DataRobot looks to enterprise AI coders with Zepl acquisition

BREAKING — AI seller DataRobot now stated it acquired Zepl, a cloud facts science and analytics platform seller.

The acquisition, DataRobot’s eighth given that 2017, gives AI and machine studying coders Zepl’s cloud-native, self-assistance notebook to use their possess code in Python, R and Scale while employing DataRobot’s enterprise features this sort of as collaboration, versioning and protection.

DataRobot, based in Boston, did not disclose the sum it paid out for Zepl, based in San Jose, Calif. Zepl has lifted $13.one million given that it was established in 2016 by the creators of Apache Zeppelin, a well known open resource notebook for facts and analytics.

DataRobot discovered the acquisition on the opening working day of its digital meeting, AI Knowledge Globally. The seller also launched enhancements to its platform, such as Composable ML, Continuous AI, No-Code AI Application Builder and Bias and Fairness Production Monitoring.

The Zepl buy is the newest in a string of acquisitions by DataRobot, which lifted $270 million in November, bringing its current market valuation to extra than $two.7 billion and raising expectations that the seller would file for an IPO.

The seller named Dan Wright as its new CEO in March to switch co-founder Jeremy Achin.

DataRobot’s big acquisitions in modern yrs consist of collaborative facts administration platform seller Cursor in February 2019 machine studying model administration seller ParallelM in June 2019 and Paxata, seller of a self-assistance facts planning platform, in December 2019. Also in June 2020, DataRobot acquired Boston Consulting Group’s Resource AI technological innovation and entered into a strategic partnership with the agency.

Zepl lifted $4 million in its most modern Sequence A funding round in January 2020, led by Softbank Ventures Asia and Vertex Ventures, in accordance to Crunchbase.

Reporting in development — full story to abide by.

 

 

 

Rosa G. Rose

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