AI Start-up Dataiku Raises $100 Million in Funding

AI start up Dataiku Inc has secured $100 million in Series D funding from Tiger Global Management and existing investors like Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ. The firm plans to use the newly raised funds to expand operations and its business reach.

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Dataiku provides a software platform for building artificial intelligence and machine-learning platform. Chief Executive Officer Florian Douetteau told Forbes that the startup closed its latest $100 million round at a unicorn valuation. Dataiku was previously valued at $1.4 billion after a second-round last December.

The startup aims to improve collaboration between employees and allows organizations to control the development environment more effectively.

Source: Siliconangle