Dataiku, which develops artificial intelligence tools to help companies make sense of their data, announced Tuesday that it has raised $200 million at a $3.7 billion valuation.
Specializing in what it calls “Everyday AI,” Dataiku develops practical AI tools that help businesses synthesize and gain insights from their data. More than 500 companies use Dataiku’s solutions to prevent customer churn, predict maintenance needs and optimize supply chains, to name a few use cases.
This Series F financing round comes more than a year after Dataiku raised a $400 million Series E round at a $4.6 billion valuation. Dataiku’s latest capital raise, led by new investor Wellington Management, will help the company grow its product and prepare for its “next phase of strong, sustainable growth,” according to a statement.
“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,” Matt Witheiler, the head of Wellington’s consumer and technology investment division, said in a statement.
Since its Series E raise last year, Dataiku has grown its customer base from 450 to more than 500. The company also announced this year that it surpassed $150 million in annual recurring revenue.
Dataiku is headquartered in NYC and has more than 1,000 employees around the world. The company is currently hiring for more than 100 roles, including account executives, customer success managers, sales engineers and data scientists.
“Enterprises overwhelmingly understand that now is the time to embrace AI — or risk falling behind,” Dataiku co-founder and CEO Florian Douetteau said in a statement. “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.”
