Monday 24 August 2020

Dataiku secures US$100 million in investment round to extend leadership in enterprise AI market

KUALA LUMPUR, Aug 24 -- Dataiku, a leading global Enterprise AI and machine learning platform, has announced a US$100 million Series D investment round led by Stripes, with major investment by Tiger Global Management. (US$1 = RM4.18)

This includes participation from existing investors – Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ.

According to a statement, the funding comes as Dataiku continues to drive AI within the enterprise, serving over 300 customers who understand that a collaborative and end-to-end AI strategy is critical to their success.

“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,” said Dataiku's co-founder and chief executive officer, Florian Douetteau.

“Our leadership in enterprise AI continues to attract world-class investors who understand that Dataiku’s solution and customer base are truly global and that we’re uniquely positioned to help businesses realise the untapped potential for AI to transform the enterprise.”

Founded in 2013, Dataiku aimed to take machine learning and AI projects out of experimental labs and put them into everyday operations that are truly woven into the fabric of a company.

Dataiku serves hundreds of customers worldwide, including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka and Santander. Its team has grown to over 450 people including in New York, Paris, London and Singapore.

-- BERNAMA

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