Alven’s portfolio Dataiku, the world’s leading platform for Everyday AI, today announced a $400M Series E led by Tiger Global, with the participation from several existing investors, including ICONIQ Growth, CapitalG, FirstMark Capital, Battery Ventures, Snowflake Ventures, and Dawn Capital, as well as new investors, including Insight Partners, Eurazeo, Lightrock and Datadog CEO Olivier Pomel. This capital, which brings the company’s valuation to $4.6B, will power Dataiku’s mission to systemize the use of data for exceptional business results.
Dataiku, founded in 2013, enables over 450 companies globally to leverage one end-to-end platform to design, deploy, and manage AI and analytics applications. The company is rooted in the belief that any company can win in their market through Everyday AI. Dataiku also facilitates using prebuilt components and automation wherever possible to streamline work processes as well as consistent management and governance across teams and projects to create transparent, repeatable, and scalable AI and analytics programs.
The company has been a proven leader in the space since its creation and, despite the global pandemic, has only accelerated its dominance in the past few years. Dataiku understands the market thanks to experience working hand in hand with customers, fostering a deep understanding of the tensions they are facing when trying to implement AI initiatives.
“Organizations that use Dataiku elevate their people – whether technical and working in code, or on the business side and low- or no-code – to extraordinary, arming them with the ability to make better day-to-day decisions with data”, said Florian Douetteau, co-founder and CEO of Dataiku. “This latest round of funding is a proof point that everyday AI is the future, and we’re excited to help many more companies realize its benefits.”
Companies worldwide use Dataiku to systemize their use of data and AI, driving diverse use cases from fraud detection to customer churn prevention, predictive maintenance to supply chain optimization, and everything in between. With this round of funding, Dataiku continues to grow into its role as a market leader, now employing more than 750 people in offices around the world, including New York, Paris, London, Munich, Sydney, and Singapore.
Alven is supporting Dataiku since the fund led its seed round in 2015.