DataRobot has raised a Series E funding round in the ballpark of $200 million to advance its automated machine learning and artificial intelligence software, according to sources with knowledge of the investment.
The cash infusion comes less than a year after the startup closed its $100 million Series D round led by Palo Alto, CA-based venture firms Meritech Capital and Sapphire Ventures.
DataRobot’s latest round was again led by Sapphire, one source said, and it pushes the company into “unicorn” territory with a valuation of more than $1 billion, the sources said. Sapphire executives could not be reached for comment.
The round holds DataRobot’s spot as one of the Boston area’s biggest enterprise AI bets, as the company has now raised north of $400 million in venture capital.