DataRobot Inc.
Introduction
DataRobot Inc. is AI Cloud leading company founded with only one firm mission; to make machine learning accessible to every needing enterprise and business entity across the world. The company’s headquarters is mounted on the coast of Boston, Massachusetts, United States. Founded in the year 2012, DataRobot Inc’s vision emphasizes the democratization of access to artificial intelligence by availing users a seamless platform, creating an atmosphere where all data types are consolidated and determined in order to make speedy and positive decisions that aid the production of AI for every firm. The company built a system that allows firms regardless of their mode of operation to leverage the cutting-edge revolution AI brings to the business world alongside the company’s AI-skilled team of expert who is committed to developing only tools and machines that enables companies to transform their data into value. The company, albeit founded in the year 2012, which is an approximation of 10 years has achieved extensively, and as a result, has excellent track records even several of its aged competitors struggle to have. According to research, in the year 2021, DataRobot Inc was named to the Forbes 2021 The Cloud 100 Wold’s Best Cloud Companies, ranking the company amongst the best cloud companies across the world. Additionally, the company is also named amongst top-rated companies in 2022 on the TrustRadius list as well as Gartner Peer Insights Customers’ Choice 2021 list. In a nutshell, the company is trusted by several top companies across an array of industries all over the world, including having business dealings with Fortune Global 500 and Forbes Global 2000 companies. It is, however, imperative to note that these astounding successes are characterized by the choice and implementation of the company’s key strategies, and they act as contributing factors to the company’s rapid growth and development. As a result, this article will address in detail these key strategies to enable you garner how these strategies are working for the company. Nonetheless, before delving into that, a brief look into the company’s trajectories would be addressed in the succeeding section.
Trajectories
Founded by Jeremy Achin and Tom de Godoy, DataRobot Inc was established in the year 2012 with its apex office situated in Boston Massachusetts, United States. Since its inception over 10 years ago, the company had gone through several evolution stages, especially in the area of acquisition which serves as the company’s major strategy for continuous expansion.
In the year 2013, a year following its establishment, DataRobot Inc after raising a SEED funding program realize and recorded a total sum of $3.3 Million USD from the campaign. In the same year, the company moved its apex office to Boston, Massachusetts.
In the year 2014, DataRobot Inc began a series of funding campaigns and by the end of that year, the company recorded a total sum of $21 Million USD realized from the campaign.
In the year 2015, DataRobot Inc began its exploration by launching an automatic learning machine solution. The innovation brought grandeur to the company as it becomes the world’s first AI learning machine solution to be ever produced. In the same year, DataRobot Inc got approval for its first patent right to manufacture predictive data analytics.
In the year 2016, the company recorded a total sum of $33 Million USD raised from its Series B investment funding.
In the year 2017, in a bid to expand its business operation and to continue to reach more clients, DataRobot Inc purchases Nutonian company. And in the same year, the company Realize a total sum of $67.2 Million USD from its Series C investment funding campaign.
In the year 2018, DataRobot Inc moved a step further in its acquisition pursuit by acquiring Nexosis. Later that year, it recorded a total sum of $100 Million in its Series D funding.
In the year 2019, the company bought Cursor company. And in the same year also bought ParallelM. Additionally, the company also recorded that year a total sum of $206 Million USD from its Series E investment funding and went ahead to buy Paxata.
In the year 2020, DataRobot Inc Recorded a total sum of $320 Million USD in its Series F investment funding.
And finally, in the year 2021, the company bought Zepl. Realize a total sum of $300 Million USD in its Series G investment funding. And, lastly, went ahead to buy Algorithmia.
Key Strategies of DataRobot Inc.
Leveraging Expertise and Experience
Serving as a substantial key the company uses in creating a household brand for itself. DataRobot Inc certainly has skilled and experienced AI innovators in its workforce. As a result, the company leverages this to ensure its solutions are ranked and rated the best amongst its counterparts whiles striving relentlessly to meet customers’ satisfaction at the same time.
Building a Resource Platform
The system DataRobot Inc has built is sure to solve data-related problems in the real world. Knowing how technical understanding how to navigate around managing your database and solving data-related issues, DataRobot Inc launched an e-resource-based university where you can choose from either studying data science at your own pace by taking courses that are tailored to ensure your seamless learning experience or by subscribing to an instructor-led program where you would be attached to an AI expert that gets to teach you from scratch to finish all you need to have a successful transition. In the end, it all depends on your choice and learning preference.
Creating and Launching Workshop
No halting on only educating its customers, the company also in most case go ahead to arrange relevant workshops for their client companies where all blueprints and the company’s policy and strategies relating to its AI adoption would be critically analyzed before the company’s relevant stakeholders by DataRobot team of experts. Additionally, the team constantly tracks and monitors the implementations of these AI strategies while ensuring these strategies ultimately have a positive effect on the company’s overall standard, e.g increasing its ROI.
Client-focused
DataRobot believes customer satisfaction is one of the driving forces that place a company on a pedestal. To this end, it strives to ensure its customers are given the best customer service by helping them solve challenges (including related and nonrelated AI program management), supporting in developing and fast-tracking its customers’ use of AI, as well as availing them advice recognized to be the best methodology and practices with regards to data management and other related AI integration.
Commitment to Innovation
One of the driving forces of the company up to this present time is its passion for innovation, and this strategy had contributed greatly to the company’s brand build. Typically, this strategy was portrayed by the company in the year 2015 when it began its exploration by launching an automatic learning machine solution. The innovation brought grandeur to the company as it later becomes the world’s first AI learning machine solution to be ever produced.
Availing AI Roadmap & Aiding Integration
DataRobot walks hand-in-hand with client companies through a team of its strategic AI-skilled experts. They help set up every one of their customers and ensure to equip and harness them with every need and necessary tool required for them to have a successful integration process as well as succeeding subsequently even after signing up and purchasing DataRobot’s products.
Understanding Customers Needs
Another astounding strategy that has worked for the company is embedded in its ability to define, analyze and truly understand what the needs of its customers are. With this in mind, the company is able to fashion and develop a way that best work for each client-company, and as a result, help them achieve their organizational goals and objectives as quickly as possible by creating a platform and working systems that generate tons of data insight for positive and rational decision making.
Continuous Merger
Despite the company’s relatively short industry experience, the evidence of its pursuit of acquisition is apparent in the company’s historical record. According to the company’s record, an array of acquisitions could be spotted, and this is recognized as one of the key strategies the company leverages. For example, in the year 2017, the company began its acquisition pursuit in a bid to expand its business operation and to continue to reach more clients. It bought Nutonian company in 2017 and taking a step further in this pursuit, it also acquired Nexosis, and many more companies thereafter.
Conclusion
Ultimately, this piece has been able to introduce DataRobot Inc as a company, its relatively short history, as well as its key strategies which are responsible for the company’s overall growth and development despite being established in the year 2012, which is only an approximation of 10 years. That said, I hope your expectation as noted in the introductory portion of this piece has been met based on the foregoing detailed sections, and that with this piece, you have been able to understand how peculiar these strategies are to the company and how they have affected its overall business dealings and operations.
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