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DataRobot, Inc. is an American automated machine learning platform for business analysts and data scientists. It offers a machine learning platform for data scientists of all skill levels to build and deploy accurate predictive models in a fraction of the time it used to take. The technology addresses the critical shortage of data scientists by changing the speed and economics of predictive analytics.
By making data scientists more productive and enabling the democratisation of data science, DataRobot helps organisations transform into AI-driven enterprises. DataRobot is backed by $225 million in funding from top-tier firms, including New Enterprise Associates, Sapphire Ventures, Meritech, and DFJ.
DataRobot was founded in 2012. During their seed funding round in 2013, led by Atlas Venture’s Chris Lynch, the company raised US$3.3 million. With this, the company announced its movement from West Hartford, Connecticut, to Chatham Street in Boston. The company organised a Series A investment round in 2014, where it raised US$ 21 million in investment, led by New Enterprise Associates (NEA). Others participating in the round were Accomplice, Intel Capital, IA Ventures, Recruit Strategic Partners, and New York Life.
In 2015, the company launched the world’s first automated machine-learning solution. It received its first patent for predictive data analytics in 2015. Then, in 2016, during its Series B investment round, the company raised US$ 33 million.
Its first acquisition happened in 2017 when DataRobot acquired Nutonian, Inc., a data science software company specializing in time series analytical modelling. During the March of the same year, DataRobot raised US$ 67.2 million in Series C investment. The company acquired Nexosis, an automated machine-learning software company based in Columbus, Ohio in July 2018. It also raised US$ 100 million in Series D investment round during the same year.
In 2019, DataRobot acquired Cursor, a data collaboration platform, and ParallelM, a CA-based company that created the machine learning operations (MLOps) category. The company raised US$ 320 million in Series F investment. DataRobot acquired Zepl, a cloud data science and analytics platform, and Algorithmia, a machine learning operations (MLOps) platform, and raised US$ 300 million in Series G Investment in 2021.
DataRobot’s mission is to change the way businesses all over the world make their most important decisions. And they’re realising that vision by delivering powerful artificial intelligence and machine learning solutions that are relevant and accessible to all.
DataRobot envisions to democratise access to AI. The company delivers a unified platforms for its users. It offers solutions to all data types and environments for an accelerated delivery of AI for every business.
