Domino Data Lab, a San Francisco, CA-based provider of an open data science platform, secured $40m in funding round.
The round, which brought total capital raised to $81.2m, was led by Sequoia Capital and Coatue Management.
The company intends to use the funds to continue to deliver new data science platform products, acquire talent, expand globally, and secure and deepen strategic partnerships with companies like SAS and AWS.
Founded in 2013 by Nick Elprin, CEO, Domino Data Lab provides an open data science platform for companies to run their business on models. Model-driven companies like Allstate, Instacart, Dell, and Monsanto use the company’s platform to accelerate research, increase collaboration, and deliver high-impact models.
Domino has earned new business at EasyJet, Lloyds Banking Group, SunCorp Group, and the international insurer BNP Paribas Cardif, and other global enterprises across various industries.