DataRobot, a Boston, MA-based provider of an enterprise AI platform, raised $270m in a pre-IPO funding.
The round, valued the company at over $2.7 billion, was led by Altimeter Capital with participation from many new and existing investors including T. Rowe Price, funds and accounts managed by BlackRock, Tiger Global, Silver Lake Waterman, B Capital Group, Glynn Capital, ClearBridge, NEA, and Sapphire Ventures.
The company intends to use the funds to continue to expand its business reach.
Led by Dan Wright, President & COO, and Jeremy Achin, CEO & Co-Founder, DataRobot provides global enterprises with AI technology and enablement services featuring end-to-end automation for building, deploying, and managing machine learning models. The platform is used by many of the Fortune 500 and customers have built more than two billion machine learning models on its cloud platform.
The company has offices across the globe.