Web: NEA leads $33M in machine learning startup DataRobot

February 2016 by: From The Web

Machine learning automation pioneer DataRobot, Inc. announced today that it has closed $33 million in Series B financing, bringing the total investment in the company to more than $57 million. New Enterprise Associates (NEA) led the round, which also included Accomplice, Intel Capital, IA Ventures, Recruit Strategic Partners, and New York Life.

With customers and offices already established in Europe, the Asia-Pacific region, and the United States, DataRobot is funded for aggressive expansion in global sales, marketing, business development, engineering, R&D, and strategic initiatives at all locations.

“We applied our first investment towards building a solid platform rather than marketing and publicity,” said Jeremy Achin, the Company’s CEO and Co-Founder. “We hired the world’s top data scientists and software engineers to create the industry’s most usable machine learning platform. Then, we focused on ensuring our early customers’ success.  This additional investment will allow us to bring our solution to many more customers around the world, and to further democratize data science across all industries.”

DataRobot shrinks the data science project backlog that is growing in many companies due to the serious shortage of machine learning skills.  The company captures the knowledge, experience, and best practices of the world’s top data scientists and transfers them through practical education and software automation to users of all skills levels.  DataRobot enables data scientists, statisticians, business analysts, and software developers to build and implement predictive applications using open source and custom machine learning algorithms, in industries including financial services, healthcare, life science, marketing services, and others.


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