Artificial intelligence (AI) firm Dataiku has raised $200 million in a Series F funding round led by new backer Wellington Management at a reduced valuation of $3.7 billion.
The company raised $400 million in its Series E funding round in August last year at a valuation of $4.6 billion.
The new investment brings Dataiku’s total capital raised to date to approximately $600 million.
Founded in 2013 and headquartered in New York, USA, Dataiku’s tech enables organisations to deploy AI and machine learning for various use cases including predictive maintenance, supply chain optimisation, quality control in precision engineering and marketing optimisation, among others.
It plans to use the new money to enhance its platform capabilities and help prepare the company for its next stage of growth.
The firm claims that in 2022 it grew its client list to over 500 businesses, which includes “150 of the world’s largest enterprises”. Dataiku also claims to have surpassed $150 million in annual recurring revenue.
““Enterprises overwhelmingly understand that now is the time to embrace AI —or risk falling behind,” says Florian Douetteau, co-founder and CEO of Dataiku.
Doutteau adds that the fresh investment “in this challenging environment” underscores the capability of Dataiku’s solutions and the opportunities for AI going forward.
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