Boston based machine-learning-as-a-service platform has raised a $100m Series D led by Meritech and Sapphire Ventures.
Started in 2012, the company aims to automate much of the work of data scientists and make building predictive models easier for business users. Applications range from the expected—banks running risk algorithms to determine whether to issue a loan or a hospital determining risk for diabetes or heart disease—to the surprising, like helping the New York Mets choose draft picks. Jai Das of Sapphire Ventures said DataRobot fills an important gap for companies eyeing the benefits of machine learning. “Machine learning and A.I. is transforming business processes for companies of all types and sizes, but this can be difficult for organizations that don’t have data science teams or are having difficulty scaling up their data science teams,” Das said in a prepared statement.