Scoop: DataRobot raises $250 million for enterprise AI
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.