DataRobot Downloads $33M as Machine Learning Eats the World
Machine learning is the new big data. Combine the two fields, and you really have something.
Boston-area startup DataRobot has raised a $33 million Series B round, led by New Enterprise Associates. Other participating investors included Accomplice, Intel Capital, and IA Ventures. The new money brings the company’s total raised to more than $57 million.
DataRobot has built a software platform to bring machine learning and data-science tools to businesses. The product is aimed not just at data scientists, but also at software developers, business analysts, and statisticians. The company is led by CEO and co-founder Jeremy Achin, a data scientist and UMass Lowell grad who previously worked at Travelers Insurance.
Despite fears of a tech-startup funding slowdown, it appears companies doing interesting work in machine learning and data science are safe, at least for now. Local startups in related fields that have raised money include DataCamp, Indico, Elemental Machines, Semantic Machines, Sentenai, and Talla. On the West Coast, one of the many intriguing A.I.-related companies is Diffbot, which announced a new funding round today.