The latest winner of the growing interest in enterprise AI is Databricks, a startup that has just secured $1.6 billion in series H funding at an insane valuation of $38 billion. This latest round of investment comes only months after Databricks raised another $1 billion. Databricks is one of several companies that offer services and products for unifying, processing, and analyzing data stored in different sources and architectures. The category also includes Snowflake, which made a massive IPO last year and has a market cap of $90 billion, and C3.ai, another enterprise AI company that went public last year. Why are investors enamored with companies like Databricks?

"Our leadership in enterprise AI continues to attract world-class investors who understand that Dataiku's solution and customer base are truly global and that we're uniquely positioned to help businesses realize the untapped potential for AI to transform the enterprise," said Florian Douetteau, co-founder and CEO of Dataiku. "In a global business market rocked by the changes 2020 has brought, AI has proven to be a critical element of organizational success driving business growth in every major vertical market." Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations that are truly woven into the fabric of a company. Dataiku serves hundreds of customers worldwide, including Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka, and Santander. Its team has grown to more than 450 people worldwide in New York, Paris, London, Frankfürt, Dubai, Amsterdam, Sydney, and Singapore.

Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday …

Dataiku was founded in 2013 with the mission to take machine learning and AI projects out of experimental labs and put them into everyday operations …

As per the market analysis in 2018 enterprise AI market is valued at 1211.60 million USD. The market is expected to grow to 15042.32 million by 2024 as end users are seeing immense potential in process automation. The operational efficiency has grown in organisations that have implemented artificial intelligence. This has also resulted in running businesses in an extremely cost-efficient way. Organisations are always up for reducing their operational costs and do regular work more efficiently. They're always behind catching up with cutting edge technologies as the nature of technology has always been to bring more power to the system and make tasks less tedious.