DataRobot Raises $300M in Series G
DataRobot has successfully raised $300M in a Series G at a $6.3B valuation led by Sapphire Ventures, Meritech Capital, CapitalG, TCV, Geodesic Capital, Silver Lake Waterman.
Company Overview
DataRobot is a AI/ML company headquartered in 225 Franklin Street, Boston, MA 02110, founded in 2012 with 1000+ employees.
Enterprise AI platform
Fundraising Details
- Amount Raised: $300M
- Round Type: Series G
- Valuation: $6.3B
- Date: 2024-07-28
- Investors: Sapphire Ventures, Meritech Capital, CapitalG, TCV, Geodesic Capital, Silver Lake Waterman
About DataRobot
Enterprise AI platform The company is positioned in the AI/ML sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: 225 Franklin Street, Boston, MA 02110
- Founded: 2012
- Team Size: 1000+
- Industry: AI/ML
What This Means
This funding round demonstrates strong investor confidence in DataRobot's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The AI/ML sector continues to attract significant investment as companies innovate to meet evolving market demands. DataRobot's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $6.3B valuation marks an important milestone for DataRobot, positioning the company among notable players in the AI/ML industry.
Looking Ahead
With this new capital, DataRobot is well-positioned to execute on its growth strategy and continue building innovative solutions in the AI/ML space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-07-28. For more information about DataRobot, visit their headquarters at 225 Franklin Street, Boston, MA 02110.
