Data startup raises $28M, plans to grow NYC team

Liz Warren

Dataiku, the data science platform that uses machine learning to give companies actionable insights, just announced a $28 million Series B funding round led by Battery Ventures with participation from FirstMark, Serena Capital and Alven. This comes on the heels of a $14 million Series A funding round in October 2016.

Part of the recent investment will be spent right here in NYC. The company just opened up its U.S. headquarters in the Financial District and plans to hire 40 employees to fill roles in advanced data science, social media, sales and marketing.

“We chose New York to be our global headquarters because it is perfectly located for communication and collaboration between our European and U.S. teams,” said CEO Florian Douetteau. “New York is also a hub of Big Data innovation and we’re looking forward to contributing to that community with our popular Dataiku user groups.”    

Dataiku has seen impressive growth over the past few years, and Douetteau attributes that to the influx of a universal need for better data.

“The ‘data scientist’ has been described as the sexy job of the next few decades, and Dataiku makes analysts, statisticians, data engineers and data scientists more productive,” said Douetteau. “We anticipate aggressive hiring to match this growth. The additional funding will allow us to recruit the best possible team to serve our clients and return value to our shareholders, which includes the Dataiku team.”

He added that the team works together to build analytically-driven AI applications so companies can “disrupt themselves.”

“Our product allows companies to become data-driven regardless of whether they are a new company or an established company looking to innovate.”

 

Image via Shutterstock.

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