Dataiku is the latest well-financed startup to suffer from macroeconomic headwinds, raising new capital at a significantly reduced valuation. The company today announced that it raised $200 million in a Series F round led by Wellington Management at a $3.7 billion valuation, down from the $4.6 billion valuation that Dataiku received in August 2021.
A filing with the U.S. Securities and Exchange Commission shows that Dataiku intends to close its Series F with as much as $275 million. The $200 million from Wellington bring the New York-based startup’s total raised to roughly $600 million.
In a statement, Wellington Management’s Matt Withelier said: “Dataiku’s proven track record, management team, growth trajectory, and customer roster, positions the company to scale AI to new heights. We are pleased to partner and contribute to their impressive journey. Dataiku has taken a leadership position helping enterprises put massive datasets to work at unprecedented speed and creating a culture of AI focused o …
