Dataiku has scored its second round of funding, a $28 million investment led by Battery Ventures that the French company says will be used to increase hiring and marketing around the world.
The funding follows a first round of $14 million raised in 2016 that was led by returning investor FirstMark. Serena Capital and Alven also returned for this round, after having originally backed Dataiku with a $3.6 million round of seed funding in 2015.
Founded in 2013 by a group of French entrepreneurs, the company has since moved its headquarters to New York City, though the bulk of its development team remains in Paris.
Dataiku has created a cloud-based platform designed to make the huge amounts of data being gathered by companies more accessible to both data scientists and non-engineers. The idea is to simplify the interface around the data gathered by companies to allow more team members to analyze and dissect it.
In addition, the platform uses machine learning to help users tap into the insights that are often promised by big data but that can prove elusive, according to Dataiku cofounder and CEO Florian Douetteau.
“We have significant customers on both sides of the Atlantic,” Douetteau said. “And we have a product that has the potential to be one of the leaders in this software category. ”
The company now has about 100 employees and plans to use the new funding to double that headcount. In addition to New York and Paris, Dataiku also now has an office in London.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform
- networking features, and more