Funding round
DataRobot Series D
DataRobot, which works in AI platform development in Boston, raised $100M in a Series D round announced on 25 Oct 2018, led by Meritech Capital and Sapphire Ventures. 6 firms took part. It is DataRobot's third venture round on record; the one before was a Series C in Mar 2017.
$100M
Amount raised
Not disclosed
Post-money valuation
6
Investors
2 leads
Valuation
What this round says about the price
DataRobot did not disclose a valuation in this round. It came 19 months after DataRobot's Series C. It is 7.8% of the $1.28B DataRobot has raised in the venture rounds on record. DataRobot raised again 11 months later: a Series E round of $206M in Sep 2019. 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 23 Mar 2017, led by New Enterprise Associates $54M
- Series D this round 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
Meritech Capital and Sapphire Ventures led the round with 4 other firms.
Lead investors
- Meritech Capital backs 84 venture-backed companies new investor
- Sapphire Ventures backs 148 venture-backed companies new investor
Also in the round
- DFJ Growth backs 51 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- backs 33 venture-backed companies new investor
- Intel Capital backs 239 venture-backed companies new investor
Joined the board: Rob Ward (Meritech) and Jai Das (Sapphire Ventures).
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
106 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 2.0 times the median. The closest in time, other companies' Series D rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 3 Oct 2018 | $30M | not disclosed | Red Dot Capital Partners and Singtel Innov8 |
| Branch Tech Companies | 7 Sep 2018 | $129M | $1.00B | not named |
| Tech Companies | 6 Sep 2018 | $100M | $750M | Tencent |
| Tech Companies | 29 Nov 2018 | $70M | $350M | Goldman Sachs Private Capital Investing group |
| Sysdig Tech Companies | 12 Sep 2018 | $69M | not disclosed | Insight Partners |
| Forter Tech Companies | 26 Sep 2018 | $50M | not disclosed | March Capital and Salesforce Ventures |
| Tech Companies | 28 Nov 2018 | $50M | not disclosed | Northstar Group |
| Tech Companies | 10 Sep 2018 | $32M | not disclosed | CLP Holdings Group and innogy |
Sources
Where this comes from
Reported by 1 source.
Questions
Frequently asked
How much did DataRobot raise in its Series D round?
DataRobot raised $100M in its Series D round, announced in Oct 2018.
Who led DataRobot's Series D round?
Meritech Capital and Sapphire Ventures led it, with DFJ Growth, New Enterprise Associates, IA Ventures and Intel Capital.
What was DataRobot's valuation at the Series D round?
It was not disclosed.
How does it compare with other Series D rounds in Tech Companies?
106 Series D rounds in Tech Companies within a year either side disclosed an amount; the median was $51M, and this round was 2.0 times the median.
Did DataRobot raise again after this round?
Yes: a Series E round in Sep 2019 of $206M.