DataRobot, founded in 2012 by Jeremy Achin and Tom de Godoy, is a Boston-based AI and machine-learning platform that empowers enterprises to automate the entire data science lifecycle. DataRobot offers a cloud-native AI platform that streamlines model building, deployment, and monitoring using R, Python, Spark, and TensorFlow. By unifying data preparation, automated modeling, and predictive analytics, DataRobot enables organizations to accelerate AI adoption, enhance decision-making, and scale enterprise-wide machine-learning initiatives efficiently across industries like finance, healthcare, and manufacturing.
What Is DataRobot and What Does It Do?
DataRobot, founded in 2012 by Jeremy Achin and Tom de Godoy, is a Boston (United States)-based AI and machine-learning platform provider.
With a team of around 450 employees, DataRobot operates as a leading AI and cloud-based data science company that automates the entire modeling lifecycle for enterprises.
Its platform enables businesses to build, deploy, and monitor predictive models across R, Python, Spark MLlib, H2O, TensorFlow, and other open-source libraries, enhancing productivity and decision-making through automation and parallel processing.
How Much Funding Has DataRobot Raised?
1. Seed Round
- Amount Raised: $3.3M
- Date: September 2013
- Motivation: To develop the initial AI automation platform.
2. Series A
- Amount Raised: $21M
- Date: October 2014
- Lead Investors: New Enterprise Associates, Atlas Venture, IA Ventures
- Motivation: To accelerate product development and market entry.
3. Series B
- Amount Raised: $33M
- Date: February 2016
- Lead Investors: New Enterprise Associates, Accomplice, Intel Capital, IA Ventures, Recruit Strategic Partners
- Motivation: To expand enterprise integrations and global reach.
4. Series C
- Amount Raised: $67.7M
- Date: July 2017
- Lead Investors: New Enterprise Associates
- Motivation: To scale operations and enhance automation features.
5. Series D
- Amount Raised: $100M
- Date: October 2018
- Lead Investors: Sapphire Ventures, Meritech, New Enterprise Associates, IA Ventures, DFJ Growth
- Motivation: To strengthen product innovation and enterprise partnerships.
6. Series E
- Amount Raised: $206M
- Date: July 2019
- Lead Investors: Sapphire Ventures, New Enterprise Associates, Meritech, EDBI, Tiger Global Management
- Motivation: To support platform scaling and strategic acquisitions.
7. Series F (Round 1)
- Amount Raised: $270M
- Date: November 2020
- Lead Investors: Altimeter Capital, Tiger Global Management, Glynn Capital, New Enterprise Associates, Sapphire Ventures
- Motivation: To expand enterprise AI automation and strengthen infrastructure.
8. Series F (Round 2)
- Amount Raised: $50M
- Date: December 2020
- Lead Investors: Salesforce Ventures, Hewlett Packard Pathfinder
- Motivation: To enhance integration with major enterprise ecosystems.
9. Series G
- Amount Raised: $300M
- Date: June 2021
- Lead Investors: Altimeter Capital, Tiger Global Management, New Enterprise Associates, Sutter Hill Ventures, SLW
- Motivation: To fuel global expansion and product innovation at scale.
Total Funding Raised: $1.05 Billion
Current Valuation: $2.7 Billion (as of November 2020)
Key Investors
1. T. Rowe Price
- Details: U.S.-based global asset management firm supporting DataRobot’s Series F and G rounds.
- Investment Focus Areas: Public and private equity, technology, and AI-driven startups.
- Notable Investments: DataRobot, Snowflake, UiPath.
2. Glynn Capital
- Details: Growth-stage venture firm focused on enterprise software and AI.
- Investment Focus Areas: SaaS, cloud infrastructure, and data intelligence.
- Notable Investments: DataRobot, Figma, Slack.
3. Tiger Global Management
- Details: Global investment firm investing in technology-driven innovation.
- Investment Focus Areas: AI, fintech, e-commerce, and enterprise SaaS.
- Notable Investments: DataRobot, Stripe, OpenAI.
4. Altimeter Capital
- Details: Venture and growth equity firm supporting transformative software companies.
- Investment Focus Areas: Cloud software, analytics, and enterprise solutions.
- Notable Investments: DataRobot, Snowflake, UiPath.
5. Salesforce Ventures
- Details: Corporate venture arm of Salesforce, backing cloud and AI technologies.
- Investment Focus Areas: CRM, automation, and enterprise AI.
- Notable Investments: DataRobot, Snowflake, Zoom.
Where Is DataRobot’s Headquarters?
DataRobot is headquartered in Boston, Massachusetts, a global hub for technology, data analytics, and innovation. The city’s thriving AI ecosystem and proximity to top research institutions like MIT and Harvard provide access to exceptional engineering talent and enterprise clients, fueling DataRobot’s growth in AI and machine learning innovation.
What’s Next for DataRobot?
DataRobot is advancing toward deeper automation across enterprise workflows, enhancing model observability, and expanding its AI Cloud platform to new industries. The company aims to strengthen integrations with enterprise ecosystems like Salesforce, Snowflake, and ServiceNow while improving model governance and transparency.
With strong investor support and over $1 billion in funding, DataRobot plans to accelerate product innovation, expand in Europe and Asia, and solidify its position as a leader in enterprise AI lifecycle automation.
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