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Predictive Analytics in the Cloud

Predictive Analytics in the Cloud

DataRobot is a predictive analytics platform for data scientists to build and deploy accurate predictive models in a fraction of the time it takes today. By harnessing the power of massively parallel computing, DataRobot builds and refines 1000s of possible models using R and Python to find the best ones in just hours. We've incorporated the knowledge and expertise of our world-class data science team into a solution that unleashes the productivity of practitioners, regardless of their level of expertise. From small companies with part-time data scientists to large enterprises with dedicated data science teams - DataRobot helps organizations make better predictions, faster.

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Latest Stories and News

AI unicorn DataRobot acquires data prep veteran Paxata

  • ZDNet
  • 5 months ago

DataRobot, a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire Paxata, a data prep platform startup. The companies did not reveal the purchase price. Paxata raised a total of $90 million before today’s acquisition, according to the company.

Up until now, DataRobot has concentrated mostly on the machine learning and data science aspect of the workflow — building and testing the model, then putting it into production. The data prep was left to other vendors like Paxata, but DataRobot, which raised $206 million in September, saw an opportunity to fill in a gap in their platform with Paxata.

While the two companies are working together to integrate Paxata more fully into the DataRobot platform, the companies also plan to let Paxata continue to exist as a standalone product. DataRobot has raised more than $431 million, according to PitchBook data. It raised $206 million of that in its last round.

AI unicorn DataRobot acquires data prep veteran Paxata

AI 50: America's most promising artificial intelligence companies

  • Forbes
  • 8 months ago

Artificial intelligence is infiltrating every industry, allowing vehicles to navigate without drivers, assisting doctors with medical diagnoses, and mimicking the way humans speak. But for all the authentic and exciting ways it’s transforming the tasks computers can perform, there’s a lot of hype, too.

Forbes just created their inaugural AI 50 list, a collection of promising, U.S.-based startups that are wielding some subset of artificial intelligence and demonstrating real business potential.

AI 50: America's most promising artificial intelligence companies

DataRobot becomes a unicorn by selling AI toolkits to harried data scientists

  • Forbes
  • 8 months ago

DataRobot wants to make machine learning so simple that a business analyst with basic training can run their own predictive models without breaking a sweat. The Boston-based startup just raised a $206 million Series E funding round led by Sapphire Ventures to expand the business, which sells software that helps companies across industries develop and deploy their own in-house AI models.

DataRobot tries to automate as much of the traditional job of data scientists as possible. The idea is that customers come to the service with data and a business question, and the DataRobot system will turn around accurate models for a given task.

The company currently has hundreds of enterprise customers in industries like finance, healthcare, sports, retail, marketing and agriculture. Customers have built more than 1.3 billion models through the platform. The funding round will be used to continue developing software and to target potential acquisitions.

DataRobot becomes a unicorn by selling AI toolkits to harried data scientists
Total raised

$57.4M

Funded over

4 rounds

Latest round

Series B (Feb 2016)