Dataiku Secures $14M in Series A Funding

dataikuDataiku Inc., a Paris and NYC-based advanced analytics and collaborative data science platform, raised $14m in Series A funding.

The round was led by New York-based venture capital firm FirstMark Capital, with participation from all existing investors.

The company, which had raised an initial $3.6M seed (led by Alven Capital and Serena) round, intends to use the funds to accelerate its commercial efforts in the United States, Europe, and Asia.

Led by CEO Florian Douetteau, Dataiku offers a collaborative tool that enables teams of data scientists and data analysts to prototype and deploy scalable data-driven solutions in production, across the enterprise.
They can collaboratively build predictive dataflows to detect fraud, reduce churn, optimize internal logistics, predict future maintenance issues, and more.

The company recently released their latest software update becoming completely Spark Native by supporting the programming language Scala (in addition to Python, R, Pig, Hive, SQL, and more). Dataiku 3.1 also announced the full integration of 5 visual machine learning backends (H2O Sparkling Water, Spark MLlib, Scikit-Learn, XGBoost, and Vertica ML), enabling analysts to build models without having to type a single line of code.

Dataiku is already serving over 100 customers – from SMBs to Fortune 500 companies – in industries ranging from e-commerce, to industrial factories, to finance, to insurance, to healthcare, and pharmaceuticals around the world including NPR, L’Oreal, Hostelworld, Bechtel, and other Fortune 1000 companies.
Technology partners include Microsoft, Cloudera, Tableau, Databricks, and HP Vertica, amongst a dozen others.




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