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dotData Raises $23 to Expedite Marketing and Sales
With $23 million in Series A funding, dotData drives the rapid growth of businesses expedites the organization processes and expands sales and marketing.
FREMONT, CA: The first and only company focused on delivering full-cycle data science automation and operationalization for the enterprise, dotData has raised $23 million in Series A funding. The company has acquired total funding of $43 million to date. JAFCO led the Series A financing round with Goldman Sachs, joining existing dotData Seed round investors NEC Corporation. These funds will be used by the company to accelerate rapid growth by expanding sales and marketing efforts. dotData will improve product development innovation of its full-cycle data science automation platform.
dotData is a provider of the most potent and broad machine learning automation solution. The company is passionate about tackling the big challenge of automating the full-cycle data science process from raw data via feature engineering to ML in production. This process will enable dotData to meet the globally-increasing demand for solutions, helping enterprises optimize value from their AI and ML initiatives. dotData is one of the only platforms that is integrating AI-powered feature engineering and AutoML to automate the complete life-cycle of the data science process, from source data through feature engineering to the implementation of ML in production.
dotData's AI-powered feature engineering applies data transformation, cleansing, aggregation, normalization, and combination automatically. The company transforms hundreds of tables with sophisticated relationships and billions of rows into a single feature table, automating the most manual data science projects. dotData decentralizes data science by facilitating existing resources to perform data science tasks, making enterprise data science scalable and sustainable, operationalizing data science by producing both feature and ML scoring pipelines in production. This further automates the time-consuming and severe process of maintaining the deployed pipeline to ensure repeatability as data changes over time.
dotData is the first and only company centered on delivering end-to-end data science automation for the enterprise. The company's fully-automated data science platform expedites time to value by operationalizing, democratizing, and accelerating the entire data science process, from raw data ingestion via AI-powered feature engineering to ML models in production. dotData is delivering unique levels of speed, scale, and value in successful implementations across multiple industries.