Funding round
DataRobot Series E
DataRobot, which works in AI platform development in Boston, raised $206M in a Series E round announced on 17 Sep 2019, led by Sapphire Ventures. 11 firms took part. It is DataRobot's fourth venture round on record; the one before was a Series D in Oct 2018.
$206M
Amount raised
Not disclosed
Post-money valuation
11
Investors
1 lead
Valuation
What this round says about the price
DataRobot did not disclose a valuation in this round. It came 11 months after DataRobot's Series D. It is 16% of the $1.28B DataRobot has raised in the venture rounds on record. DataRobot raised again 14 months later: a Growth round of $270M in Nov 2020, at $2.70B 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 this round 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
Sapphire Ventures led the round with 10 other firms.
Lead investor
- Sapphire Ventures backs 148 venture-backed companies new investor
Also in the round
- Tiger Global Management new investor
- backs 46 venture-backed companies new investor
- Alliance Bernstein PCI new investor
- EDBI backs 67 venture-backed companies new investor
- DFJ Growth backs 51 venture-backed companies new investor
- Geodesic Capital backs 45 venture-backed companies new investor
- Intel Capital backs 239 venture-backed companies new investor
- Sands Capital backs 71 venture-backed companies new investor
- New Enterprise Associates backs 286 venture-backed companies new investor
- Meritech Capital backs 84 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, scaling operations and acquisitions.
- Product development
- Scaling operations
- Acquisitions
Comparable rounds
How it compares
38 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $85M, and this round was 2.4 times the median. The closest in time, other companies' Series E rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| ThoughtSpot Tech Companies | 28 Aug 2019 | $248M | $1.95B | Silver Lake |
| Tech Companies | 6 Aug 2019 | $200M | not disclosed | SoftBank |
| Tech Companies | 17 Oct 2019 | $100M | $1.00B | Sapphire Ventures |
| Canva Tech Companies | 16 Oct 2019 | $85M | $3.20B | BOND |
| Icertis Tech Companies | 17 Jul 2019 | $115M | $1.00B | Greycroft and Premji Invest |
| Tech Companies | 12 Jun 2019 | $165M | $1.40B | Standard Chartered and MUFG Innovation Partners |
| Tech Companies | 10 Jun 2019 | $100M | not disclosed | Technology Crossover Ventures |
| Tech Companies | 4 Dec 2019 | $60M | $500M | Coatue |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did DataRobot raise in its Series E round?
DataRobot raised $206M in its Series E round, announced in Sep 2019.
Who led DataRobot's Series E round?
Sapphire Ventures led it, with Tiger Global Management, World Innovation Lab, Alliance Bernstein PCI, EDBI and DFJ Growth and 5 more.
What was DataRobot's valuation at the Series E round?
It was not disclosed.
How does it compare with other Series E rounds in Tech Companies?
38 Series E rounds in Tech Companies within a year either side disclosed an amount; the median was $85M, and this round was 2.4 times the median.
Did DataRobot raise again after this round?
Yes: a Growth round in Nov 2020 of $270M at $2.70B post-money.