Jun 29, 2021 - Economy & Business

Scoop: DataRobot raises $250 million for enterprise AI

Illustration of people with megaphones yelling over an AI robot.
Illustration: Aïda Amer/Axios

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.
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