Connect with us

Private Equity

Venture Capital: AI Platform Dataiku Raises $100M In A Series D Round

Dataiku announced Monday its Series D raise of $100 million led by Stripes with Tiger Global Management joining existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ.

Avatar

Published

on

Venture Capital: AI Platform Dataiku Raises $100M In A Series D Round

https://54.237.64.5/wp-content/uploads/2020/08/venture-capital-ai-platform-dataiku-raises-100m-in-a-series-d-round.png

Enterprise AI platform Dataiku’s latest round was led by Stripes.

Dataiku announced Monday its Series D raise of $100 million led by Stripes with Tiger Global Management joining existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ.

According to CrunchBase, Dataiku, which was founded in 2013, has raised a total of $246.8 million to date. Its previous C round raised $101 million in December 2018. (CrunchBase)

To Forbes, the company confirmed that it was still valued as a unicorn after the recent D round.

Enterprise AI

Dataiku specializes in AI for enterprises, of which it counts more than 300 as customers.

Top flight clients include Schlumberger, GE Aviation, Sephora, Unilever, BNP Paribas, Premera Blue Cross, Kuka and Santander.

Dataiku intends to make AI an integral part of the client’s system structure.

Dataiku co-founder and CEO Florian Douetteau said in a statement: “Our leadership in the enterprise AI field continues to attract world-class investors who understand Dataiku’s truly global solutions and customer base, and they also know that we have unique advantages. Help companies realize the untapped potential of AI to promote corporate transformation.”

Chief customer officer Kurt Muehmel told Forbes that the philosophy of the company was to enable every enterprise to build data and AI solutions for themselves.

Customers should have the ability not to be reliant on a service provider or vendor for this purpose.

Evgenia Plotnikova, partner at investor Dawn Capital, said: “The market has always proven that Dataiku’s collaborative approach is the best way to gain the benefits of AI throughout the organization. Moreover, the agility provided by AI has never been more important in the enterprise.”

Enterprise solutions

Dataiku supports companies on various fronts including model-driven fraud detection, customer churn prevention, predictive maintenance, supply chain optimization, and more.

For example, at Levi’s, the Dataiku system suggests a personalized recommendation system for shoppers. On the other hand, Mercedes-Benz uses Dataiku to forecast business performance.

Related Story:   Data Storer Qumulo Snags $125M in Series E; Turns Unicorn                                               

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

Shape

Latest Alternative Investment News

Source: https://dailyalts.com/venture-capital-ai-platform-dataiku-raises-100m-in-a-series-d-round/

Private Equity

BASH

Avatar

Published

on

” The Leapfunder Note is a sensible and attractive way to place capital in start-ups in the Netherlands “

” Diversification is important in angel investing. Leapfunder is a platform that allows angels to spread their investments. “

” Leapfunder investing allows you to become actively involved in a start-up, just as in classical angel investing, while taking all the hassle out of transaction execution “

” Leapfunder is ideal for investing smaller amounts in a start-up in the very early stages. Such investments can be a powerful addition to a portfolio “

” With Leapfunder you get a great opportunity to build up a diversified portfolio of start-up investments, often investors can play an active role in developing the company “

” When I saw the Leapfunder proposition I thought straight-away: this is what start-ups need. I am an entrepreneur and wish this system had been available when I started my company. “

Profile small pieter

Pieter ter Kuile

Investor

Profile small wouter

Wouter Kneepkens

Investor

Profile small 80 foto rb may 2014

Ronald Bazuin

Investor

Profile eric

Eric van der Maten

Investor

Profile 0480b7f

Eric van Gilst

Investor

Profile donaldres

Donald Res

Investor

Source: https://www.leapfunder.com/companies/237

Continue Reading

Private Equity

iCapital Network celebrates reaching milestones in its European and Asian expansion efforts

From: FinTech Global Alternative investment FinTech iCapital Network is celebrating reaching a series of milestones in its expansion into the European and Asian markets. The WealthTech platform is created to drive access and efficiency in alternative investing for the asset and wealth management industries. The growth across the European and Asian markets comes hot on […]

Avatar

Published

on

From: FinTech Global
Alternative investment FinTech iCapital Network is celebrating reaching a series of milestones in i

Source: https://www.altassets.net/private-equity-news/by-news-type/people-news/icapital-network-celebrates-reaching-milestones-in-its-european-and-asian-expansion-efforts.html

Continue Reading

Private Equity

Medtech venture investment continues climb globally

Investors pumped $5.05bn into start-ups in growing fields such as surgical robotics, telehealth and cancer blood testing in the third quarter

Avatar

Published

on

Global venture capital funding of medical technology continued its climb last quarter, with investors pumping $5.05bn into start-ups in growing fields such as surgical robotics, telehealth and cancer blood testing, industry data show.

Third-quarter venture investment rose about 4.7% from the $4.83bn that medtech start-ups raised in the second quarter, and by more than 63% from the $3.09bn they secured in the third quarter of 2019, according to data from market tracker CB Insights.

