Dataiku, an AI and analytics platform, announced that it has raised US$200 million in Series F funding round led by new investor Wellington Management.

This brings Dataiku’s total funds raised since its inception to approximately US$600 million with a valuation of US$3.7 billion.

Dataiku said that it plans to use the funds to prepare for its next phase of growth.

In 2022, Dataiku reported that it grew its customer base above 500 and surpassed US$150 million in annual recurring revenue.

Matt Witheiler

“Dataiku’s proven track record, management team, growth trajectory, and customer roster, positions the company to scale AI to new heights. We are pleased to partner and contribute to their impressive journey.

Dataiku has taken a leadership position helping enterprises put massive datasets to work at unprecedented speed and creating a culture of AI focused on delivering compounding business results.”

said Matt Witheiler, Consumer/Technology Sector Lead, Wellington Management.

“Our ability to attract new, market leading investors, like Wellington, in this challenging environment underscores the strength of our solutions, our world-class team, and the tremendous opportunities ahead.

We are on the cusp of a massive market transformation with AI at the heart of it—and we are ready to meet the moment.”

said Florian Douetteau, Co-founder and CEO of Dataiku.

This article first appeared on Fintech News America.