The Alphabet unit has bought shares in the data management platform from Serena Capital at a reported valuation of $1.4bn.

CapitalG, the investment arm of internet and technology group Alphabet formerly known as Google Capital, has acquired shares in US-based data technology developer Dataiku at a valuation in excess of $1bn.

The shares were bought from venture capital firm Serena Capital in a secondary transaction that also involved VC fund Dawn Capital increasing its stake. The deal valued Dataiku at $1.4bn according to TechCrunch.

Dataiku is the creator of a collaborative software platform that enables data scientists, analysts and engineers…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.