Boston-based DataRobot pulls in up to $67m

Boston-based machine learning platform DataRobot has pulled in up to $67m for its latest fundraise.

So far, the company has registered 18 unnamed contributors to the investment, according to the latest Securities and Exchange Commission filing.

The company is a machine learning platform to help data scientists build and develop predictive models for companies within the banking, FinTech, Insurance, public sector, healthcare, energy and other industries.

DataRobot compares algorithms, pre-processing steps, features, transformations, and tuning parameters to create the best models for companies.

With this latest capital injection, it brings total funds raised by DataRobot to around $222m. The company picked up a $54m Series C earlier this year, which followed its $33m Series B funding round in 2016.

Earlier this month the company announced it would be creating new features specifically for the insurance market to help solve the hardest cases in the sector.

Copyright © 2017 FinTech Global

Enjoying the stories?

Subscribe to our daily FinTech newsletter and get the latest industry news & research


The following investor(s) were tagged in this article.