DataRobot, a Boston, MA-based Augmented Intelligence company, raised $300m in Series G funding round.
The round, which valued the company at $6.3 billion post-money, was led by return investors Altimeter Capital and Tiger Global and joined by new investors Counterpoint Global (Morgan Stanley), Franklin Templeton, ServiceNow Ventures, and Sutter Hill Ventures.
The company intends to use the funds to:
- bring its Augmented Intelligence solutions to customers around the world,
- strengthen its Augmented Intelligence platform, and
- build out the go-to-market team, including hiring across North America, EMEA, and Asia Pacific/Japan.
Led by Dan Wright, CEO, DataRobot provides an Augmented Intelligence platform currently used by large and small companies across industries to solve key business challenges, including building better products, improving customer relationships, more accurately forecasting demand, and decreasing costs.
In addition to the new round of funding, DataRobot also announced the acquisition of Algorithmia to further its presence as the leader in MLOps and allow customers to rapidly move from experimental to applied AI. The acquisition provides customers with the ability to monitor and manage all models in production while continuously updating those models as data changes to achieve high value with AI.