Funding round
DataRobot Growth
Reported as "Pre-IPO"
DataRobot, which works in AI platform development in Boston, raised $270M in a Growth round announced on 17 Nov 2020, led by Altimeter, at a $2.70B post-money valuation. 10 firms took part. It is DataRobot's fifth venture round on record; the one before was a Series E in Sep 2019.
$270M
Amount raised
$2.70B
Post-money valuation
10
Investors
1 lead
10%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DataRobot at $2.70B after the new money. The $270M bought investors about 10% of the company. It came 14 months after DataRobot's Series E. It is 21% of the $1.28B DataRobot has raised in the venture rounds on record. DataRobot raised again 1 month later: a Series F round of $320M in Dec 2020, at $2.80B post-money.
DataRobot's funding rounds
DataRobot has 7 venture rounds on record. This one is highlighted.
- Series B 11 Feb 2016, led by New Enterprise Associates $33M
- Series C 23 Mar 2017, led by New Enterprise Associates $54M
- Series D 25 Oct 2018, led by Meritech Capital and Sapphire Ventures $100M
- Series E 17 Sep 2019, led by Sapphire Ventures $206M
- Growth this round 17 Nov 2020, led by Altimeter $270M$2.70B post-money
- Series F 9 Dec 2020, led by Altimeter $320M$2.80B post-money
- Series G 27 Jul 2021, led by Altimeter and Tiger Global $300M$6.30B post-money
Investors
Who put money in
Altimeter led the round with 9 other firms.
Lead investor
- Altimeter backs 67 venture-backed companies new investor
Also in the round
- T. Rowe Price new investor
- BlackRock new investor
- Tiger Global new investor
- Silver Lake Waterman new investor
- B Capital backs 156 venture-backed companies new investor
- backs 44 venture-backed companies new investor
- ClearBridge new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
335 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 5.3 times the median. The closest in time, other companies' Growth rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 27 Nov 2020 | $103M | $542M | not named |
| Tech Companies | 15 Nov 2020 | $100M | $500M | SoftBank Vision Fund |
| Tech Companies | 2 Nov 2020 | $32M | not disclosed | Lugard Road Capital |
| Tech Companies | 3 Nov 2020 | $27M | not disclosed | not named |
| Tech Companies | 18 Nov 2020 | $22M | not disclosed | Susquehanna Growth Equity |
| Tech Companies | 1 Nov 2020 | $4.0M | not disclosed | not named |
| Tech Companies | 18 Nov 2020 | $1.0M | not disclosed | TCap |
| Tech Companies | 24 Nov 2020 | undisclosed | not disclosed | DWS |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did DataRobot raise in its Growth round?
DataRobot raised $270M in its Growth round, announced in Nov 2020.
Who led DataRobot's Growth round?
Altimeter led it, with T. Rowe Price, BlackRock, Tiger Global, Silver Lake Waterman and B Capital and 4 more.
What was DataRobot's valuation at the Growth round?
$2.70B post-money.
How does it compare with other Growth rounds in Tech Companies?
335 Growth rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 5.3 times the median.
Did DataRobot raise again after this round?
Yes: a Series F round in Dec 2020 of $320M at $2.80B post-money.