10 Cool Tech Companies That Raised Funding In July 2021
Next-generation technology developers in cybersecurity, AI, big data management and the Internet of Things were among the startup companies that reported new rounds of funding in July.
CEO: Dan Wright
Funding: The $300 million Series G funding round brings DataRobot’s valuation to $6.3 billion.
Investors: The round was led by return investors Altimeter Capital and Tiger Global and joined by new investors Counterpoint Global (Morgan Stanley), Franklin Templeton, ServiceNow Ventures and Sutter Hill Ventures.
What the company does: The DataRobot AI Platform performs a range of automated machine learning, MLOps, data science, data preparation and automated time series tasks.
CEO Quote: “This new investment further validates our vision for combining the best that humans and machines have to offer in order to power predictive insights, enhanced data-driven decisions, and unprecedented business value for our customers. DataRobot is seeing more customers across the globe choose our platform to solve their biggest challenges at scale.”