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UNQUOTE
  • Expansion

FirstMark Capital leads $14m series-A for Dataiku

  • Alice Tchernookova
  • Alice Tchernookova
  • 28 October 2016
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New York-based venture firm FirstMark Capital has led a $14m series-A round for data analytics software Dataiku.

All previous investors in the company reinvested, including Serena Capital and Alven Capital. The new funding round brings the total raised by Dataiku from private equity backers to $17.6m.

With the fresh capital, Dataiku will look to speed up its business development in the US, Europe and Asia. The group, which currently serves around 100 customers, said in a statement it has experienced 300% growth and has doubled the size of its teams this year.

Previous funding
In January 2015, Alven and Serena led a $3.6m seed round for the startup.

Company
Dataiku develops analytics platform Dataiku Data Science Studio, a collaborative data science platform that enables data scientists, developers and analysts to collaborate. Users can apply machine learning and data science techniques to a variety of types, sizes, and formats of raw data to build and deploy data flows. It is designed for a variety of applications including fraud detection, predictive maintenance or CRM analytics

The firm has around 100 clients in the e-commerce, industrials, finance, insurance, healthcare and pharmaceuticals sectors. The group has offices in Paris and New York. Its customers include National Public Radio (NPR), L'Oreal, Hostelworld, Bechtel, Microsoft and HP Vertica.

People
FirstMark Capital – Matt Turck (managing director).

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