Funding round
DataRobot Series B
DataRobot, which works in AI platform development in Boston, raised $33M in a Series B round announced on 11 Feb 2016, led by New Enterprise Associates. 6 firms took part. It is DataRobot's first venture round on record.
$33M
Amount raised
Not disclosed
Post-money valuation
6
Investors
1 lead
Valuation
What this round says about the price
DataRobot did not disclose a valuation in this round. It is DataRobot's first venture round on record, 4 years after it was founded in 2012. It is 2.6% of the $1.28B DataRobot has raised in the venture rounds on record. DataRobot raised again 13 months later: a Series C round of $54M in Mar 2017. Its next priced round, a Growth in Nov 2020, valued it at $2.70B.
DataRobot's funding rounds
DataRobot has 7 venture rounds on record. This one is highlighted.
- Series B this round 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 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
New Enterprise Associates led the round with 5 other firms.
Lead investor
- New Enterprise Associates backs 286 venture-backed companies new investor
Also in the round
- backs 102 venture-backed companies new investor
- Intel Capital backs 239 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Recruit Strategic Partners new investor
- New York Life 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
244 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 2.2 times the median. The closest in time, other companies' Series B rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 16 Feb 2016 | $36M | not disclosed | Insight Partners |
| Tech Companies | 25 Feb 2016 | $20M | not disclosed | Menlo Ventures |
| Tech Companies | 18 Feb 2016 | $15M | not disclosed | Sberbank and MoneyTime Ventures |
| Tech Companies | 17 Feb 2016 | $7.5M | not disclosed | Cisco Investments |
| Tech Companies | 1 Feb 2016 | $6.0M | not disclosed | not named |
| Tech Companies | 31 Jan 2016 | $50M | not disclosed | 20th Century Fox and The Walt Disney Company |
| Tech Companies | 21 Jan 2016 | $50M | $625M | Fidelity Management and Research Company |
| Tech Companies | 23 Jan 2016 | $40M | not disclosed | not named |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DataRobot raise in its Series B round?
DataRobot raised $33M in its Series B round, announced in Feb 2016.
Who led DataRobot's Series B round?
New Enterprise Associates led it, with Accomplice, Intel Capital, IA Ventures, Recruit Strategic Partners and New York Life.
What was DataRobot's valuation at the Series B round?
It was not disclosed.
How does it compare with other Series B rounds in Tech Companies?
244 Series B rounds in Tech Companies within a year either side disclosed an amount; the median was $15M, and this round was 2.2 times the median.
Did DataRobot raise again after this round?
Yes: a Series C round in Mar 2017 of $54M.