Dataiku closes $400m Series E round, reaches $4.6bn valuationDataiku closes $400m Series E round, reaches $4.6bn valuation
Datadog CEO Olivier Pomel and Insight Partners among new investors
August 5, 2021
Snoflake Ventures invests yet again
DIY analytics startup Dataiku has closed a $400 million Series E funding round, led by Tiger Global.
Among the company’s new investors were Insight Partners, Lightrock, and Datadog CEO Olivier Pomel.
Several existing investors, including ICONIQ Growth, Battery Ventures, and Snowflake Ventures also joined the round.
The newly secured capital will be used to grow the company, which currently employs 750 people across offices in New York, Singapore, and Munich.
“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,” Florian Douetteau, CEO at Dataiku, said.
All the monies
Founded in 2013, Dataiku now supports more than 400 customers, including brands like Unilever, Sephora, and BNP Paribas.
The company recently launched Dataiku Online – a fully managed version of its data science studio aimed at smaller businesses and startups. The service provides users with tools for data preparation and visualization, AutoML, and dashboard creation, integrating with data storage tools from Google Big Query, Snowflake, and Amazon Redshift.
Snowflake, which participated in Series E, already invested in Dataiku in late March, bringing ties even closer together following the formation of an ‘enhanced partnership’ last November.
“As a trusted partner, we’ve deployed joint solutions to dozens of shared customers, and we’re proud to be quite literally invested in their future success,” said Stefan Williams of Snowflake Ventures.