Founded in 2012, based in Boston, it employs around around 1500 people. It’s a leader in the Industry Sectors of Big Data, Artificial Intelligence & Machine Learning.

What is Datarobot?

Developer of an enterprise AI platform designed to accelerate data science by automating the end-to-end journey from data to value.

What does Datarobot do?

The company's platform democratizes data science with end-to-end automation for building, deploying, and managing machine learning models, as well as maximizes business value by delivering AI at scale and continuously optimizing performance over time, thereby enabling clients to drive better business outcomes by deploying trusted AI applications within their organizations.

How does Datarobot work?

DataRobot employs a streamlined, automated machine-learning process to create predictive models. The process begins when a user uploads a dataset to the platform. DataRobot automatically analyzes the dataset, identifies the type of each variable, handles missing values, and conducts feature engineering.

After the data is preprocessed, the platform uses hundreds of open-source machine-learning algorithms. It tests them against the dataset, choosing the best fit based on the problem type—classification, regression, or time series. It optimizes these models by tuning their hyperparameters, using grid and random search techniques.

Throughout this process, the platform ranks each model based on a cross-validation strategy, providing metrics such as accuracy, AUC-ROC, logloss, etc., to measure the model's performance. This ranking allows users to select the most optimal model for their needs.

Furthermore, DataRobot provides transparency into how each model works, including feature importance plots and prediction explanations. Once the most suitable model is selected, the user can deploy it directly from the platform into a production environment where the model can start making predictions on new data. It also offers tools for continuously monitoring and managing models to ensure they perform optimally over time. This end-to-end automation of machine learning processes democratizes data science, making it accessible to users with varying levels of expertise.

Key Investors

Altimeter Capital Management, Counterpoint Global, Fama Ventures, Franklin Templeton, Salesforce Ventures, SBI Investment, The Westly Group, Tiger Global Management, New Enterprise Associates, DFJ Growth, and Sapphire Ventures. Department of Homeland Security Science and Technology Directorate.

DataRobot stock

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Most Recent Financing Status

The company raised $300 million of Series G venture funding in a deal led by Tiger Global Management and Altimeter Capital Management on July 27, 2021, putting the company's pre-money valuation at $6 billion. The company raised $300 million of Series G venture funding in a deal led by Tiger Global Management and Altimeter Capital Management on July 27, 2021, putting the company's pre-money valuation at $6.45 billion. The company used the funds to bring its Augmented Intelligence solutions to customers worldwide.

The company followed up with Series G II for $34,76 million with G20 Ventures, New Enterprise Associate, and Sapphire Ventures. The company used the funds to bring its Augmented Intelligence solutions to customers worldwide.

Latest news

July 2023: Citi Ventures invests in DataRobot

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