News & Views
DataRobot gets series G funding
Augmented Intelligence leader, DataRobot (www.datarobot.com) receives a $300 million Series G funding round to fuel platform innovation and enable DataRobot to bring the transformative impact of Augmented Intelligence to customers around the world.
Now valued at $6.3 billion post-money, DataRobot has more than doubled the valuation from its prior round raised in November last year. The round was led by return investors Altimeter Capital and Tiger Global and joined by new investors Counterpoint Global (Morgan Stanley), Franklin Templeton, ServiceNow Ventures, and Sutter Hill Ventures.
“This new investment further validates our vision for combining the best that humans and machines have to offer in order to power predictive insights, enhanced data-driven decisions, and unprecedented business value for our customers,” says Dan Wright, CEO of DataRobot. “DataRobot is seeing more customers across the globe choose our platform to solve their biggest challenges at scale. We are grateful to have the continued support of Altimeter, Tiger, and other world-class investors as we continue to increase our innovation lead during the next phase of our company’s growth.”
“DataRobot is extremely well positioned to capitalize on a tremendous opportunity in the history of software as every company looks to unlock the full potential of their data to drive AI-powered business insights,” says Brad Gerstner, Founder and CEO, Altimeter Capital. “We’re thrilled to double down on our investment in DataRobot and partner with Dan and the rest of the superb leadership team for the long term.”
DataRobot’s Augmented Intelligence platform is currently trusted by a third of the Fortune 50 companies.