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Pro Rata

Axios Pro Rata

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. 

Scoop: DataRobot raises $250 million for enterprise AI

The Boston-based company is now worth more than $6 billion.

Illustration of people with megaphones yelling over an AI robot.

Venture capital

Economy

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.

Economy & Business

From the Valley to D.C., Big Tech players like Facebook, Google and Amazon are under more scrutiny than ever as new technology develops and privacy and antitrust concerns grow in lockstep with companies’ ambitions.

Technology

Scoop: DataRobot raises $250 million for enterprise AI

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