Intel, Recruit and existing investor New York Life contributed to a series B round that took the machine learning software company's overall funding to $57m.
DataRobot, a US-based provider of machine learning automation software, closed a $33m series B round on Thursday that included semiconductor technology producer Intel, insurer New York Life and human resources firm Recruit.
Venture capital firm New Enterprise Associates (NEA) led the round, which included Accomplice, and IA Ventures. Intel and Recruit invested through respective subsidiaries Intel Capital and Recruit Strategic Partners.
DataRobot has built a machine learning automation software platform that it combines with a data science education scheme to help enable data scientists, statisticians, business analysts or software developers develop their own predictive applications using machine learning algorithms.
The series B capital will be used for “aggressive” global expansion, and DataRobot plans to grow its sales, marketing, business development, engineering and R&D capabilities across branches in Europe, the US and the Asia Pacific region.
Ron Kasabian, vice-president of Intel’s Data Center Group, said: “Intel Capital is focused on building technology ecosystems by investing in transformative entrepreneurs and game-changing technologies.
“DataRobot’s team of experts and machine learning platform is a great example of a company that is driving innovation in data science.”
The company has now raised $57m since it was founded in 2012. It secured $21m from New York Life, NEA, Accomplice (then known as Atlas Venture) and IA Ventures in 2014 at a $60m valuation.
