Deals

DataRobot Raises $54M in Series C Funding
Date: 
Thursday, March 23, 2017
Location: 
Boston
Categories: 
B2B
Big Data & Analytics
Deal Type: 
Funding

Leader in Automated Machine Learning, DataRobot, today announced the first close in its Series C financing. This secures an additional $54 million, bringing total funding to $111 million. A significant but undisclosed amount of additional funding is expected in an imminent second close of the round. Jeremy Achin, CEO and Co-Founder of DataRobot, sets out the company’s value proposition and the opportunity the funding provides:

“The number of AI and machine learning (ML) solutions being generated by all the data scientists in the the world is not even making a dent in the massive demand for these solutions, and this deficit is growing rapidly as executives across the globe–in all verticals–realize that an AI-driven organization is now a necessity... READ MORE