reduced valuation
Dataiku Raises $200M Series F at a Reduced Valuation
Dataiku announced it raised $200 million in a Series F round this week at a $3.7 billion valuation. This latest valuation is a 20% decline from its August 2021 valuation of $4.6 billion, perhaps reflecting the changing macroeconomic tide. The company's latest round was led by a led by new investor, Boston-based Wellington Management, who seems confident in Dataiku's future: "Dataiku's proven track record, management team, growth trajectory, and customer roster, positions the company to scale AI to new heights. We are pleased to partner and contribute to their impressive journey," Matt Witheiler, consumer/technology sector lead, at Wellington Management, said in a release. "Dataiku has taken a leadership position helping enterprises put massive datasets to work at unprecedented speed and creating a culture of AI focused on delivering compounding business results."