Deals

DataRobot tests algorithms in the cloud, and poof, just like that, it gets $21M

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Image Credit: Georgia Tech

DataRobot, a startup that built a cloud service for comparing various algorithms that can help data scientists build effective predictive models, has raised $21 million, according to a report today in the Wall Street Journal’s Venture Capital Dispatch.

The startup’s service isn’t available for all to use; it’s still in beta, according to the DataRobot website.

DataRobot didn’t respond to VentureBeat’s request for comment.

Investors have been more than willing to back startups with technology for data scientists and data analysts. Recent beneficiaries include Mode Analytics and Adatao.

New Enterprise Associates led the round. Atlas Venture, IA Ventures, and New York Life Insurance Co. participated in the round, the Journal reported.

DataRobot started in 2012 and is based in Boston. The startup previously raised $3.3 million in September 2013, according to documents filed with the SEC.

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