Venture funding jumped despite the novel coronavirus pandemic, which forced hospitals to postpone elective surgeries and hamstrung some companies that had been seeking to launch their products.

Yet many companies raising venture capital this year are still developing their technology and haven’t been affected by the slowdown, said CB analyst Marissa Schlueter.

Investors also haven’t let the pandemic dissuade them from betting on the potential of robotics to improve surgery and on new blood tests that could enable earlier cancer detection. In August, for example, San Francisco-based Freenome Holdings collected $270m to pursue regulatory approval for a blood test to detect colorectal cancer and Massachusetts-based Vicarious Surgical, which applies virtual reality and robotics to minimally invasive surgery, took in $13.2m.

Some medtech start-ups have fielded rising interest in their technology during the pandemic, including telehealth companies and those with tests or devices that can combat the new virus.

This month, for example, telehealth concern 98point6, a provider of virtual primary care services based in Seattle, disclosed a $118m financing.
CB Insights considered a variety of medical technology companies in its analysis, including those seeking to diagnose, treat, monitor or prevent diseases.

A strengthening market for medtech initial public offerings and acquisitions also is encouraging venture investment. In the third quarter, 40 medtech companies were acquired and 14 went public, according to CB Insights. That is up from 37 acquisitions and 13 IPOs in the second quarter. In the third quarter of 2019, 28 companies were acquired and 15 went public.
Companies’ ability to raise venture capital enables them to remain private longer and put themselves in a stronger position for an IPO, said Tom Shehab, a managing partner with Arboretum Ventures.

California-based Eargo, which sells hearing aids that fit inside the ear, incorporated in 2010 and began operations in late 2012. On Friday, 16 October, the company, which has raised more than $206.6m in venture capital according to Crunchbase, went public at $18 a share. The stock leapt 87.1% to close at $33.68.

Eargo posted $28.6m in net revenue for the six months ended 30 June, nearly doubling the $14.4m in net revenue it reported for the same period of 2019, according to a regulatory filing.
In the company’s early days, relatively few venture firms focused on medtech, chief executive Christian Gormsen said. But in raising the company’s most recent venture round earlier this year, he spoke with about 100 investors, he said.

Eargo, which sells hearing aids directly to patients, fits a growing trend toward consumers playing a larger role in their healthcare, which also increased its appeal to investors, he said. “Medical technology as a category is getting more and more attention from venture capital,” Gormsen said.

From The Wall Street Journal

Source: https://www.penews.com/articles/medtech-venture-investment-continues-climb-globally-20201027

Continue Reading
Private Equity2 hours ago

BASH

Venture Capital2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Venture Capital2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Saas2 hours ago

Press Releases2 hours ago

Buildtech Textiles Market Research Report by Raw Material, by Product, by Application – Global Forecast to 2025 – Cumulative Impact of COVID-19

Press Releases2 hours ago

Develop Gets a New Look While Expanding Both Content and User Benefits

Press Releases2 hours ago

Walker & Dunlop Arranges $82 Million Bridge Loan for Multifamily Property in Fort Lauderdale

Press Releases2 hours ago

Cat Financial Announces Third-Quarter 2020 Results

Press Releases2 hours ago

Restaurant Brands International Inc. Reports Third Quarter 2020 Results

Startup2 hours ago

The Biggies: Startups vs. Corporates

Press Releases3 hours ago

T. Ruth Akins’ new book ‘8 Degrees of Yes!’ is an illuminating journal that reflects the fullness of life and transformation

Press Releases3 hours ago

Lucy Lee’s new book ‘The Christmas Spirit Bug’ is an enchanting tale of Christmas Bug’s awe-inspiring adventures inside a mall

Press Releases3 hours ago

Larry Taliaferro’s new book ‘Il Viaggio’ is an astounding genealogy of the author’s family name back to the banks of Venice, Italy

Press Releases3 hours ago

Margaret Randolph’s New Book ‘Tracking Your Expenses’ Is a Helpful Tool in Properly Handling Finances

Press Releases3 hours ago

Randy Krinsky’s New Book ‘Uncertain Destiny’ Contains a Comprehensive Account of The Rodriguez/Nava Family’s History and Legacy Throughout Texas

Private Equity3 hours ago

iCapital Network celebrates reaching milestones in its European and Asian expansion efforts

Startup3 hours ago

I Scream, You Scream – Peggy Ice-Cream, Chandigarh

Private Equity4 hours ago

Medtech venture investment continues climb globally

Private Equity4 hours ago

Blackstone casts a wider net in diversity push

Private Equity4 hours ago

Spacs could be a bubble that never quite pops

Private Equity4 hours ago

Blackstone raises $8bn for second long-life fund

Venture Capital5 hours ago

Venture Capital5 hours ago

Venture Capital5 hours ago

Venture Capital5 hours ago

Venture Capital5 hours ago

Saas5 hours ago

Saas5 hours ago

Trending