Dataiku, an emerging market leader in end-to-end advanced analytics and collaborative data science, just closed $14 million Series A investment round, led by New York venture capital firm, FirstMark Capital, with participation from all existing investors.
Dataiku, which is based in Paris and New York, offers a unique collaborative tool that enables teams of data scientists and data analysts to quickly prototype and easily deploy scalable data-driven solutions in production, across the enterprise.
With this latest fundraising round, Dataiku will substantially accelerate its commercial efforts in the United States, Europe, and Asia. Dataiku is already serving over 100 customers – from SMBs to Fortune 500 companies – across industries and around the world. The startup experienced 300% growth in 2016, doubled its teams in Europe and in the United States last year alone, and welcomed new customers such as NPR, L’Oreal, Hostelworld, Bechtel, and other Fortune 1000 companies to its community of users.
Dataiku has been profitable since its founding in 2013 and had raised an initial $3.6 million seed (led by Alven Capital and Serena) round prior to this $14 million Series A.
“As the Big Data market reaches early maturity, the time has come for a platform that makes everything and everyone work together, whether it is Hadoop, machine learning, data scientists or data analysts, and that is exactly what Dataiku offers”, said Matt Turck, Managing Director at FirstMark Capital.
He continues: “It is a formidable challenge to build a platform that can do so much, and I am deeply impressed by the breadth, depth, and maturity of Dataiku’s product: powerful data blending and wrangling capabilities, a rich native coding environment for data scientists, intuitive tools for data analysts, powerful collaboration features, and rock solid capabilities to deploy predictive analytics in production enterprise-wide, with deep attention to security and data governance. The market has rightly recognized this feat, and Dataiku has been growing explosively. I am thrilled that Dataiku chose FirstMark to lead their Series A.”
As the demand for in-house built data solutions continues to be a big challenge for many organizations, Dataiku recognizes the need to empower data teams with a platform that streamlines and accelerates the development process – from raw data to complete predictive application. Sounds complicated? I agree! Check out the video below this article in order to learn more about what Dataiku actually offers.
Dataiku CEO, Florian Douetteau stated: “At Dataiku, we believe anyone should be able to contribute to the data science process. Every individual can be effective if given the freedom to use the technologies, languages, or interface that he or she knows best. That’s also how business and IT teams can work together, which is the key for a truly data-driven enterprise. This is why we strive to deliver a platform that maximizes team collaboration and efficiency without removing technical depth and usability,”
This year, Dataiku has tackled the growing problems that organizations face when empowering and scaling data teams, harnessing data governance, and delivering quality data products rapidly around the globe. In August, the young company released their latest software update.