INSUBCONTINENT EXCLUSIVE:
DataRobot, a company best known for creating automated machine learning models known as AutoML, announced today that it intends to acquire
Paxata, a data prep platform startup
testing the model, then putting it into production
The data prep was left to other vendors like Paxata, but DataRobot, which raised $206 million in September, saw an opportunity to fill in a
capabilities that are required for machine learning to be successful
Gurbacki, SVP of product development and customer experience at DataRobot, told TechCrunch.Prakash Nanduri, CEO and co-founder at Paxata,
says the two companies were a great fit and it made a lot of sense to come together
For us, the deal allows us to rapidly increase the number of customers that are able to go from data to value
is in Redwood City, Calif
when the deal closes.While the two companies are working together to integrate Paxata more fully into the DataRobot platform, the companies
also plan to let Paxata continue to exist as a standalone product.DataRobot has raised more than $431 million, according to PitchBook data
It raised $206 million of that in its last round
At the time, the company indicated it would be looking for acquisition opportunities when it made sense.This match-up seems particularly
The deal is expected to close before the end of the year.
