AI firm Dataiku secures $200m to underpin growth

Dataiku, the artificial intelligence (AI) and machine learning company has raised $200m in Series F funding led by Wellington Management, at a $3.7bn valuation.

The investment brings the company’s total primary funding since inception to approximately $600m.

This latest investment reinforces Dataiku’s leadership position and will help accelerate its platform capabilities and prepare the company for its next phase of strong, sustainable growth, the company said in a statement.

“Dataiku’s proven track record, management team, growth trajectory and customer roster, positions the company to scale AI to new heights,” stated Matt Witheiler, consumer/technology sector lead, Wellington Management.

We’re pleased to announce Dataiku’s $200M Series F, led by Wellington Management. From our $3.7B valuation to our 1,000+ amazing Dataikers, we have a lot to be grateful for this year— but especially our strong momentum to make #EverydayAI a reality. ? https://t.co/wmEGT04Qnf pic.twitter.com/X1weRUIIXH

— Dataiku (@dataiku) December 13, 2022

“We are pleased to partner and contribute to their impressive journey. Dataiku has taken a leadership position helping enterprises put massive datasets to work at unprecedented speed and creating a culture of AI focused on delivering compounding business results.”

“Enterprises overwhelmingly understand that now is the time to embrace AI — or risk falling behind,” said Florian Douetteau, co-founder and CEO of Dataiku.

“Our ability to attract new market-leading investors, like Wellington, in this challenging environment underscores the strength of our solutions, our world-class team, and the tremendous opportunities ahead. We are on the cusp of a massive market transformation with AI at the heart of it—and we are ready to meet the moment.”

In 2022, the company surpassed $150m in annual recurring revenue and grew its customer base above 500.

Read: The AI talent factory – what it is and how to build it