The Recruit, Intel, New York Life, Cisco and Citi-backed enterprise AI platform developer increased its valuation to $2.7bn and its overall funding to about $500m.

DataRobot, the US-based artificial intelligence software producer backed by corporate investors Cisco, Recruit, Intel, Citi and New York Life, secured $270m in series F funding yesterday.

The capital came from new and existing investors including T. Rowe Price, Tiger Global Management, Silver Lake Waterman, B Capital Group, Glynn Capital, ClearBridge, New Enterprise Associates (NEA), Sapphire Ventures and funds and accounts managed by BlackRock.

Founded in 2012, DataRobot has created an AI platform that enables enterprise customers to create and manage…

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Robert Lavine

Robert Lavine is special features editor for Global Venturing.
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