DataRobot Acquires Paxata to Bolster its End-to-End AI Capabilities

BOSTON – December 12, 2019 – DataRobot, the leader in enterprise AI, today announced that it has entered into a definitive agreement to acquire Paxata, the pioneer of self-service data preparation and leading data fabric provider, to fulfill its mission to build the world's first automated end-to-end enterprise AI platform. While the massive impact of AI on enterprises is well understood -- PwC forecasts by 2030 AI could contribute $15.7 trillion to the global economy -- companies must overcome several key challenges associated with AI in order to reap the benefits and become successful. Data preparation is one area that has historically held companies back. Creating a dataset for training predictive models, deploying data prep steps with AI models, and preparing data specific to AI routines are all major challenges companies face when it comes to leveraging data at scale. By providing tools that help users build automation into their data prep processes, the Paxata acquisition will alleviate these pain points for customers and dramatically enhance their ability to achieve AI-driven outcomes rapidly.