Dataiku Raises $3.6 Million in Series A Funding Alven and Serena Capital lead investment round to drive product expansion internationally
Big Data and Predictive Analytics:
Dataiku Raises $3.6 Million in Series A Funding
Alven and Serena Capital lead investment round to drive product expansion internationally
The startup plans on accelerating its growth.
It will open its first US Office in New York in Q1 2015.
Paris, New York January 19th, 2015 – Dataiku, rising star Big Data software editor, raises $3.6 Million for its first round of funding from Alven and Serena Capital. Dataiku will use this funding to continue improving its software product, Data Science Studio (DSS), and to further expand not only its notoriety, but also the outreach of its product.
The Data Science Studio (DSS)
Dataiku’s software platform aggregates all the steps and tools necessary to get from raw data to production ready applications. DSS allows both beginners and experts – from business analysts to data scientists – to design, build, and deploy their own data-driven and predictive applications to answer business needs such as, but not limited to, churn prevention, logistic optimisation, predictive maintenance, fraud detection, etc. For instance, one of France’s leading parcel delivery services, Chronopost, uses DSS for delivery process optimisation; PagesJaunes, France’s YellowPages, uses it to improve their search engine results.
Officially released in February 2014, DSS is already used on a daily basis by more than 25 companies in industries ranging from e-commerce, to web services, to smart cities, to finance and insurance, etc.
The first 24 months of Dataiku’s life have been extremely intense. Most importantly, we’ve validated our vision: simplified machine learning is the creative leap that will revolutionise the way people build their business applications. The most dynamic and demanding companies, both in France and in the rest of Europe, have tested and approved the monumental productivity benefits that DSS brings to those who want to create in-house data-driven and predictive applications specifically tailored for their business. The fact that Dataiku very quickly became profitable proved the actual need for companies to have the right tool to create smart data centered-applications. This first round of funding will enable us to accelerate our development both in Europe and internationally.
The Big Data market is a rapidly emerging market opportunity. It reflects a change in both the infrastructure and the way data is not only produced, but also computed. In our increasingly connected world, data must be valued more easily. Data Science Studio perfectly fits with the growing need of enterprises to enter this Big Data market and is unlocking the business potential behind intelligent exploitation of data. Such tools will change the way enterprises do business and interact with customers.
Both Dataiku’s outstanding team and Data Science Studio’s answer to the big data challenges faced by a large range of companies have led us to invest in Dataiku. This Series A round of funding illustrates Alven Capital’s objective to support high potential startups on fast-growing markets.
Dataiku's development
With these funds, Dataiku will accelerate its technical and sales development to boost its international expansion. The company will open its first US office in New York during Q1 2015. Currently based in Paris, the company employs more than twenty people, including developers, data scientists, and salespeople, and will continue recruiting both in Europe and in the United States throughout the year. Dataiku’s board will now include Nicolas Celier from Alven Capital, Nicolas Louvet from Serena Capital and Amélie Faure as an independent board member.
About Serena Capital
Serena Capital is a management company launched in 2008 by three entrepreneurs: Marc Fournier, Philippe Hayat and Xavier Lorphelin. With more than €220M under management, Serena Capital offers financial backing and operational support to high-growth innovative French and European companies which have built a strong position as leaders on their market.
Serena Capital's portfolio : AramisAuto, Arlettie, Augure, BonitaSoft, CoachClub, Dataiku, Final Cad, La Fourchette, Melty, Prestashop, Prixtel, Qualtera, RSI Video Technologies, SantéVet, Sequans (NYSE : SQNS), Selectron, Wo rk4Labs, and Worldstores.
About Alven Capital
Alven Capital is an independent venture capital fund, which manages over €250 million. Alven Capital has already invested in over 80 companies, including Lengow, Birchbox, SeLoger.com, Qosmos, MeilleursAgents, MobPartner, Liligo, iAdvize, Webhelp, OpenClassrooms, Gemmyo, happn, Mailjet, Algolia, and more.
About Dataiku
Dataiku is the software editor behind Data Science Studio (DSS), the interactive end-to-end data science workspace for analysts, developers, and statisticians.
DSS is used by more than 25 clients in e-commerce, smart cities, finance, and insurance. It enables data scientists and analysts to build disruptive applications for digital marketing, user experience, sales optimization, etc.
Dataiku’s team is made of 20+ data scientists, software engineers, marketing, and sales. The company’s goal is to remove the barriers and daily pains that burden data enthusiasts. They believe that simplified machine learning is the creative leap that will revolutionise the way people build their business applications.