Funding round
DataRobot Series C
DataRobot, which works in AI platform development in Boston, raised $54M in a Series C round announced on 23 Mar 2017, led by New Enterprise Associates. 1 firm took part, 1 of them already investors. It is DataRobot's second venture round on record; the one before was a Series B in Feb 2016.
$54M
Amount raised
Not disclosed
Post-money valuation
1
Investors
1 lead
Valuation
What this round says about the price
DataRobot did not disclose a valuation in this round. It came 13 months after DataRobot's Series B. It is 4.2% of the $1.28B DataRobot has raised in the venture rounds on record. DataRobot raised again 19 months later: a Series D round of $100M in Oct 2018. 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 11 Feb 2016, led by New Enterprise Associates $33M
- Series C this round 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. New Enterprise Associates had backed DataRobot before.
Lead investor
- New Enterprise Associates existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
155 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.8 times the median. The closest in time, other companies' Series C rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Icertis Tech Companies | 29 Mar 2017 | $25M | not disclosed | B Capital |
| Cohesity Tech Companies | 4 Apr 2017 | $90M | not disclosed | GV and Sequoia Capital |
| Branch Tech Companies | 12 Apr 2017 | $60M | not disclosed | Playground |
| Tech Companies | 13 Feb 2017 | $60M | not disclosed | Insight Partners |
| Tech Companies | 8 Feb 2017 | $40M | not disclosed | Dragoneer Investment Group |
| Tech Companies | 18 Apr 2017 | $40M | not disclosed | New Enterprise Associates and Sapphire Ventures |
| Tech Companies | 20 Apr 2017 | $36M | $235M | GGV Capital |
| Tech Companies | 7 Feb 2017 | $30M | not disclosed | Lightspeed Venture Partners and Cisco Investments |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DataRobot raise in its Series C round?
DataRobot raised $54M in its Series C round, announced in Mar 2017.
Who led DataRobot's Series C round?
New Enterprise Associates led it.
What was DataRobot's valuation at the Series C round?
It was not disclosed.
How does it compare with other Series C rounds in Tech Companies?
155 Series C rounds in Tech Companies within a year either side disclosed an amount; the median was $30M, and this round was 1.8 times the median.
Did DataRobot raise again after this round?
Yes: a Series D round in Oct 2018 of $100M.