Dataiku, a US-based data technology developer, has secured $400m in a series E round featuring CapitalG, the growth equity arm of internet and technology group Alphabet, at a valuation of $4.6bn.
The round was led by Tiger Global and also backed by Iconiq Growth, FirstMark Capital, Battery Ventures, Snowflake Ventures, Dawn Capital, Insight Partners, Eurazeo, Lightrock and private investor Olivier Pomel.
Founded in 2013, Dataiku provides a cloud-based platform that enables data scientists, analysts and engineers to design and manage artificial intelligence and analytics applications.
The platform covers a range of different use cases, from fraud detection to customer churn prevention, predictive maintenance and supply chain optimisation. It is used by more than 450 businesses across the banking, insurance, pharmaceuticals, manufacturing and retail industries.
Dataiku raised $100m in an August 2020 series D round led by growth equity firm Stripes, with contributions from CapitalG, Tiger Global Management, Battery Ventures, Dawn Capital, FirstMark Capital and Iconiq Capital.
CapitalG had previously acquired shares in Dataiku through a secondary transaction in December 2019, which valued the company at $1.4bn.
Iconiq Capital led a $101m series C round for Dataiku in December 2018, investing alongside Dawn Capital, Battery Ventures, FirstMark Capital and Alven Capital.
This followed a $28m series B round led by Battery Ventures the previous year, which was backed by FirstMark, Alven Capital and Serena Capital.