the augmented intelligence software producer more than doubled its valuation to $6.3bn in a ServiceNow-backed round and has bought corporate-backed Algorithmia.

US-based augmented intelligence technology provider DataRobot yesterday confirmed it has raised $300m in a series G round featuring ServiceNow Ventures, the investment arm of enterprise software producer ServiceNow.

Technology investment firms Altimeter Capital and Tiger Global Management co-led the round at a $6.3bn post-money valuation. It included investment bank Morgan Stanley’s Counterpoint Global unit, Franklin Templeton and Sutter Hill Ventures.

DataRobot is the creator of a software platform which offers organisations automation tools to help them build, launch and manage…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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