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Dataiku raises $28M to enhance its data tools

Dataiku is a French startup providing collaborative data science tools for data analysts and data scientists. After a $14M Series A in October 2016, they just secured a $28M Series B investment. Battery Ventures led the round with participation from FirstMark, Serena Capital and Alven.

Dataiku is the maker of Dataiku Data Science Studio (DSS), a data science tool designed to solve communications problems between data analysts and data scientists, according to Florian Douetteau, Dataiku’s CEO. This new investment round will help enhance the DSS platform, increase marketing efforts and expand Dataiku’s team. The company has indeed shown strong growth so far in 2017, and is expected to follow this trend.

Data science is no longer a niche subsector of analytics like it was 20 years ago,” said Neeraj Agrawal, general partner at Battery Ventures. “It has become mission-critical to all types of businesses. The problem is that there are still a limited number of people with true technical, data science capabilities. Our work over the last year has led us to conclude that Dataiku’s approach is the right one for many enterprises in the market: The DSS product enables technical data scientists to work alongside data analysts to help build and deploy models into productions. We feel that a platform that allows users of different skill sets to work together is the future of data science products.”

The company, founded in 2014, has now offices in Paris, London and New York City, and serves hundreds of companies around the world such as AXA, L’Oreal, NPR and many others. Dataiku was also one of the laureates of our 2016 Softlanding Program in the U.S in partnership with Systematic.

We want to be the universal platform for data science where you can do anything you imagine for advanced data analytics,” Douetteau said.

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