French startup Dataiku announced it has raised $14 million in venture capital in a round led by New York’s FirstMark Capital.
Founded in 2013, 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 goal is to allow companies to tap into the insights that are often promised by big data but that can prove elusive, according to Dataiku cofounder and CEO Florian Douetteau.
“Our founders were sharing the same frustration that it was too difficult to get things done in big data,” he said. “There was a big discrepancy between big data as it was talked about in the media and how companies were still struggling to get things done with these technologies.”
Dataiku, founded in Paris, has 60 employees. This includes 10 in New York City, where the company has now moved its headquarters. The company had previously raised a $3.6 million round of seed funding in 2015, from Alven Capital and Serena, who also participated in this latest round.
“As the big data market reaches early maturity, the time has come for a platform that makes everything and everyone work together, whether it is Hadoop, machine learning, data scientists, or data analysts, and that is exactly what Dataiku offers,” said Matt Turck, managing director at FirstMark Capital, in a statement.
The company will use this round of funding to expand its sales efforts in the U.S., Europe, and Asia.
“It will allow us to move to the next step, which is to grow the company where it becomes a kind of leader in this new category,” Douetteau said. “We want to hire 60 more people. And we will open an office in the U.K. by the end of this year.”
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