US-based data technology developer Dataiku secured $100m today in a series D round featuring CapitalG, the growth equity subsidiary of internet and technology group Alphabet.
Growth equity firm Stripes led the round, while Tiger Global Management, Battery Ventures, Dawn Capital, FirstMark Capital and Iconiq Capital also contributed. The company did not disclose a valuation but chief executive Florian Douetteau told Forbes it remained above $1bn.
Founded in 2013, Dataiku provides cloud-based software that enables employees such as data scientists and engineers to collaborate on unstructured data using artificial intelligence, removing the need to build in-house systems.
The technology has broad applications, from offering customers personalised recommendations in online stores to detecting fraud in the financial services industry.
CapitalG acquired shares in Daitaku through a secondary transaction in December 2019 at a valuation of $1.4bn, following $146m in earlier equity financing.
Iconiq Capital led the company’s $101m series C round in late 2018, investing together with Dawn Capital, Battery Ventures, FirstMark Capital and Alven Capital. It came after a $28m series B led by Battery Ventures the previous year that included FirstMark and existing backers Alven Capital and Serena Capital.
Florian Douetteau, Dataiku’s co-founder and CEO, said: “Our leadership in enterprise [artificial intelligence] continues to attract world-class investors who understand that Dataiku’s solution and customer base are truly global and that we are uniquely positioned to help businesses realise the untapped potential for AI to transform the enterprise.
“In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organisational success driving business growth in every major vertical market.”
