Boston-based artificial intelligence technology firm DataRobot has raised $206M in a round of Series E financing led by Sapphire Ventures, bringing the company’s total funds to $431M.
Investors that took part in the funding round are Tiger Global Management, Alliance Bernstein PCI, World Innovation Lab, EDBI, Geodesic Capital, DFJ Growth, Intel Capital, Meritech, New Enterprise Associates and Sands Capital, DataRobot said Tuesday.
DataRobot will use the investment to fund potential acquisitions and further develop its tech offerings, including MLOps, Automated Time Series and Automated Machine Learning platforms.
“AI is fundamentally changing the way the world works, and DataRobot is delivering on its promise to make all enterprises AI-enabled to drive innovation and value,” said Jai Das, president and managing director of Sapphire Ventures. “We’re pleased to expand our stake in DataRobot as they rapidly scale and expand the capabilities of their platform through R&D and strategic acquisitions.”
DataRobot also launched a new platform – DataRobot MLOps – designed to field, track and manage machine learning models across the enterprise.