Data Science, Machine Learning, and AI Analytics Platforms to Secure Funding in 2020
In spite of a tumultuous year caused by the COVID-19 pandemic, these advanced analytics technology vendors closed funding rounds in 2020. Congratulations!
DataRobot
Solution Category: AutoML
Headquarters: Boston, Massachusetts
2020 Funding: $270M pre-IPO
Financing: Joined by many new and existing investors including T. Rowe Price, funds and accounts managed by BlackRock, Tiger Global, Silver Lake Waterman, B Capital Group, Glynn Capital, ClearBridge, NEA, and Sapphire Ventures.
Dataiku
Solution Category: Data Science & Machine Learning Platform
Headquarters: New York, New York
2020 Funding: $100M Series D
Financing: Stripes led the round of funding. Tiger Global Management also made a major investment in the round that also included existing investors Battery Ventures, CapitalG, Dawn Capital, FirstMark Capital, and ICONIQ.
Domino Data Lab
Solution Category: Data Science & Machine Learning Platform
Headquarters: San Francisco, California
2020 Funding: $43M Series E
Financing: Highland Capital Partners led the round which was joined by Highland Europe, Dell Technologies Capital, and existing investors Sequoia Capital and Coatue Management.
Iguazio
Solution Category: Data Science & Machine Learning Platform
Headquarters: Herzliya, Israel
2020 Funding: $24M Series B-1
Financing: The round was led by INCapital Ventures, with participation from existing and new investors, including Samsung SDS, Kensington Capital Partners, Plaza Ventures, and Silverton Capital Ventures.
Tecton
Solution Category: Enterprise Feature Store
Headquarters: Tukwila, Washington
2020 Funding: $35M Series B
Financing: Andreessen Horowitz and Sequoia Capital co-lead the investment.
Explorium
Solution Category: AutoML
Headquarters: Tel Aviv, Israel
2020 Funding: $31M Series B
Financing: The funding round was led by existing investor Zeev Ventures and joined by ex-Twitter leadership’s 01 Advisors and Sir Ronald Cohen’s Dynamic Loop, with the participation of seed investors Emerge and F2 Capital.
OctoML
Solution Category: MLOps
Headquarters: Seattle, Washington
2020 Funding: $15M Series A
Financing: Amplify Partners led the round with participation from Madrona Ventures.
Fiddler
Solution Category: MLOps
Headquarters: Mountain View, California
2020 Funding: $10M Seed
Financing: Lightspeed Venture Partners and Lux Capital led this round, with participation from Haystack Ventures and Bloomberg Beta.
Verta
Solution Category: MLOps
Headquarters: Palo Alto, California
2020 Funding: $10M Series A
Financing: Intel Capital led the round.
Seldon
Solution Category: MLOps
Headquarters: London, UK
2020 Funding: $9.4M Series A
Financing: AlbionVC and Cambridge Innovation Capital led the round.
Truera
Solution Category: MLOps
Headquarters: Redwood City, California
2020 Funding: $5.1M Seed
Financing: Wing VC led the round with participation from returning investors Conversion Capital and Greylock and new investors Data Community Fund, B Capital Group via the firm’s Ascent Fund, and Harpoon Ventures.
Superwise.ai
Solution Category: MLOps
Headquarters: Tel Aviv, Israel
2020 Funding: $4.5M Seed
Financing: The round was led by Capri Ventures and F2 Capital.
Unsupervised
Solution Category: Auto Exploratory Data Analysis (AutoEDA)
Headquarters: Boulder, Colorado
2020 Funding: $6M Series A
Outlier
Solution Category: Auto Exploratory Data Analysis (AutoEDA)
Headquarters: Oakland, California
2020 Funding: $22M Series B
Financing: Emergence led the round, with participation from existing investors Ridge Ventures, Capital One Growth Ventures, 11.2 Capital, First Round Capital, Homebrew, Susa Ventures, and SV Angel.
Macheye
Solution Category: Auto Exploratory Data Analysis (AutoEDA)
Headquarters: San Jose, California
2020 Funding: $4.6M Seed
Financing: Canaan Partners led the round with participation from WestWave Capital.
DataChat
Solution Category: Auto Exploratory Data Analysis (AutoEDA)
Headquarters: Madison, Wisconsin
2020 Funding: $4M Seed
Financing: WRVI Capital and Nepenthe Capital led the round. Other participants included individual investors from Google and Palo Alto Networks.
Other Top Data Platforms Funded In 2020
While these platforms don’t directly deliver data science and machine learning capabilities, they do facilitate the advanced analytics process. They also closed funding rounds in 2020. Congratulations!
Dremio
Solution Category: Data Virtualization
Headquarters: Santa Clara, California
2020 Funding: $70M Series C
Financing: The round was led by new investor Insight Partners, with participation from existing investors Cisco Investments, Lightspeed Venture Partners, Norwest Venture Partners, and Redpoint Ventures.
Immuta
Solution Category: Data Access & Governance
Headquarters: Boston, Massachusetts
2020 Funding: $40M Series C
Financing: Intel Capital led the round, with participation from new investor Ten Eleven Ventures and existing investors DFJ Growth, Dell Technologies Capital, Greycroft, Drive Capital, and Citi Ventures.
Congratulations all! We’re excited to see what you do in 2021!
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