many institutional investors. DataRobot offers an enterprise AI platform that democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. The platform is used by many Fortune 500 customers and has hosted the construction of more than two billion machine learning models on its cloud. DataRobot combines software with implementation, training, and support services to help organizations deliver AI at scale and continuously optimize performance. The company says it will use the new financing to accelerate rapid global growth. The announcement positions DataRobot as a leader in delivering trusted AI technology and enablement services across industries. The press release highlights strong market demand driven by data, cloud, and business intelligence trends and frames the company as poised to expand further. DataRobot provides a machine-learning platform aimed at analysts, developers and data scientists to accelerate building predictive models and delivering them as APIs. The company announced DataRobot MLOps, a tool to manage, monitor, and deploy machine-learning models across large organizations. It plans to use the new funding to continue building out its product line and pursue acquisitions where it makes sense. DataRobot reports triple-digit recurring revenue growth dating back to 2015 and says one billion models have been built on its platform. Customers named in the article include Humana, United Airlines, Harvard Business School and Deloitte. Founded in 2012 and based in Boston, the company has raised $431 million to date. DataRobot, founded in 2012 and based in Boston, offers an enterprise automated machine-learning platform that automates the process of building, training, evaluating, and deploying models. The platform incorporates a library of hundreds of open-source algorithms and runs model training and evaluation in parallel to deliver AI applications at scale. Over the last four years the company has processed over half a billion unique datasets and customers have built more than one billion models on the platform. DataRobot’s technology is used across industries and by organizations of all sizes to reduce costs, find new revenue opportunities, and identify threats. The company plans to expand its product portfolio, grow global operations, and develop its services offering. To date DataRobot has raised $225 million in total funding. DataRobot provides an enterprise-class platform that incorporates a library of hundreds of open-source machine-learning algorithms for data scientists of all skill levels. The platform automates the training and evaluation of predictive models across industries such as insurance, banking, healthcare, and fintech. Led by CEO and co-founder Jeremy Achin, the company serves enterprise customers and works with channel and technology partners including Cloudera, Alteryx, global systems integrators, analytics solution providers, and VARs. DataRobot said it will use the new funding to double the size of its research and development team and accelerate time-to-market for new features and capabilities. Additional plans include expanding its global presence and increasing support and expansion for global channel and technology partners. Financially, DataRobot closed a $54M first close of a Series C round, bringing total funding to $111M, with an additional undisclosed amount expected in a second close.

Total raised

$987M

Funding rounds

8

Latest round

Series G

Latest activity

Jul 2021