DataRobot,
the leader in automated machine learning, today announced that its
customers have built one billion models on its Amazon Web Services (AWS)
cloud platform — a major milestone in AI
adoption. DataRobot customers from around the world are using these
machine learning models to better understand and glean actionable
insights from accessible data.
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Leveraging the scalability of AWS and the processing power of Intel®
Xeon® processors, the DataRobot
Cloud platform automates the data science workflow, enabling
automation-first data scientists and citizen data scientists to build
and deploy the most accurate predictive models in minutes. With the
intelligence afforded by the DataRobot platform, organizations make
informed decisions to improve productivity and efficiency, support
business objectives, and increase revenue.
“As a compute-intensive application, our cloud environment provides
organizations with a flexible and scalable way to build the machine
learning models required to improve business processes and impact
business results,” said Phil Gurbacki, VP of Product Management,
DataRobot. “Our customers build more than two and a half million models
every day, and with each model, our solution gets smarter and more
sophisticated. Having now learned from a billion models, DataRobot is
putting the power of machine learning into the hands of users across a
growing number of use cases, delivering real value to organizations
across the globe.”
The DataRobot platform hosts models that serve organizations from a
range of industries, including healthcare, banking, manufacturing,
retail, and information technology. The models determine, for instance,
if a customer is going to churn; if a patient will be readmitted to a
hospital; if an insurance candidate is likely to default on a loan; and
even when a movie script is poised to become a success. DataRobot
enables organizations to build trustworthy AI, providing human-friendly
explanations for how the AI is trained, what patterns the AI finds in
the data, and even the reasons the AI makes decisions. DataRobot’s
industry-leading automation reduces human error via built-in guardrails
to ensure best practices are followed, as well as automated model
training and deployment.
DataRobot’s one billion models milestone comes on the heels of a year
marked by explosive growth, including raising
$100 million in Series D financing from top investors to support
continued global expansion and further platform development. The company
also more than doubled its customer base, adding new clients including
New York Life, Humana, and BASF to its roster
of Fortune 500 companies, nonprofit organizations, and academic
institutions spread across 35 countries.
To meet the growing demand for its automated machine learning solution,
DataRobot also made several strategic acquisitions to enhance its
capabilities — in February 2019, the company acquired
data collaboration platform provider Cursor to bolster its data
management abilities, and in July 2018, DataRobot
acquired Nexosis to further the company’s quest to democratize data
science enabling the AI-driven enterprise. DataRobot also increased its
employee count by more than 90 percent, bringing total employees to more
than 600 across its offices in North America, Europe, Australia, Asia,
and South America.
For more information on DataRobot and its one billion milestone, check
out this
video.
About DataRobot
DataRobot is the category creator and
leading provider of automated machine learning. Organizations worldwide
use DataRobot to empower the teams they already have in place to rapidly
build and deploy machine learning models and create advanced AI
applications. With a library of hundreds of the most powerful open
source machine learning algorithms, the DataRobot platform encapsulates
every best practice and safeguard to accelerate and scale data science
capabilities while maximizing transparency, accuracy, and collaboration.
By making data scientists more productive and enabling the
democratization of data science, DataRobot helps organizations transform
into AI-driven enterprises. With offices around the globe, DataRobot is
backed by $225 million in funding from top-tier firms, including New
Enterprise Associates, Sapphire Ventures, Meritech, and DFJ. For more
information, visit www.datarobot.com,
and join the conversation on Twitter
and LinkedIn.
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