Funding round
DataRobot Series G
DataRobot, which works in AI platform development in Boston, raised $300M in a Series G round announced on 27 Jul 2021, led by Altimeter and Tiger Global, at a $6.30B post-money valuation. 6 firms took part, 2 of them already investors. It is DataRobot's seventh venture round on record; the one before was a Series F in Dec 2020.
$300M
Amount raised
$6.30B
Post-money valuation
6
Investors
2 leads
2.3x
Step-up from the Series F
$2.80B in Dec 2020
4.8%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced DataRobot at $6.30B after the new money, 2.3 times the $2.80B of its Series F (Dec 2020). The $300M bought investors about 4.8% of the company. It came 7 months after DataRobot's Series F. It is 23% of the $1.28B DataRobot has raised in the venture rounds on record. No later venture round is on record for DataRobot.
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 9 Dec 2020, led by Altimeter $320M$2.80B post-money
- Series G this round 27 Jul 2021, led by Altimeter and Tiger Global $300M$6.30B post-money
Investors
Who put money in
Altimeter and Tiger Global led the round with 4 other firms. Altimeter and Tiger Global had backed DataRobot before.
Lead investors
- Altimeter backs 67 venture-backed companies existing investor
- Tiger Global existing investor
Also in the round
- Morgan Stanley backs 120 venture-backed companies new investor
- Franklin Templeton new investor
- ServiceNow Ventures new investor
- backs 39 venture-backed companies new 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
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $250M, and this round was 1.2 times the median. The closest in time, other companies' Series G rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Carta Tech Companies | 13 Aug 2021 | $500M | $7.40B | Silver Lake |
| Tech Companies | 2 Jun 2021 | $200M | $4.40B | Premji Invest and STEADFAST Capital Ventures |
| Seismic Tech Companies | 16 Aug 2021 | $170M | $3.00B | Permira |
| Magic Leap Tech Companies | 11 Oct 2021 | $500M | $2.00B | not named |
| Tech Companies | 7 Apr 2021 | $110M | $2.00B | Tiger Global |
| Collibra Tech Companies | 9 Nov 2021 | $250M | $5.25B | Sequoia Capital and Sofina |
| Databricks Tech Companies | 1 Feb 2021 | $1.00B | $28.00B | Franklin Templeton |
| Sysdig Tech Companies | 15 Dec 2021 | $350M | $2.50B | Permira |
Sources
Where this comes from
Reported by 4 sources.
Questions
Frequently asked
How much did DataRobot raise in its Series G round?
DataRobot raised $300M in its Series G round, announced in Jul 2021.
Who led DataRobot's Series G round?
Altimeter and Tiger Global led it, with Morgan Stanley, Franklin Templeton, ServiceNow Ventures and Sutter Hill Ventures.
What was DataRobot's valuation at the Series G round?
$6.30B post-money.
How does it compare with other Series G rounds in Tech Companies?
11 Series G rounds in Tech Companies within a year either side disclosed an amount; the median was $250M, and this round was 1.2 times the median.