Author: Jane Edwards|| Date Published: December 10, 2020
Boston-based enterprise artificial intelligence company DataRobot has received an investment from and expanded its partnership with cloud-based data warehousing company Snowflake (NYSE: SNOW) to advance product integration and go-to-market initiatives to deliver improved user experience and help customers derive insights from data using AI.
DataRobot said Wednesday it also secured strategic investments from Hewlett Packard Enterprise (NYSE: HPE) and Salesforce’s (NYSE: CRM) venture arm.
HPE and DataRobot will work together to provide customers with a multicloud experience, while the investment from Salesforce Ventures will further advance the use of artificial intelligence by business users.
“The era of experimental AI is over – companies need a reliable data analytics stack that rapidly delivers valuable business insights to steer their decision-making and growth,” said Dan Wright, president and chief operating officer of DataRobot. “With both the amount of data and the rate at which data is changing at an all-time high, we look forward to deepening our partnership with Snowflake, Salesforce, and HPE and helping more customers realize these insights and transform their businesses in record time."
DataRobot announces the investments as it expands an Altimeter Capital-led round of Series F financing to $320M at a valuation of approximately $2.8B.
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