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.

This fundraising news was reported on 2024-07-28. For more information about DataRobot, visit their headquarters at 225 Franklin Street, Boston, MA 02110.