DataRobot Scoops Up $270M
BOSTON, MA, DataRobot, the leading enterprise AI platform, has raised $270 million in a pre-IPO funding round led by Altimeter Capital.
The financing, joined by many new and existing investors including T. Rowe Price, funds and accounts managed by BlackRock, Tiger Global, Silver Lake Waterman, B Capital Group, Glynn Capital, ClearBridge, NEA, and Sapphire Ventures, values the company at over $2.7 billion - more than double its Series E valuation.
DataRobot is the leader in enterprise AI, delivering trusted AI technology and enablement services to global enterprises competing in today's Intelligence Revolution. DataRobot's enterprise AI platform¯democratizes data science with end-to-end automation for building, deploying, and managing machine learning models. This platform maximizes business value by delivering AI at scale and continuously optimizing performance over time. The company's proven combination of cutting-edge software and world-class AI implementation, training, and support services, empowers any organization - regardless of size, industry, or resources - to drive better business outcomes with AI.¯
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