Dataiku Raises $28M Series B to Help Spread Data Science and Analytics across Organizations

Dataiku Inc., a maker of Dataiku Data Science Studio (DSS) analytics and collaborative data science tools has announced a $28 million series B funding round led by Battery Ventures and supported by FirstMark, Serena Capital and Alven. The company plans to double its team and accelerate marketing efforts globally while strengthening its platform with new integrations and technologies.

Dataiku previously raised a $14 million series A round, led by FirstMark Capital and previous investors, in October of 2016. 

According to the company, there is growing demand to maximize in-house data production and analysis. Data science has become mission-critical to all types of businesses but the problem is that there are still a limited number of people with true technical, data science capabilities, said Neeraj Agrawal, general partner at Battery Ventures, noting that the DSS product enables technical data scientists to work alongside data analysts to help build and deploy models into production.

Founded in Europe in 2014, the company provides a platform that combines data science and machine learning technologies with collaborative features that allow team members, from coders to analysts, in an organization to contribute to the data science production process using the tools they know best.

With this latest funding round, Dataiku says it plans to hire 100 new team members in the upcoming months, increase global marketing efforts, and accelerate the development of new features and integrations within the platform. In addition to existing offices in Paris and London, the company also has opened new downtown New York City headquarters. 

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