Dataiku Secures $100M Series D

Enterprise artificial intelligence and machine-learning platform Dataiku announced a Stripes-led $100 million Series D round of funding Monday.

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Tiger Global Management also made a major investment in the round that also included existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital and ICONIQ, the company said in a written statement. Including the new funding, New York-based Dataiku has raised a total of $246.8 million in venture-backed funding since its inception in 2013, according to Crunchbase data. The company raised its largest funding to date, a $101 million Series C, back in December 2018.

Dataiku is helping more than 300 customers, such as Schlumberger, GE Aviation, Sephora and Unilever, use their data to create machine-learning and AI models for operational projects, such as driving fraud detection, customer churn prevention, predictive maintenance, and supply chain optimization, the company said.

The funding will be used to expand its leadership, the company said. Its team has grown to more than 450 people worldwide in New York, Paris, London, Frankfürt, Dubai, Amsterdam, Sydney and Singapore.

Dataiku is Stripes’ sixth investment this year, according to Crunchbase data. Just prior to this investment, it was announced in July that Stripes had participated in mobile payment service startup Remitly’s $85 million Series F.

Ron Shah, partner at Stripes, said in a written statement that Dataiku is leading the shift in enterprise AI taking their projects from experimentation to real-life implementations.

“Dataiku is at the forefront of that shift with the most comprehensive, secure and enterprise ready product we have seen in our extensive research into this market,” he added.

Illustration: Li-Anne Dias