Funding round
DataRobot Series F
DataRobot, which works in AI platform development in Boston, raised $320M in a Series F round announced on 9 Dec 2020, led by Altimeter, at a $2.80B post-money valuation. 4 firms took part. It is DataRobot's sixth venture round on record; the one before was a Growth in Nov 2020.
$320M
Amount raised
$2.80B
Post-money valuation
$2.48B pre-money
4
Investors
1 lead
1.0x
Step-up from the Growth
$2.70B in Nov 2020
11%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DataRobot at $2.80B after the new money, 1.0 times the $2.70B of its Growth (Nov 2020). The $320M bought investors about 11% of the company. It came 1 month after DataRobot's Growth. It is 25% of the $1.28B DataRobot has raised in the venture rounds on record. DataRobot raised again 7 months later: a Series G round of $300M in Jul 2021, at $6.30B 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 17 Nov 2020, led by Altimeter $270M$2.70B post-money
- Series F this round 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 3 other firms.
Lead investor
- Altimeter backs 67 venture-backed companies new investor
Also in the round
- Snowflake Ventures new investor
- Salesforce Ventures backs 314 venture-backed companies new investor
- Hewlett Packard Enterprise new investor
Comparable rounds
How it compares
39 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 2.1 times the median. The closest in time, other companies' Series F rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 10 Jan 2021 | $360M | $2.00B | SoftBank Vision Fund |
| Tech Companies | 1 Jan 2021 | $150M | $1.00B | Goldman Sachs Asset Management |
| Tech Companies | 16 Nov 2020 | $110M | $1.50B | Technology Crossover Ventures and Sequoia Capital |
| Chargebee Tech Companies | 6 Oct 2020 | $55M | $500M | Insight Partners |
| Dataminr Tech Companies | 23 Mar 2021 | $475M | $4.10B | Eldridge Industries |
| Tech Companies | 17 Mar 2021 | $230M | $1.40B | Bessemer Venture Partners and Tiger Global |
| Tech Companies | 9 Mar 2021 | $220M | not disclosed | Georgian |
| Olive Tech Companies | 18 Sep 2020 | $106M | not disclosed | General Catalyst and Drive Capital |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did DataRobot raise in its Series F round?
DataRobot raised $320M in its Series F round, announced in Dec 2020.
Who led DataRobot's Series F round?
Altimeter led it, with Snowflake Ventures, Salesforce Ventures and Hewlett Packard Enterprise.
What was DataRobot's valuation at the Series F round?
$2.80B post-money ($2.48B pre-money).
How does it compare with other Series F rounds in Tech Companies?
39 Series F rounds in Tech Companies within a year either side disclosed an amount; the median was $150M, and this round was 2.1 times the median.
Did DataRobot raise again after this round?
Yes: a Series G round in Jul 2021 of $300M at $6.30B post-money.