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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.

Go deeper

Bryan Walsh, author of Future
Jun 29, 2021 - Technology

A Hippocratic Oath for your AI doctor

Illustration: Aïda Amer/Axios

A broad new report from the World Health Organization (WHO) lays out ethical principles for the use of artificial intelligence in medicine.

Why it matters: Health is one of the most promising areas of expansion for AI, and the pandemic only accelerated the adoption of machine learning tools. But adding algorithms to health care will require that AI can follow the most basic rule of human medicine: "Do no harm" — and that won't be simple.

2 hours ago - World

Biden: U.S. combat mission in Iraq will end this year

Biden returning to the White House on July 25. Photo: Samuel Corum/Getty Images

The United States' combat mission against the Islamic State in Iraq will be completed "by the end of the year," President Biden said Monday prior to a meeting with Iraqi Prime Minister Mustafa al-Kadhimi.

Why it matters: Biden is close to shifting the U.S. military mission in Iraq to a fully advisory role more than 18 years after combat troops were sent to the country under the former President George W. Bush.

How extreme weather feeds inflation

Illustration: Annelise Capossela/Axios

This summer's extreme weather is having ripple effects that could raise food prices in the U.S. and disrupt diets around the world.

Why it matters: Climate scientists and food supply experts, like those at the Food and Agriculture Organization (FAO) in Rome, have long warned about the impact of human-caused global warming on prices, food shortages and hunger.