Today, we are thrilled to announce a $14 million Series A investment round led by New York venture capital firm, FirstMark Capital, with participation from all existing investors. With this latest fundraising round, we plan on substantially accelerating our commercial efforts in the U.S., Europe, and Asia.
"As the big data market reaches early maturity, the time has come for a platform that makes everything and everyone work together, whether it is Hadoop, machine learning, data scientists, or data analysts, and that is exactly what Dataiku offers," said Matt Turck, Managing Director at FirstMark Capital.
"It is a formidable challenge to build a platform that can do so much, and I am deeply impressed by the breadth, depth, and maturity of Dataiku’s product: powerful data blending and wrangling capabilities, a rich native coding environment for data scientists, intuitive tools for data analysts, powerful collaboration features, and rock-solid capabilities to deploy predictive analytics in production enterprise-wide, with deep attention to security and data governance."
"The market has rightly recognized this feat, and Dataiku has been growing explosively. I am thrilled that Dataiku chose FirstMark to lead their Series A," Turck concluded.
The demand for in-house-built data solutions continues to be a major challenge for most organizations. At Dataiku, we recognize the need to empower data teams with a platform that streamlines and accelerates the development process — from raw data to complete predictive application. That's why we built the unique collaborative tool that enables teams of data scientists and data analysts to quickly prototype and easily deploy scalable, data-driven solutions in production.
This year, we have successfully tackled the growing problems that organizations face when empowering and scaling data teams, harnessing data governance, and delivering quality data products rapidly around the globe. In fact, in 2016 alone:
- We experienced 300% growth,
- We doubled our teams in Europe and in the U.S.
- We welcomed new customers such as NPR, L’Oréal, HostelWorld, Bechtel, and other Fortune 1000 companies to our community of users.
"This is why we strive to deliver a platform that maximizes team collaboration and efficiency without removing technical depth and usability. We are proud to have FirstMark Capital by our side and truly honored by their recognition of Dataiku as the solution that will enable organizations to quickly accelerate growth and time to insight by scaling data science. I firmly believe that Dataiku is on its way to breaking the unnecessarily siloed steps involved in the data science process and providing a new kind of data analytics platform which is both cross-user and cross-domain," Douetteau concluded.
We'd like to thank our users, friends, families, and supporters for accompanying us on the Dataiku journey. If it weren't for you all, we wouldn't be celebrating such an important milestone in our growth today. We look forward to celebrating more great times with you for years to come!