Scoop: DataRobot raises $250 million for enterprise AI
DataRobot, a Boston-based enterprise AI company, has quietly raised around $250 million in new funding led by existing investors Altimeter Capital Management and Tiger Global at around a $6 billion pre-money valuation, Axios has learned.
Why it matters: This is all about the promise of automated insights, allowing companies to build predictive models based on their reams of data.
- DataRobot previously raised about $750 million, most recently at a valuation just shy of $3 billion.
- Other investors include T. Rowe Price, BlackRock, Silver Lake and New Enterprise Associates.
Source: https://www.axios.com/datarobot-raises-250-million-enterprise-ai-e376116d-ecf3-4dd8-b3ac-21692070a778.html?utm_campaign=Universal%20Newsletter&utm_medium=email&_hsmi=138853257&_hsenc=p2ANqtz-8BY7XfQLN-3EZC0A4NZ1EDYKzivzXAjY6Oz2ttDrHBS4qgfPHnyYjguOtdoV5DcDMhXNoWDwAPeW4xjBKFNqeUHTr1fvKU8ZsXJmweC9Pdi8bHTRk&utm_content=138813282&utm_source=hs_email