CapitalG, the investment arm of internet and technology group Alphabet formerly known as Google Capital, has acquired shares in US-based data technology developer Dataiku at a valuation in excess of $1bn.
The shares were bought from venture capital firm Serena Capital in a secondary transaction that also involved VC fund Dawn Capital increasing its stake. The deal valued Dataiku at $1.4bn according to TechCrunch.
Dataiku is the creator of a collaborative software platform that enables data scientists, analysts and engineers to work together on their own data products. The product allows data to be charted in more than 20 different ways and there are some 80 methods of optimising data.
CapitalG partner Derek Zanutto said: “Dataiku has a proven track record of solving real business problems for enterprise organisations 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 democratises data and breaks down barriers between data scientists and business analysts.”
The company last raised money in a $101m series C round in December 2018 that took its total funding to $146m. Iconiq Capital led the round, which included Dawn Capital, Alven Capital, Battery Ventures and FirstMark Capital.
The round came in the wake of a $28m series B round led by Battery Ventures and backed by Serena Capital, FirstMark and Alven Capital in September 2017. Serena Capital first invested in 2015 when it co-led a $3.6m seed round with Alven.
