US machine learning startup with Ukrainian R&D raises $54 million

DataRobot, a machine learning platform that helps enterprises build predictive models at speed, has raised $54 million in a Series C funding round led by existing investor New Enterprise Associates (NEA), reports VentureBeat.

The company has an R&D office in Kyiv (Kiev), with up to 200 employees working there, according to DOU.UA, an authoritative local industry resource.

DataRobot will use its fresh cash injection to double the size of its research and development team, expand its global presence, and increase its support for existing partners, which include Cloudera and Alteryx.

Founded out of Boston in 2012, the DataRobot platform features hundreds of open-source machine learning algorithms and harnesses best practices and knowledge from “the world’s leading scientists,” enabling users of all skill levels to build predictive models for their companies.

The company operates in New York, London, Paris, Tokyo and Singapore, in addition to Boston and Kyiv.

Sources: DataRobot, VentureBeat, DOU.UA.

Topics: Finance, International, News, Software, Startups, Venture/Private equity
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